Nasdaq

Enforcement

SEC Opens Fraud Investigation Into Chinese Streaming Service iQiyi

By Sanday Chongo Kabange | 17/08/2020

The investigation into follows an April report from Wolfpack Research alleging Nasdaq-listed iQiyi inflated its revenue, user numbers and expenses.

Enforcement

Chinese Regulators Complete Luckin Probe, Confirm Fraud

By Editors | 04/08/2020

The Ministry of Finance and State Administration for Market Regulation both intend to impose administrative penalties against Luckin Coffee for fraud.

Securities / Derivatives

SGX Posts Strong Growth, Signals New Acquisitions, Derivatives

By Manesh Samtani | 02/08/2020

SGX is looking to develop into a hub for trading bonds, foreign exchange, commodities and derivatives, as it pivots away from being a pure equity exchange.

Securities / Derivatives

SGX, Nasdaq Agree to Streamline Dual Listing Process

By Editors | 21/07/2020

Under the agreement, information previously filed with the US SEC or Nasdaq can be used to fulfil documentary requirements for a dual listing in Singapore.

Securities / Derivatives

New Bill Could Ban Some Chinese Firms from US Capital Markets

By Editors | 06/07/2020

The bill would reportedly seek to ban Chinese companies that engage in spying or human rights abuse, or support China’s military or industrial policy.

Enforcement

Luckin Coffee Abandons Plans to Appeal Nasdaq Delisting

By Editors | 29/06/2020

A hearing with Nasdaq Hearings Panel was scheduled for Thursday but Luckin withdrew its request a day before.

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.

Enforcement

Luckin Coffee Chairman Likely to Face Criminal Charges – Report

By Editors | 08/06/2020

The CSRC and Ministry of Finance have reportedly found new email evidence indicating that chairman Lu Zhengyao instructed his colleagues to commit fraud.

Market Infrastructure

Chinese Regulators Respond to US Threat Against Hong Kong

By Manesh Samtani | 08/06/2020

The PBOC and CBIRC have offered assurances that Hong Kong’s status as an international financial centre will not be jeopardised under the new national security law.