Nasdaq

Securities / Derivatives

CSRC Mulls Tighter Listing Rules for STAR Market Stocks

By Ranamita Chakraborty | 15/03/2021

The revised rules are expected to emphasise the technology credentials and financial health of companies seeking a listing on the STAR Market.

Securities / Derivatives

KRX to Ease Requirements for Listing on KOSPI

By Sanday Chongo Kabange | 12/02/2021

The new rules are expected to facilitate the realisation of the “Korean version of Tesla”, the US automaker which listed on the Nasdaq in 2010 based on market cap.

Enforcement

Luckin Coffee Files for Bankruptcy to Facilitate Restructuring

By Editors | 08/02/2021

Luckin said it will continue to pay suppliers, vendors and employees while it negotiates with its stakeholders regarding a restructuring of its financial obligations.

Sanctions

HKMA May Replace State Street as Manager of Tracker Fund

By Editors | 13/01/2021

State Street will no longer be able to buy shares in companies sanctioned by the US, including China Mobile and China Unicom.

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

UPDATED – NYSE Commences, Then Halts Delisting of Chinese Companies

By Editors | 05/01/2021

NYSE will no longer delist the ADRs of China Telecom, China Mobile and China Unicom “in light of further consultation with relevant regulatory authorities”.

AML / KYC

OFAC Extends Chinese Military Company Ban to Subsidiaries

By Editors | 03/01/2021

In a set of FAQs, OFAC has clarified that Executive Order 13959 also applies to subsidiaries, derivatives, ETFs, index funds and mutual funds.

Securities / Derivatives

NYSE Gets SEC Green Lights to Allow Direct Listings

By Editors | 29/12/2020

Companies will be able to directly sell shares in an auction without a traditional underwriter, enabling investors to participate in new listings more readily.

Enforcement

US SEC Settles Luckin Coffee Fraud Charges for $180m

By Editors | 17/12/2020

Luckin materially misstated its revenue, expenses, and net operating loss to falsely appear to achieve rapid growth and increased profitability, the SEC said.