SECURITIES / DERIVATIVES

Enforcement

CSRC Takes Over Futures Firm for “Out-of-control Management”

By Editors | 20/11/2024

Hehe Futures Co Ltd is controlled by Lin Qiang, a fugitive tycoon who was arrested in Indonesia last month after fleeing China in August 2023.

Crypto / Digital Assets

Nasdaq Launches Options Trading on BlackRock’s Bitcoin ETF

By Editors | 20/11/2024

On the first day of trading, the options contract saw a record-breaking $1.9bn in notional exposure and drove Bitcoin to an all-time high.

Securities / Derivatives

IOSCO Unveils Roadmap to Enhance Retail Investor Online Safety

By Mark Johnston | 20/11/2024

IOSCO released three consultation reports as part of the first wave of the roadmap to retail investor online safety.

Enforcement

US Authorities Penalise BIT Mining Over Japan Bribery Scheme

By Mark Johnston | 20/11/2024

The bribery scheme was aimed at influencing Japanese officials in an attempt to establish an integrated resort casino in Japan.

Market Infrastructure

CSRC to Launch New Round of Market Reforms

By Editors | 20/11/2024

Top CSRC officials said at the HKEX Connect Summit that a better environment will be created for international investors.

Securities / Derivatives

CSRC Issues New Market Value Management Guidelines

By Manesh Samtani | 20/11/2024

The guidelines require companies trading below their net asset value for 12 months to formulate and disclose a valuation improvement plan.

Market Infrastructure

ESMA Proposes 11 October 2027 for Migration to T+1 Settlement

By Manesh Samtani | 19/11/2024

ESMA says 11 October 2027 is the optimal date for the transition, and that it must be coordinated with other jurisdictions in Europe.

Fintech / Regtech

SEBI Proposes Reforms to Make Firms Responsible for AI Use

By Nithya Subramanian | 19/11/2024

SEBI is proposing amendments that will make MIIs, intermediaries and other regulated entities accountable for their use of AI/ML tools.

Market Infrastructure

HKEX, HSIL Launch New Index Focused on Stock Connect

By Sanday Chongo Kabange | 19/11/2024

The ‘Stock Connect China Enterprises Index’, or SCCEA, will track the largest Chinese companies under the Stock Connect scheme.