Hong Kong-Shanghai Stock Scheme Faces Tax, Quota Issues

26/08/2014

The stock market trading scheme between Hong Kong and Shanghai could be derailed by unclear tax policies and daily quotas that discourage foreign institutional investors to take part in the initiative.

Hong Kong Regulator Reiterates IPO Sponsor Liability

26/08/2014

The Securities and Futures Commission has reaffirmed that sponsors of initial public offerings (IPO), particularly banks that prepare companies for a Hong Kong listing, are criminally liable for defective prospectuses.

Japan Regulator Plans to Allow Crowdfunding

23/08/2014

The Financial Services Agency plans to allow businesses to procure small amounts of funding from the general public by issuing shares online.

China Endorses Launch of First Large Private Investment Firm

22/08/2014

China has endorsed the launch of the country’s first national-level private investment company, China Minsheng Investment, in Shanghai.

Securities / Derivatives

Taiwan Plans Cross-Border Stock Trading with Japan

22/08/2014

Taiwan will study the possibility of launching a cross-border stock trading scheme with Japan in a bid to boost internationalization of the local bourse, said the country’s top financial regulator.

Securities / Derivatives

Taiwan Regulator Eyes Pan-Asian Growth for Financial Sector

22/08/2014

Taiwan’s Financial Supervisory Commission vowed to support financial institutions’ bid to expand into other Asian markets by easing a number of regulatory hurdles in the banking, insurance and securities brokerage industries.

Securities / Derivatives

ASEAN on Track to Create Regional Asset Class

21/08/2014

Top officials of the ASEAN Exchanges said that member bourses are taking collaborative steps to create, market and promote ASEAN as a single asset class.

Hong Kong Regulator Issues Quarter to June Report

21/08/2014

The Securities and Futures Commission issued its quarter to June report detailing accomplishments that included the release of a regulatory framework for the over-the-counter derivatives market, and the announcement of a cross-border stock market scheme between Hong Kong and Shanghai.

Standard Chartered Fined $300 Million by US Financial Watchdog

21/08/2014

Standard Chartered will pay $300m over lapses in anti-money-laundering procedures and temporarily suspend its dollar clearing operations with high-risk clients in Hong Kong, the New York State Department of Financial Services (DFS) said.