Securities / Derivatives

CBIRC Instructs Banks to Halt Risky Crude Oil Products – Reports

28/04/2020

The verbal directions came nearly a week after an estimated $1.4bn in losses were recorded in a crude oil futures trading product sold by Bank of China.

Big Picture

Privacy Concerns, Bank Mistrust Lead to Higher Cash Use: Study

28/04/2020

The findings suggest that government policy to promote electronic payments may have to address fundamental concerns about privacy and confidence in financial institutions.

Securities / Derivatives

SGX, CITIC Securities Agree to Collaborate Across Borders

28/04/2020

SGX and CITIC Securities will collaborate on FICC, REIT, equity, debt and related derivatives markets, among other areas.

SFC, Competition Commission Agree to Cooperate, Share Information

28/04/2020

The SFC and the Competition Commission can consult each other on issues with significant implications for the other and share information where appropriate.

Enforcement

CSRC Vows Cross-border Cooperation in Luckin Fraud Case

28/04/2020

The CSRC has been communicating with US regulators, looking to deepen cross-border cooperation to combat misconduct and fraud and to protect investors.

Securities / Derivatives

Shenzhen’s ChiNext Moves Closer to Market-based IPO System

28/04/2020

The new registration-based IPO system will simplify the months or years companies typically have to wait before listing their shares.

Securities / Derivatives

Malaysia Extends Short Selling Ban by Two Months

28/04/2020

The short-selling suspension will now last until 30 June 2020, to ensure to manage risks and mitigate any excessive speculative activities.

Market Infrastructure

China: Critical Technology Subject to Cybersecurity Review from 1 June

28/04/2020

The new regulations, jointly released by 12 government agencies, are not intended to restrict or discriminate against foreign products or services, an official said.

AML / KYC

Digital Identification in a Post-COVID World

28/04/2020

Social distancing has put KYC into sharp focus, with regulators reiterating their support for digital onboarding to ensure financial transactions are possible.