Trading & Investment

Structural Regulation

CSRC Approves Daiwa for Majority Owned Securities Joint Venture

By Editors | 31/08/2020

Daiwa will own 51% of the securities joint venture through which it will be seeking licences to provide brokerage, investment banking, and securities underwriting services.

Trading & Investment

PBOC to Promote Interbank Repo Rates in Financial Products

By Editors | 31/08/2020

Interbank bond repo rates have been based on actual transactions for over 20 years, the PBOC said, pledging to enhance its benchmark interest rate system.

Trading & Investment

SGX, GF Securities to Jointly Promote Sino-Singapore Connectivity

By Editors | 31/08/2020

Under an MoU, GF Securities will promote SGX listed derivatives and securities including REITs and fixed income products to its clients.

Structural Regulation

CSRC Grants BlackRock Approval For Fully-owned Mutual Fund Unit

By Editors | 30/08/2020

The approval makes the BlackRock the first foreign financial institution to receive approval to set up a wholly-owned mutual fund unit in China.

Structural Regulation

Shenzhen Bourse to Allow Dual Class Share Structures

By Editors | 30/08/2020

Lawmakers passed a rule allowing companies with dual class share structures to incorporate and list on the Shenzhen Stock Exchange, part of broader reforms to improve the market’s appeal.

Trading & Investment

Brokers Push Back Against ASIC Proposal to Limit CFD Leverage

By Editors | 30/08/2020

Foreign exchange brokers expressed concerns that the proposals are overly stringent, infringe on investor freedoms, and may result in regulatory arbitrage.

Trading & Investment

SFC, CSRC Approve Hong Kong-Mainland ETF Cross-listing

By Manesh Samtani | 28/08/2020

The new scheme follows the resumption of discussions between the SFC and CSRC in January on setting up an ETF Connect mechanism, after technical issues impeded earlier progress.

Trading & Investment

CSOP Launches First ETF Tracking New Hang Seng TECH Index

By Editors | 27/08/2020

Several other asset managers have submitted applications to regulators seeking to issue similar ETFs based on the new index, which tracks Hong Kong’s 30 largest tech listings.

Cybersecurity

DDoS Attacks Force Fourth Day of Market Closure at NZX

By Manesh Samtani | 27/08/2020

The hacker group said to be responsible has reportedly also carried out attacks against MoneyGram, YesBank India, Worldpay, PayPal, Braintree and Venmo this week.