Securities / Derivatives

Enforcement

SFC Fines China Merchants Securities for IPO Sponsor Failures

By Editors | 28/05/2019

China Merchants Securities was a joint sponsor with UBS – fined in March – for the 2009 IPO of China Metal Recycling, which was found to have fabricated financial information.

Securities / Derivatives

HK to Suspend Stocks on Disclaimer, Adverse Audit Opinions

By Editors | 27/05/2019

Trading in a Hong Kong listed company will be suspended if the auditor issues a disclaimer or adverse opinion for any financial year commencing on or after 1 September 2019.

Securities / Derivatives

Sino-Japan ETF Connect Launched; Six Cross-Border ETFs Approved

By Editors | 27/05/2019

The announcement follows an ETF Connectivity Agreement signed by JPX and the SSE last month, where both agreed to establish an system for cross-listings of ETFs.

Crypto / Digital Assets

MAS Sandbox Admits SGX-Backed Digitised Securities Platform iSTOX

By Editors | 27/05/2019

From within the sandbox, iSTOX is currently onboarding the first batch of issuers and investors who will participate in issuance and trading of digitised securities starting in 4Q 2019.

Securities / Derivatives

India INX Allows Direct Trading on LME, ICE, Eurex, Euronext

By Editors | 24/05/2019

The first trade on the LME from India INX took place on 21 May, in copper.

Securities / Derivatives

SFC Investigation Disclosure Obligation Presents Challenge to Industry

By Manesh Samtani | 24/05/2019

The SFC has clarified aspects of the new disclosure obligation, but concerns remain over logistical and administrative burdens, say ASIFMA and Herbert Smith Freehills.

ESG / Sustainability

HKEX Consults on ESG Reporting Framework

By Editors | 24/05/2019

HKEX is reviewing its ESG reporting framework to ensure it remains fit for purpose and is up to date with investor and stakeholder expectations and international best practice.

Securities / Derivatives

China to Open Bond Futures Market to Domestic Banks

By Editors | 24/05/2019

Opening up bond futures trading to banks will improve volumes, liquidity, hedging tools, and price discovery across the broader bond market.

Market Infrastructure

Japan T+2 Settlement to Start on 16 July

By Editors | 23/05/2019

T+2 settlement to go live in Japan following working group discussions and the successful completion of operational checks.