Securities / Derivatives

Securities / Derivatives

SSE Revamps Index Methodology to Better Reflect Market Performance

By Editors | 22/06/2020

Index stocks with risk warnings will be removed, CDRs and STAR Market stocks will be included, and the timeframe for including newly-listed stocks will be extended.

Market Infrastructure

CSRC to Further Promote Shanghai as International Financial Centre

By Editors | 22/06/2020

The pace of opening up China’s capital market has further accelerated, in spite of the Covid-19 pandemic, CSRC chairman Yi Huiman said at the 12th Lujiazui Forum in Shanghai on Thursday.

Enforcement

CFTC Settles Deutsche Bank Spoofing, Swaps Reporting Cases

By Editors | 19/06/2020

Deutsche Bank will pay $9mn for violating swap data reporting requirements during a system outage, and $1.25mn for spoofing carried out by two Tokyo-based traders.

Enforcement

SFC Publicly Criticises CICC Units for Breaching Takeovers Code

By Editors | 19/06/2020

CICC and CICC Financial Trading – as associates of the CICC securities unit advising on certain offers – dealt in the relevant securities without making timely disclosures.

Securities / Derivatives

CSRC Approves Full JP Morgan Control of Futures Joint Venture

By Editors | 18/06/2020

JP Morgan will boost its stake in the joint venture from 49% to 100%, making it the first fully foreign-owned futures business in China.

Enforcement

High-level Panel Proposes Overhaul of SEBI Enforcement Mechanism

By Editors | 18/06/2020

The panel says intermediary regulations need to be amended to speed up enforcement action, and that SEBI should be granted the authority to seize assets subject to investigation.

Market Infrastructure

HKEX to Launch Sustainable Finance Information Platform, ‘STAGE’

By Manesh Samtani | 18/06/2020

Initially, ‘STAGE’ will host information on the 44 green bonds and two ESG-related ETFs listed in Hong Kong. Over time, it could expand to include equities, overseas products, and derivatives.

Securities / Derivatives

India Launches Delivery-based Gas Trading Platform

By Editors | 18/06/2020

Participants will be able to digitally trade natural gas in both the spot and forward markets, facilitating price discovery and lowering overall gas prices.

Market Infrastructure

Leveraging Technology and Hong Kong’s Unique Position to Manage Risk

By John Killian | 18/06/2020

Hong Kong markets have continued to operate resiliently, due in large part to the emphasis HKEX places on risk management, says Group Risk Officer John Killian.