Securities / Derivatives

Enforcement

SEBI Orders Special Audit of Shuttered Franklin Templeton Funds

By Editors | 03/06/2020

A forensic audit firm has reportedly been tasked with determining whether Franklin Templeton colluded with bond issuers and if conflicts of interest were present at the firm.

Securities / Derivatives

China to Launch Low Sulfur Fuel Oil Futures from 22 June

By Editors | 03/06/2020

The CSRC has granted approval for the Shanghai International Energy Trading Center to launch low-sulfur fuel oil futures trading, including for foreign investors.

Capital / Liquidity

China’s Banks Poses Growing Risks for US Investors: Report

By Editors | 03/06/2020

US savers are increasingly likely to have exposure Chinese banks and their “large volumes of NPLs”, says a report from a US Congressional advisory body.

ESG / Sustainability

China: Clean Coal Projects No Longer Eligible for Green Bond Financing

By Editors | 02/06/2020

The removal of clean coal from the list of eligible projects will make it easier for foreign investors to play a greater role in China’s sustainable debt market.

Securities / Derivatives

US Scrutiny of Chinese Firms a Boon for Hong Kong IPO Market

By Manesh Samtani | 02/06/2020

Nasdaq-listed Chinese companies Netease and JD.com are planning to launch secondary listings in Hong Kong, amid concerns that their US listings could be at risk.

Enforcement

Singapore Authorities Commence Joint Investigation Into Hyflux

By Editors | 02/06/2020

Water treatment firm Hyflux entered the limelight in 2018 when it tried to restructure nearly S$3bn in debt. The company is suspected of breaching disclosure and accounting rules.

Securities / Derivatives

HKEX Continues to Bolster Derivatives Product Ecosystem

By Manesh Samtani | 02/06/2020

HKEX is launching silver futures and four new rupee futures contract months, on top of new derivative products linked to MSCI indices and a new set of exchange-traded products.

Securities / Derivatives

SGX to Launch Single Stock Futures on 15 June

By Editors | 02/06/2020

SGX has observed greater synchronisation and correlation between the price of futures and the underlying stocks, indicating growing institutional participation across both markets.

Capital / Liquidity

Thailand: Parliament Approves $60b Covid-19 Aid Package

By Editors | 02/06/2020

The 1.9tr baht aid package includes additional liquidity for banks to lend to SMEs, and a corporate bond stabilisation fund to provide bridge financing to issuers.