Trading & Investment

Hong Kong Brokers to Directly Access London Stock Exchange

16/06/2015

The Securities and Futures Commission (SFC) has granted a licence to the London Stock Exchange (LSE) to accept Hong Kong financial firms as exchange members.

Conduct, Culture & Accountability

Banks Face Tougher Penalties for Offering Incentives to Win Super Fund Business

16/06/2015

Banks and industry super funds will face tougher penalties for luring clients into default superannuation funds with incentives.

Structural Regulation

PFMIs Implementation Monitoring Assessment Report Shows Good Progress

16/06/2015

The second update to the Level 1 assessments of Principles for Financial Market Infrastructure implementation monitoring shows that good progress has been made by the 28 participating jurisdictions.

Structural Regulation

New Zealand and Myanmar to join AIIB

16/06/2015

New Zealand and Myanmar will be members of the Asian Infrastructure Investment Bank, slated to begin operations later this year.

Trading & Investment

China Changes Property Law to Allow Setting Up of REITs

15/06/2015

The China Securities Regulatory Commission has granted approval for the first public sale of units by a real estate investment trust (REIT).

Trading & Investment

China Revises Margin Trading and Short-Selling Rules

15/06/2015

The China Securities Regulatory Commission is proposing a ceiling on margin trading at brokerages and for existing margin trade contracts to be rolled over.

Structural Regulation

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.

Structural Regulation

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.

Trading & Investment

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.