United States

Market Infrastructure

US State Dept Declares Hong Kong No Longer Autonomous

By Manesh Samtani | 27/05/2020

The move puts at risk the special status under US law Hong Kong has enjoyed since 1992, jeopardising billions of dollars worth of trade and investment.

Market Infrastructure

CSRC Urges US to Avoid Politicising Securities Regulation

By Editors | 25/05/2020

The CSRC has responded to a US bill that could subject the 233 Chinese companies listed in the US to PCAOB oversight in their audits, or delisting for noncompliance.

Enforcement

CSRC Accuses Guangdong Fund Manager of Lying to Investors

By Editors | 24/05/2020

Guangdong-based Cornerstone Management reportedly lost 70% in two funds after promising a minimum 8% annual return.

Securities / Derivatives

New US Law Could Force Chinese Companies to De-list

By Editors | 21/05/2020

New legislation passed in the US Senate will require companies to submit to an audit that can be reviewed by the PCAOB, and de-list firms that at noncompliant for three years.

Enforcement

New Listing Rules at Nasdaq to Impede Chinese IPOs – Reports

By Editors | 19/05/2020

Nasdaq will put a minimum $25mn value on the size of IPOs, making it harder for some Chinese firms to pursue a listing. A delisting notice has been filed against Luckin Coffee.

Market Infrastructure

DTCC Explores Further Digitalisation in Public & Private Markets

By Editors | 19/05/2020

Project Ion seeks to further optimise the settlement process in public markets. Project Whitney explores the use of asset tokenisation and digital infrastructure to support private markets.

ESG / Sustainability

Nasdaq Launches Service to Track ESG Impact of Investments

By Editors | 18/05/2020

‘ESG Footprint’ helps investors track a wide range of sustainability criteria, including carbon footprint, board diversity and companies flagged for human rights issues.

Securities / Derivatives

Sri Lankan Bourse Reopens to Trading Halts After 7-week Haitus

By Editors | 14/05/2020

The Colombo Stock Exchange opened for trading for the first time in seven weeks on Monday, triggering trading halts on its new circuit breaker mechanism.

Securities / Derivatives

Trump Orders Federal Pension Fund to Halt Plans to Invest in China

By Editors | 13/05/2020

The Federal Retirement Thrift Investment Board had planned to benchmark its international exposures to an MSCI index that would channel up to $4.5bn into Chinese equities.