Market Abuse

China Launches Probe into CDB for Suspected Price Manipulation

27/12/2023

NAFMII said it has information indicating China Development Bank improperly influenced market prices in its bond issuance and money market businesses.

Market Abuse

FSA Japan Issues Orders Against Major Insurers for Price-Fixing

27/12/2023

The insurers coordinated with each other when negotiating contracts with corporate customers on insurance premiums, affecting more than 570 policyholders.

Payments & Settlements

Cambodia, China Launch Cross-border QR Payment Link

27/12/2023

Visitors from China can use UnionPay-enabled mobile apps to scan KHQR codes in Cambodia. By early 2024, Cambodian residents will be able to use their Bakong wallets in China.

Cryptocurrency

Japan Approves Reforms to End Tax on Unrealised Crypto Gains

27/12/2023

Crypto assets issued by third party organisations can be held by corporations without being marked-to-market for taxation.

CBDCs

BOC Settles First Cross-border Precious Metals Trade Using e-CNY

26/12/2023

Bank of China transferred CNY 100 million in cash from an overseas buyer and deposited the funds as digital yuan at the Shanghai Gold Exchange.

PEPs & Sanctions

China Sanctions Data Provider Kharon and Two Employees in Response to US Sanctions

26/12/2023

China’s Ministry of Foreign Affairs announced sanctions against US-based Kharon and two researchers under the Anti-Foreign Sanctions Law in response to US human rights sanctions.

Market Abuse

Korea Fines BNP Paribas, HSBC $20.4m for Illegal Short Selling

26/12/2023

The FSC said the naked short-selling transactions lasted for months and were thus were “viewed as not inadvertent but intentional.”

PEPs & Sanctions

Singapore Announces Criminal Charges Over DPRK Gasoil Sales

26/12/2023

Defendants are accused of shipping gasoil to North Korea in violation of UN sanctions via the MT Courageous, an oil tanker seized by the US in 2021.

Climate Risk

HKMA Study: Climate Change Will Dampen Housing Prices

26/12/2023

The study finds that global warming and severe typhoons can meaningfully lower housing prices in Hong Kong in the long run.