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Securities / Derivatives
CSRC Tightens Scrutiny on Snowball Derivatives Products – Report
By Editors | 17/08/2021
The CSRC has instructed brokerage firms to tighten risk controls on Snowball derivatives and ensure their risks are fully disclose to investors.
Securities / Derivatives
CSRC to Increase Scrutiny on Fund Manager Governance
By Editors | 12/08/2021
The CSRC will revise certain rulesets and establish a new evaluation system to assess the quality of corporate governance at individual firms.
Securities / Derivatives
PBOC Scraps Rule Requiring Bond Issuers to Obtain Credit Rating
By Manesh Samtani | 11/08/2021
Requirements for bonds issued in the interbank market to obtain a credit rating have disincentivised rating agencies from properly disclosing credit risks.
Market Infrastructure
CSRC Accepts StanChart Application for Fully-owned China Brokerage
By Editors | 11/08/2021
The CSRC has accepted an application from Standard Chartered Bank Hong Kong to establish a fully owned securities unit in the mainland.
Securities / Derivatives
JP Morgan Approved to Take Full Ownership of China Securities Unit
By Editors | 08/08/2021
JP Morgan already had a controlling stake in the unit. The new approval makes it the first foreign firm to fully own a securities venture in China.
Market Infrastructure
China: New Rules Issued to Address Unreliable Bond Ratings
By Editors | 08/08/2021
The rules require credit rating agencies to strengthen their methodologies and systems, improve corporate governance, and avoid conflicts of interest.
Securities / Derivatives
CSRC Allows Fidelity to Set up China Retail Fund Business
By Editors | 08/08/2021
Fidelity has become the second global asset manager to receive approval to set up a fully-owned mutual fund business after BlackRock.
Enforcement
CSRC Penalises Yongcheng Coal, Executives for Fraud
By Sanday Chongo Kabange | 05/08/2021
Yongcheng Coal and its executives were fined for fraudulent disclosures and for inflating its books. The company defaulted on a CNY 1 billion bond last year.
Securities / Derivatives
CSRC Promises Increased Predictability of Policy Measures
By Sanday Chongo Kabange | 04/08/2021
The CSRC says it will seek closer cooperation with the US SEC and enhance the transparency and predictability of policy measures.
Securities / Derivatives
CSRC Grants QFI Custodian Licence to BNP Paribas
By Editors | 04/08/2021
The licence will allow BNP Paribas to work with foreign institutional investors to facilitate their access to China’s equities and bond markets.
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