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Securities / Derivatives
SFC Issues Update on ‘Front Loaded’ Approach to Listing Rules
By Editors | 22/02/2019
The SFC “will not hesitate to intervene at an early stage” when it has serious concerns about IPO applications or post-IPO corporate transactions.
Enforcement
CSRC Probes Losses at GF Securities Hedge Fund
By Editors | 21/02/2019
The CSRC is seeking details about large trading losses at a hedge fund managed by GF Securities’ Hong Kong unit. Citigroup faces up to $180mn in losses on a loan to the fund.
Enforcement
Hong Kong Finance Manager Convicted of Insider Dealing
By Editors | 21/02/2019
A GEM stock finance manager was in possession of inside information related to unaudited losses and an impending share suspension when he and his father sold their shares in the company.
Market Infrastructure
EU, Singapore Agree to Mutually Recognise Derivatives Venues
By Editors | 21/02/2019
Singapore and EU-based firms will be able to trade derivatives on approved platforms based in either jurisdiction following proposed equivalence decisions by both regulators.
Securities / Derivatives
Daiwa Securities Completes Trade Matching POC Using DLT
By Editors | 21/02/2019
Japan’s Daiwa Securities Group has announced the completion of a proof of concept studying the effectiveness of using distributed ledger technology in trade matching processes.
Securities / Derivatives
MAS Discusses Supervisory Toolkit for Fund Managers – Speech
By Manesh Samtani | 19/02/2019
MAS places emphasis on conduct and individual accountability in its supervisory approach, using data analytics to help identify unusual trends and flag outliers among fund managers.
Securities / Derivatives
UPDATED – Taiwan Mulls Introduction of Intraday Odd-lot Trading
By Editors | 19/02/2019
Currently, odd-lot trades are only permitted in after-hours trading. The introduction of intraday odd-lot trading will boost daily turnover and give retail investors more choice, the FSC says.
Market Infrastructure
CBIRC Drafts New Rules for Local Government AMCs – Report
By Editors | 19/02/2019
Many local government-run AMCs have not been focused on dealing with bad loans as intended due to a lack of clarity on their business scope.
Securities / Derivatives
CBIRC Green-Lights a Fifth Bank’s Wealth Management Subsidiary
By Editors | 17/02/2019
ICBC has become the 5th bank to receive approval to set up a wealth management subsidiary, through which it can channel WMP funds into the stock market.
Securities / Derivatives
India Lifts Corporate Bond Investment Cap for FPIs
By Editors | 17/02/2019
The 20% cap limiting exposures to a single corporate entity was aimed at incentivising FPIs to maintain a portfolio of assets, but market feedback indicates it has instead had a contraining effect.
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