Latest News
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394Capital RegulationKorea FSS Warns Banks of Liquidity Risk at China Units
Editors, Regulation Asia July 10, 2019KB Kookmin and KEB Hana have three months to submit plans for reducing their China corporate bodies' reliance on support from their Korean parents.
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546SingaporeSingapore Proposes GST Exemption for Digital Token Payments
Editors, Regulation Asia July 9, 2019Transactions involving digital tokens or cryptocurrencies that function or are intended to function as a medium of exchange will be exempt from GST.
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471IndiaPunjab National Bank Detects $550mn Fraud by Indian Steelmaker
Editors, Regulation Asia July 9, 2019Punjab National Bank says Bhushan Power & Steel misappropriated bank funds and manipulated its books to raise funds from lenders.
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383ChinaICBC Shanghai Branch Deputy Under Investigation – Report
Editors, Regulation Asia July 9, 2019Regulators have reportedly found ICBC's Shanghai branch deputy head to be in violation of regulations related to fundraising and buying wealth management products.
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601Hong KongSFC Strengthens Protections for Client Assets Held by AIs
Editors, Regulation Asia July 9, 2019Intermediaries and AIs must sign an acknowledgement letter making clear that assets held in designated client asset accounts are protected from recourse.
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419ChinaPBOC Suspends Traders for ‘Abnormal’ Overnight Repo Transactions
Editors, Regulation Asia July 9, 2019The trades involved overnight bond repo transactions in the interbank market at prices below normal market rates.
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326Securities & TradingIndia Proposes Additional GIFT City Tax Incentives
Editors, Regulation Asia July 8, 2019Existing tax incentives have been extended to 10 years from 5 years. New exemptions for dividend distribution tax and alternate investment funds also proposed.
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394IndiaIndia’s 2019 Budget Grants Lifeline to State Banks, NBFCs
Editors, Regulation Asia July 8, 2019The government announced a fresh capital infusion for state banks, credit guarantees on NBFC assets, and stronger supervisory powers for the RBI.
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524ChinaSSE STAR Market to Start Trading on 22 July
Editors, Regulation Asia July 8, 2019The Shanghai Stock Exchange has said the first batch of listings on the new science and technology innovation board will start trading on 22 July.
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463Market InfrastructurePhilippine SEC Drafts Framework for Cross-border Publication of Research
Editors, Regulation Asia July 8, 2019Under the draft framework, capital market professionals authorised by the SEC can issue research reports in ASEAN countries that are MoU signatories: Malaysia, Singapore and Thailand.
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