Trading & Investment

Trading & Investment

Bank of China to Partially Shoulder Investors’ Crude Oil Losses

By Editors | 08/05/2020

The move followed a determination by the Financial Stability and Development Committee that the bank was at fault for not following investment suitability principles.

Structural Regulation

China Scraps QFII, RQFII Quotas; Simplifies Outbound Remittance Rules

By Editors | 08/05/2020

QFII and RQFII investors will merely need to go through a registration process to invest in China. Requirements on outbound remittances and currency exchange have also been simplified.

Trading & Investment

Charles Li to Step Down as HKEX Chief Executive Next Year

By Editors | 07/05/2020

Charles Li has been chief executive for over 10 years, and is credited with the launch of Stock Connect, Bond Connect, HKEX’s new listing regime and its dual class share system.

Market Abuse

US SEC Penalises Bloomberg Tradebook Over Order Routing

By Editors | 07/05/2020

Bloomberg Tradebook let unaffiliated brokers make decisions about the routing of certain customer trade orders in a way that lowered its own costs, without informing affected customers.

Credit Risk

CBIRC Allows Banks to Offer Debt-to-equity Products to Investors

By Editors | 07/05/2020

Banks have already been using bond issuances and their own capital to carry out debt-to-equity swaps since 2016. They will now be allowed to offer these assets directly to investors.

Trading & Investment

DBS Prices Singapore’s First SORA-based Floating Rate Notes

By Editors | 06/05/2020

DBS has priced the first floating-rate notes referencing SORA, identified last August as Singapore’s alternative interest rate benchmark to SOR.

Trading & Investment

FSC Designates Six Brokers to Specialise in SME Investment

By Editors | 06/05/2020

The designation will be valid for two years, allowing the brokers to receive preferential policy incentives for boosting investment in SMEs.

Structural Regulation

Singapore Allows Electronic Dissemination of Offer Documents

By Editors | 06/05/2020

Electronic dissemination will enable rights issues and takeover or merger transactions to take place while reducing the need for staff to be physically present at workplaces.

Trading & Investment

SGX, AMTD Enter Partnership on Capital Markets Development

By Editors | 05/05/2020

The partnership will seek to promote Singapore’s capital market development, strengthen regional connectivity, support businesses, and explore the use of DLT in bond issuance.