United States

Securities / Derivatives

Why Chinese ADRs Will Keep One Foot in New York

By FinanceAsia | 03/06/2020

Amid US-China posturing, Hong Kong is emerging as a safe port for China’s corporate refugees – but there are powerful reasons for at least some of these ADRs to stay where they are.

AML / KYC

Bangladesh Bank Files New Civil Suit Over 2016 Cyber Theft

By Editors | 03/06/2020

Bangladesh Bank has filed a new civil suit against RCBC and other Philippine entities in New York State Court over the 2016 bank heist, after its Federal Court case was dismissed in March.

AML / KYC

US DOJ Unseals Indictment Against North Korea Money Launderers

By Editors | 03/06/2020

The indictment names 28 North Korean and 5 Chinese nationals who were charged for operating a network of over 250 shell companies around the world to procure goods for North Korea.

Capital / Liquidity

China’s Banks Poses Growing Risks for US Investors: Report

By Editors | 03/06/2020

US savers are increasingly likely to have exposure Chinese banks and their “large volumes of NPLs”, says a report from a US Congressional advisory body.

Securities / Derivatives

US Scrutiny of Chinese Firms a Boon for Hong Kong IPO Market

By Manesh Samtani | 02/06/2020

Nasdaq-listed Chinese companies Netease and JD.com are planning to launch secondary listings in Hong Kong, amid concerns that their US listings could be at risk.

Market Infrastructure

MEMX Sets Launch Date for New Equities Exchange

By Editors | 02/06/2020

Platform testing will begin on 29 June, followed by member certification and user acceptance tests, ahead of a 4 September launch date.

Market Infrastructure

ARRC Publishes Best Practices for LIBOR to SOFR Switch

By Editors | 01/06/2020

The ARRC outlines near-term transition steps that market participants should aim to take across floating rate notes, business loans, consumer loans, securitisations, and derivatives.

Market Infrastructure

Trump: US to End Hong Kong Trade Privileges, Sanction Chinese Officials

By Manesh Samtani | 30/05/2020

The US President says Hong Kong’s special treatment will be revoked, Hong Kong and Chinese officials will be sanctioned, and Chinese companies listed on US exchanges will be examined.

Market Infrastructure

China Approves Plan to Impose National Security Law in Hong Kong

By Manesh Samtani | 28/05/2020

The move could impact Hong Kong’s special trade status under US law, lead to sanctions against officials, and trigger a downgrade of the city’s credit rating.