Trading & Investment

Market Abuse

SFC Fines Hedge Fund Manager for Naked Short Selling

By Editors | 19/04/2019

Nine Masts Capital sold shares in Yuzhou Properties in May 2015 before a share placement was complete, based on verbal confirmation of its allotment.

Trading & Investment

TWSE to Monitor ETFs, ETNs for Pricing Discrepancies

By Editors | 19/04/2019

The TWSE will issue public notifications, based on comparisons of ETF and ETN price movements with the values of their underlying securities.

AI Risk & Governance

S. Korea Passes Law Allowing Robo Advisers to Manage Funds

By Editors | 18/04/2019

Korea is allowing robo advisers to operate funds, provided they are managed in line with disclosed objectives and have security breach prevention measures in place.

Structural Regulation

SSE Publishes Rules for Sponsors of Sci-Tech Board IPOs

By Editors | 18/04/2019

IPO sponsors will be required to hold stakes of 2-5% in the companies they help list on Shanghai’s new science and technology board.

Trading & Investment

China Announces Tax Breaks for Investors in CDRs

By Editors | 17/04/2019

Investors will be exempt from tax on profits from trading CDRs for three years, in addition to preferential tax treatment on dividend income.

Structural Regulation

Beijing Municipal Government Seeks QDII, RQDII Expansion

By Editors | 15/04/2019

Beijing vice mayor Yin Yong says securities firms, fund managers and futures trading firms should be able to to invest outside China through the QDII and RQDII schemes.

Trading & Investment

ASIC Warns OTC Derivatives Platforms on Overseas Services

By Editors | 12/04/2019

OTC derivatives platforms offering services to foreign retail investors may be breaking overseas laws, which may be inconsistent with local obligations to provide services ‘efficiently, honestly and fairly’.

Structural Regulation

US SEC Recognises NZX as Designated Offshore Market

By Editors | 11/04/2019

NZX participants will no longer be required to maintain a reasonable belief that clients are non-US domiciled persons in order to trade on their behalf.

Trading & Investment

China Expands Retail Access to Government Bonds

By Editors | 10/04/2019

With the government bond market now open to retail investors, China is relaxing a restriction that only allowed bond-buying during the first 10 days of the month.