Securities / Derivatives

AML / KYC

China Issues New Rules to Protect from Foreign Sanctions

By Manesh Samtani | 11/01/2021

Global businesses that comply with sanctions deemed illegal by MOFCOM can be sued for compensation in Chinese courts.

Sanctions

US Banks to Delist Hong Kong Listed Structured Products

By Manesh Samtani | 11/01/2021

The move is said to be a direct result of a prohibition on US persons from purchasing shares in companies identified to be linked to the Chinese military.

Securities / Derivatives

China Issues Final Rules Governing National Carbon Market

By Editors | 08/01/2021

Provincial level authorities will be able to set carbon emissions caps for the first time, and shall be charged with verifying greenhouse gas emissions reports.

Fintech / Regtech

AI is Bringing a Generational Change to the RegTech Industry

By Lukas Petrikas | 07/01/2021

Artificial intelligence can bring a generational change to the RegTech industry as it strengthens and enhances regulatory and supervisory capabilities, says HKEX’s Lukas Petrikas.

Enforcement

Chinese Court Orders Ratings Firm to Compensate Bond Creditors

By Editors | 07/01/2021

The court held Dagong Global Credit Rating, its controller, underwriter, accounting firm, and law firm jointly responsible for defaults by a construction company three years ago.

Securities / Derivatives

HKEX Outlines Next Steps for VCM, POS Enhancements

By Manesh Samtani | 07/01/2021

Phase 2 VCM enhancements will occur in March 2021 in the securities market. VCM and POS enhancements will be applied to the derivatives market in Q2 2021.

Securities / Derivatives

India: IFSCA Becomes IOSCO Associate Member

By Editors | 06/01/2021

The IFSCA was established in April 2020 as a unified authority to regulate all financial services in Gift City, India’s international financial services centre.

Securities / Derivatives

FTSE Russell to Remove More Chinese Companies from Indexes

By Editors | 06/01/2021

The three companies being removed are China United Network Communications, Semiconductor Manufacturing International Corporation and Nanjing Panda Electronics.

Securities / Derivatives

Shanghai, Shenzhen Bourses Implement Revised Delisting Rules

By Editors | 05/01/2021

The exchange amended the rules in response to complaints that the delisting thresholds were too high to be effective in deterring fraud.