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Market Infrastructure
Shanghai-London Connect Suspended Amid Political Tensions – Reports
By Editors | 05/01/2020
A CSRC spokesperson has denied the suspension after multiple media reports emerged that SSE companies have been temporarily blocked from listing depositary receipts on the LSE.
Securities / Derivatives
New Securities Law to Take Effect in China from March 2020
By Editors | 28/12/2019
A fourth and potentially final draft of China’s new Securities Law has been submitted to the NPC Standing Committee’s bimonthly session.
Enforcement
China to Improve Mechanisms for Handling Bond Defaults
By Editors | 28/12/2019
Proposals include mechanisms for early detection and investigation of bond disputes, higher penalties for repayment failures, and lower costs for investors exercising litigation rights.
AML / KYC
SFC, CSRC Set Date for Southbound Investor Identification Regime
By Editors | 20/12/2019
With technical preparations now complete at exchanges and clearinghouses, southbound trading investor identification regime is scheduled for implementation on 13 January.
Market Infrastructure
JP Morgan Secures Business Licence for China Joint Venture
By Editors | 19/12/2019
The CSRC gave JP Morgan approval to set up majority-owned securities joint venture in China since March, but it has not been granted a licence to operate until now.
Enforcement
China, US in Talks on Allowing Joint Inspections of Auditors
By Editors | 19/12/2019
The CSRC has reportedly been in talks with the US audit regulator on allowing joint inspections of firms that audit Chinese companies listed in the US.
Securities / Derivatives
CSRC Issues Pilot Rules for Spin-Off IPOs by Listed Companies
By Editors | 17/12/2019
To spin off a unit, a listed company should have three-year cumulative net profits of at least 600mn yuan, which is lower than the 1bn yuan requirement proposed in an August consultation.
Enforcement
Former CSRC Shandong Official Expelled from CCP For Graft
By Editors | 10/12/2019
Xu Tie was placed under investigation earlier this year, 6 years after his retirement from the Shandong bureau of the CSRC.
Securities / Derivatives
Shenzhen Exchange Issues Rules for Stock Options Pilot
By Editors | 09/12/2019
The launch of the stock options pilot is part of an initiative to diversify financial products and improve risk management and hedging tools in the Greater Bay Area.
Market Infrastructure
China Issues Measures to Clean Up Credit Ratings Industry
By Editors | 03/12/2019
The measures are part of China’s efforts to clean up the ratings industry and open up to foreign competition, in order to boost foreign participation in the domestic bond markets.
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