Securities / Derivatives

Securities / Derivatives

Chinese Authorities Order ‘Key Industries’ to Repay Their Debt

By Manesh Samtani | 27/10/2021

The notice from the NDRC and SAFE comes days after Evergrande paid $83.5mn worth of overdue interest on an offshore bond just before a grace period expired.

ESG / Sustainability

A Look at the SFC’s Climate Risk Requirements for Fund Managers

By Michael P Wong | 27/10/2021

The new requirements will have a significant impact on in-scope fund managers, and not just those that follow ‘sustainable’ or ‘ESG’ strategies, says Dechert partner Michael Wong.

Market Infrastructure

SGX Opens GIFT City Office Ahead of India Trading Link Launch

By Mark Johnston | 27/10/2021

The new office will house a data centre referred to as GIFT Data Connect. The NSE-SGX GIFT City Connect is expected to be fully-operational by January 2022.

ESG / Sustainability

SEBI Proposes New Requirements for ESG Funds in India

By Manesh Samtani | 27/10/2021

ESG-labelled funds will have to invest at least 80% of total assets in ESG themed securities, and disclose measures taken to mitigate greenwashing risks and reliance on third party scores.

Market Infrastructure

Deutsche Bank Launches FX Trading Infrastructure in Singapore

By Editors | 27/10/2021

The launch is in line with a MAS objective to develop Singapore into a regional FX trading hub. RBC Capital Markets and Nomura also plan similar launches later this year.

Capital / Liquidity

International Standard Setters Launch Review into Margin Practices

By Editors | 26/10/2021

While centrally cleared and non-centrally cleared markets faced similar levels of volatility in March and April 2020, IM requirements increased significantly only for centrally cleared derivatives.

Securities / Derivatives

Taiwan to Relax Share Issuance Rules for Listed Companies

By Editors | 26/10/2021

The changes would allow listed companies to file an application covering multiple issuances of new shares within a two-year period.

Market Infrastructure

US SEC Publishes Findings from Meme Stock Review

By Editors | 26/10/2021

SEC staff concluded that US markets functioned well and dislocations caused by short-selling were not the main cause of the extreme volatility in GameStop.

Securities / Derivatives

HKMA Amends Requirements on Share Margin Financing

By Sanday Chongo Kabange | 25/10/2021

The HKMA says continued enforcement of the requirement to observe market norms in the setting of maximum LTV ratios is no longer appropriate.