Securities / Derivatives

Securities / Derivatives

The Hong Kong-China Stock (Dis)Connect

By Peter Guy | 20/07/2018

The battle for large cap tech listings between HKEX and mainland exchanges ignited over Xiaomi this week, indicating that China’s strategic goal might be to prevent home-grown, multi-billion dollar “unicorn” companies from seeking listings on any overseas markets – including Hong Kong.

Securities / Derivatives

China Bourses Agree on Plan to Allow Trading in HK-Listed Dual Class Shares

By Manesh Samtani | 19/07/2018

HKEX, SSE, SZSE to set up joint working group to formulate supplementary rules for including dual class shares in Stock Connect southbound trading, following ‘special stability trading period’.

Enforcement

Korea Exchange to Boost Monitoring of Short Selling

By Garima Chitkara | 19/07/2018

KRX will launch punitive action for breach of short selling norms by Goldman Sachs and boost its monitoring of improper short selling.

AML / KYC

SFC Goes Live with Amended Professional Investor Rules

By Manesh Samtani | 19/07/2018

Holding companies of existing qualified professional investors will gain status as professional investors; intermediaries must obtain confirmation that their shareholders are notified of the change.

Market Infrastructure

SEBI Proposes New Rules for Auditors, Other Fiduciaries

By Manesh Samtani | 19/07/2018

Under the new proposals, fiduciaries providing false information in audit or valuation reports will face stringent penalties, including bans from securities markets and forced repayment of any gains deemed unlawful.

Securities / Derivatives

HK Exchange Publishes Structured Products Listing Guide

By Manesh Samtani | 18/07/2018

Guide provides clearer framework and timelines to facilitate more efficient introduction of new structured products.

Enforcement

MUFG Brokerage Unit Primary Dealer Status Suspended

By Manesh Samtani | 17/07/2018

Dealer found to be manipulating prices in JGB futures trading, resulting in one-month suspension of the firm’s primary dealer status for one month.

Securities / Derivatives

Thailand to Expand Collateral Allowed for Margin Trading

By Manesh Samtani | 16/07/2018

The SEC is consulting on allowing debt instruments, government securities, and mutual fund units as collateral for margin accounts at securities firms.

Securities / Derivatives

China Blocks Southbound Access to Dual-Class Stocks

By Manesh Samtani | 16/07/2018

Shanghai and Shenzhen bourses release joint statement barring domestic investors from trading in foreign companies, stapled securities and stocks with weighted voting rights structures listed in Hong Kong.