ADVERTISEMENT
Securities / Derivatives
CSRC Grants Deutsche Bank Fund Custody Licence in China
By Editors | 22/12/2020
Deutsche Bank has become the second foreign bank to be granted a domestic fund custody licence in China, just months after rules were finalised for granting such approvals.
Securities / Derivatives
China to Accelerate Development of Domestic Derivatives Market
By Sanday Chongo Kabange | 22/12/2020
China’s financial futures and options market “far lags” market participants’ growing needs to manage their risks, said CSRC vice chairman Fang Xinghai.
Securities / Derivatives
China Seeks to Improve Market Quality with New Delisting Rules
By Editors | 21/12/2020
Companies will be automatically delisted if their shares close below 1 yuan, or their market value remains below 300mn yuan, for 20 consecutive trading days.
Market Infrastructure
CSRC Issues Draft Rules on Cybersecurity Incident Handling
By Editors | 20/12/2020
The draft rules provide new standards for categorising cybersecurity incidents based on severity, enhance incident reporting efficiency, and introduce added flexibility for punishments.
AML / KYC
PBOC Publishes Roadmap for Full LEI Adoption in China
By Manesh Samtani | 18/12/2020
By end 2022, LEIs will be used in securities and derivatives trading, risk monitoring, regulatory reporting, listed company supervision and the digital yuan ecosystem.
Securities / Derivatives
China Fund Managers Prepare to Launch Cross Market Bond ETFs
By Editors | 17/12/2020
Five fund managers have reportedly applied to launch bond index funds that can be traded on the Shanghai exchange, Shenzhen exchange, or the interbank market.
Enforcement
US SEC Settles Luckin Coffee Fraud Charges for $180m
By Editors | 17/12/2020
Luckin materially misstated its revenue, expenses, and net operating loss to falsely appear to achieve rapid growth and increased profitability, the SEC said.
Enforcement
CSRC Suspends Credit Rating Agency, Orders Improvements
By Editors | 16/12/2020
The rating agency has been asked to carry out a comprehensive rectification programme, strengthen internal controls, and improve the quality of its ratings.
Securities / Derivatives
China’s DCE to Start Trading Hog Futures in January
By Editors | 15/12/2020
The CSRC has announced a launch date of 8 January 2021 for live hog futures to start trading on the Dalian Commodity Exchange.
Securities / Derivatives
Goldman Sachs Seeks Approval to Fully Own China Securities JV
By Editors | 09/12/2020
Goldman already owns 51 percent of its China securities joint venture and has signed an agreement to acquire the remaining 49 percent.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team