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Capital / Liquidity
PBOC Cuts Mortgage Rates, Calls on Banks to Lend More
By Editors | 22/08/2022
The PBOC plans to offer special loans to financial institutions to help them increase lending to property developers.
Market Infrastructure
CBIRC Grants Mapfre Re Approval to Set Up Beijing Subsidiary
By Editors | 22/08/2022
The Spanish reinsurer said the approval will allow it to increase its business operations in China, where it so far only has a representative office.
Securities / Derivatives
Thai SEC Consults on Rules for VC, PE Tax Exemptions
By Editors | 22/08/2022
VC and PE firms can obtain tax exemptions for investments in certain target industries until 2032.
Crypto / Digital Assets
US SEC Files Suit Against Crypto Entities Over ICO Sale
By Mark Johnston | 22/08/2022
Blockchain firm Dragonchain raised about $16.5mn without registering its token sales as securities offerings.
ESG / Sustainability
China Sets Out Plans to Create National Carbon Accounting System
By Darien Choong | 22/08/2022
A unified and standardised carbon emission statistical and accounting system will be established by 2023 and gradually improved until 2025.
Securities / Derivatives
Taiwan FSC Allows Banks to Offer Wider Range of Offshore Funds
By Editors | 22/08/2022
Banks can offer high net worth clients access to uncertified securities investment trust funds from other jurisdictions.
Capital / Liquidity
Henan Authorities Repay More Frozen Deposits at Rural Banks
By Editors | 22/08/2022
The latest round of repayments are being made to individuals with deposits of between CNY 350,000 and CNY 400,000.
AML / KYC
US Concerned India is Routing Russian Oil to New York
By Editors | 22/08/2022
An Indian vessel picked up oil from a Russian tanker at sea, then brought it to an Indian port to be refined and shipped on to New York.
Enforcement
Shanghai Court Jails Tycoon Xiao Jianhua, Fines Conglomerate
By Editors | 22/08/2022
Xiao Jianhua was handed a 13-year jail term and CNY 6.5 million fine. His company, Tomorrow Holding, was fined CNY 55 billion.
Enforcement
SFC Probes AMTD Over Past Underwriting Deals – Reports
By Editors | 22/08/2022
The full scope of the probe into AMTD Group and its current status are “unclear”, but it is said to be related to previous underwriting deals.
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