News Centre

Hong Kong Securities And Futures Commission Concludes Consultation On Amendments To Enforcement-Related Provisions Of The Securities And Futures Ordinance

Date 08/08/2023

The Securities and Futures Commission (SFC) today published consultation conclusions on proposed amendments to enforcement-related provisions of the Securities and Futures Ordinance (SFO).

Circular On Self-Regulatory Measures Taken By CFFEX In July 2023

Date 08/08/2023

To prevent market risks, maintain orderly operation of the market and protect investors’ legitimate rights and interests, China Financial Futures Exchange (CFFEX) took the following self-regulatory measures against violations of exchange rules in July 2023.

Monetary Authority of Singapore Response To Media Queries On OCBC's Security Feature

Date 08/08/2023

MAS strongly supports banks' initiatives to bolster the security of digital banking.

Circular On Self-Regulatory Measures Taken By CFFEX In July 2023

Date 08/08/2023

To prevent market risks, maintain orderly operation of the market and protect investors’ legitimate rights and interests, China Financial Futures Exchange (CFFEX) took the following self-regulatory measures against violations of exchange rules in July 2023.

Shenzhen Stock Exchange Earnestly Implements The Opinions On The Reform Of The Independent Directors System And Revises The Supporting Self-Regulation Rules

Date 08/08/2023

On August 4, 2023, the China Securities Regulatory Commission (“CSRC”) released the Measures for the Management of Independent Directors of Listed Companies. In accordance with the unified deployment of the CSRC, Shenzhen Stock Exchange (“SZSE”) issued the newly revised supporting self-regulation rules for the reform of the independent directors system (hereinafter referred to as the “Revised Rules”) on the same day, which will take effect on September 4, 2023.

The First Marine Technology Innovation Corporate Bonds (Blue Bonds) Issued On Shenzhen Stock Exchange Under The Mode Of “Central-Local Cooperation-Based Credit Enhancement”

Date 08/08/2023

Recently, China Tianying Inc. issued the 23 TY GK private placement bonds with the mode of “Central-Local Cooperation-based Credit Enhancement”, which are the first marine technology innovation corporate bonds (blue bonds) issued on SZSE by a private enterprise. This is a practical measure of SZSE to conscientiously implement the Opinions on Promoting the Development and Growth of Private Economy issued by the CPC Central Committee and the State Council and the arrangements and requirements of China Securities Regulatory Commission (CSRC).

Taking Action To Improve Ideological Awareness Shenzhen Stock Exchange Investor Education Base Creates A Business Card For Considerate Services

Date 08/08/2023

Adhering to the concept of “extensive investor protection” and following the principle of “valuing, revering and protecting investors”, SZSE takes multiple measures simultaneously, focuses on practical work, and actively carries out various activities on considerate services for investor education so as to strive to create the business card for considerate services and constantly improve investors’ sense of gain and satisfaction. This is a move of carrying out the education on the theme of learning and implementing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, conscientiously implementing the spirit of the 20th CPC National Congress and the spirit of the Central Economic Work Conference, and endeavoring to achieve practical results to cast the soul, increase intelligence, improve conduct, and promote work through learning. In the first half of 2023, the brick-and-mortar SZSE Investor Education Base were visited 314 times by batches of investors and had a total of more than 7,000 person-times reception., while the Internet-based investor education base released a total of 272 pieces of series of original products for investor education, with over 50 million webpage views. Both types of investor bases got an excellent result in annual evaluation and assessment.

Maintaining A Strong Focus On Enforcing The Law - Opening Address By ASIC Deputy Chair Sarah Court At The General Counsel Summit, 7 August 2023

Date 08/08/2023

KEY POINTS

• ASIC’s enforcement priorities for 2023 include greenwashing, targeting the poor design and distribution of financial products, pricing promises in insurance, protecting financially vulnerable consumers from predatory lending practices or high-cost credit, and directors’ duties and governance failures.
• This speech outlines how ASIC is delivering against those priorities.
• General counsel can be pivotal to whether a significant matter is able to be effectively resolved with a regulator, or not.

Shenzhen Stock Exchange Solicits Public Comments On The Implementing Rules For The Share Reduction Through Inquiry Transfer Or Placement By Shareholders Of ChiNext Companies

Date 08/08/2023

SZSE drafted the Self-regulation Guidelines for Listed Companies No.16 - Sale of Stocks through Inquiry Transfer or Placement by Shareholders of the Companies Listed on the ChiNext Board (Exposure Draft) (hereinafter referred to as the “Guidelines”). This is aimed to guide the shareholders of ChiNext companies to transfer their shares in an orderly manner according to the law, introduce more professional institutional investors, better balance the demands of shareholders and the protection of the interests of small and medium-sized investors, thus maintaining the healthy and stable development of the ChiNext market. The Guidelines clarifies the mechanism arrangements for ChiNext company shareholders’ share reduction via inquiry to specific institutional investors and placement to original shareholders having preemptive rights. It is now open to public comments.

ASIC Extends Transitional Relief For Foreign Financial Services Providers

Date 08/08/2023

ASIC is extending for a further 12 months the transitional relief for foreign financial services providers (FFSPs) from the requirement to hold an Australian financial services (AFS) licence when providing financial services to Australian wholesale clients.