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Capital / Liquidity
PBOC Cuts FX Reserve Requirement for Banks as Yuan Falls
By Editors | 05/09/2022
The cut will add about increase foreign currency liquidity, make it more appealing for traders to buy the yuan, and support the economic recovery.
Enforcement
Thai SEC Penalises Bitkub CTO for Insider Trading Violations
By Editors | 05/09/2022
Bitkub’s CTO bought the company’s own digital token, KUB Coin, based on inside information about a proposed acquisition by Siam Commercial Bank.
ESG / Sustainability
Taiwan FSC Announces Measures to Enhance Capital Markets
By Darien Choong | 05/09/2022
The measures include an ESG information platform for listed companies and enhancements to TAIFEX’s new OTC derivatives clearing service.
Market Infrastructure
CSRC Unveils Plans to Further Expand Stock Connect
By Manesh Samtani | 05/09/2022
More companies will be added to Stock Connect and Hong Kong will introduce treasury bond futures and a special counter for yuan stocks.
Crypto / Digital Assets
India: Four Public Sector Banks to Run CBDC Pilot
By Editors | 05/09/2022
The RBI has reportedly asked State Bank of India, Punjab National Bank, Union Bank of India and Bank of Baroda to run a CBDC pilot internally.
Enforcement
Korean Authorities Arrest 16 Over Illegal FX Transactions
By Editors | 05/09/2022
In some cases, funds were remitted overseas via commercial banks, disguised as payments for trade businesses to exploit the “Kimchi premium”.
Hong Kong Targets Removal of Hotel Quarantine Requirement
By Editors | 05/09/2022
Chief Executive John Lee is leaning towards scrapping hotel quarantine before a November summit of global bankers and the Hong Kong Rugby Sevens tournament.
HKMA Introduces New Rules for Banks Offering BNPL Products
By Manesh Samtani | 05/09/2022
Banks that engage or partner with third-party service providers when launching BNPL products will be held accountable for the actions of those providers.
Crypto / Digital Assets
New Crypto Advertising Rules Take Effect in Thailand
By Editors | 04/09/2022
Crypto firms with advertising already on display have 30 days to amend their advertisements to achieve compliance with the new rules.
Securities / Derivatives
Russia Bond CDS Auction to Be Held on 12 September
By Editors | 04/09/2022
The amounts holders of CDS on Russian debt are likely to receive has reportedly dropped by about a third since early June.
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