Hong Kong Extends Tax Exemption for Offshore Funds

13/06/2015

The Hong Kong Government has extended its offshore funds tax exemption, allowing investments in private companies to qualify and loosening other restrictions.

Securities / Derivatives

Pakistan Approves Sharia Advisory Board for Islamic Finance

13/06/2015

The Securities and Exchange Commission of Pakistan has approved a four-member sharia advisory board to oversee Islamic financial products in the country.

MSCI and China Securities Regulator to Form Working Group

12/06/2015

MSCI is seeking the formation of a working group with the China Securities Regulatory Commission to accelerate the timeline for including mainland stocks in global benchmark indices.

Chinese Banks to Issue Interbank CDs to Foreign Financial Institutions

12/06/2015

Chinese banks are set to issue interbank certificates of deposit to foreign financial institutions inside the Shanghai Free Trade Zone.

Securities / Derivatives

Sri Lanka Banks Select Wolters Kluwer Reporting Solution

12/06/2015

Commercial Bank of Ceylon and Hatton National Bank will become the first banks in Sri Lanka to become compliant with International Financial Reporting Standards.

RBI Announces New Debt Restructuring Measures to Help Banks Tackle Bad Debt

11/06/2015

The Reserve Bank of India announces a new scheme to help banks deal with their mountains of bad debt.

Securities / Derivatives

Long Term Success of Stock Connect Hinges on Removal of Barriers

11/06/2015

Study commissioned shows the long-term success of the Shanghai-Hong Kong Stock Connect hinges on removing barriers to participation.

China Seeking Access to Foreign Technology Providers Source Code

11/06/2015

Beijing is working on a new series of rules that would require foreign technology firms to give up their source code in exchange for Chinese business.

Securities / Derivatives

Taiwan Eyes Stock-Trading Link with Hong Kong and Shanghai

11/06/2015

Taiwan’s asset management industry sees an equity-trading link with Hong Kong as the next move following the launch of the Shanghai-Hong Kong Stock Connect