China cracking down on market abuse by listed companies

China is taking a zero-tolerance stance towards financial fraud, insider trading and market manipulation, warned Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC) at a national investor protection day event.

Ashley Alder to lead SFC for three more years from September

Ashley Alder, the CEO of the Securities and Futures Commission (SFC), who was due to step down in September, will stay in charge for another three years, according to the Hong Kong government.

Matt Chan

Diverging approaches to IFRS 9 loan provisioning raise APAC fragmentation fears

Although there are common themes among approaches, Asia-Pacific regulators have been pursuing their own measures for how banks should provision for bad loans under IFRS 9, raising fears of further fragmentation. By Victor Smart 

Hong Kong’s financial hub status in question after US comments

Threats from the US to end Hong Kong’s special trading status pose a potential long-term threat to the city’s role as a global financial centre. By Justin Pugsley.

SFC takes action to ensure continued integrity of Hong Kong’s markets

Following extreme bouts of market volatility, the Hong Kong Securities and Futures Commission (SFC) said it is pursuing a flexible approach so that markets continue to function properly, while safeguarding market integrity and investor protection.

Hong Kong skyline

Surge in ESG initiatives threatens transition to sustainable economy

An explosion in ESG initiatives across the world is threatening the very goal they are trying to achieve, namely the move towards a more sustainable economy 

China makes renewed cash injection into banking system to reboot economy

In a bid to restart the Covid-19 impacted Chinese economy, the People’s Bank of China (PBoC) said on March 30, that it is injecting 50bn yuan ($7bn) into the banking system. 

Hong Kong regulators consult on adding eight firms to OTC derivatives clearing regime

Hong Kong regulators consult on adding eight additional entities to the Financial Services Providers (FSP) list under for the over-the-counter (OTC) derivatives clearing regime.

PBoC readying new laws to launch digital currency

The People’s Bank of China (PBoC) is a step closer to launching a central bank digital currency (CBDC) having completed, with the help of private companies, many of the technical functions to support it. 

China coronavirus

Coronavirus resurrects China’s bank NPL concerns

To help offset the economic damage from the coronavirus outbreak, Chinese regulators said they will tolerate a rise in bad debt in the banking system, which is seen as suspiciously low by some.