News Centre

Monetary Authority Of Singapore Lifts Dividend Restrictions On Local Banks And Finance Companies

Date 28/07/2021

The Monetary Authority of Singapore (MAS) today announced that dividend restrictions on locally-incorporated banks and finance companies headquartered in Singapore (Local Banks and Finance Companies) will not be extended.

Shanghai Stock Exchange Takes Multiple Initiatives To Support Henan Region In Coping With Extraordinary Rainstorm And Post-Disaster Reconstruction

Date 28/07/2021

Recently, the serious casualties and property losses in Henan's heavy rains has pulled at the heartstrings of the people across the country. The Shanghai Stock Exchange (SSE) has resolutely implemented General Secretary Xi Jinping's important instructions for flood control and disaster relief. In response to the unified deployment of the Party Committee of the China Securities Regulatory Commission (CSRC), the SSE has taken multiple supportive measures for Henan Province to deal with the catastrophic rains and handle reconstruction, such as cost cuts and exemptions for market entities and optimization of market services.

UK Reports £5.7m In Cyber Crime Financial Loss So Far This Year – With One Third Coming From Businesses

Date 28/07/2021

• From the start of 2021, the UK has reported a total of 14,883 instances of cyber crime, with the total losses of £5.7m
• Despite 90% of offences being made against the public, UK businesses have reported £1.9M of losses - a third of the total figure
• Offences involving hacking, social media and email account for 6.3k of reported incidents
• Primary targets for cyber crime appear to be tech-savvy individuals under 40

Saxo Bank Wins Best Prime-Of-Prime Broker And Best Retail FX Platform At The FX Markets e-FX Awards 2021

Date 28/07/2021

Saxo Bank is proud to announce that, for the second year running, it has won the “Best Retail FX platform” and the “Best Prime of Prime Broker” in the prestigious e-FX Awards organised by FX Markets.

Osaka Exchange And Tokyo Commodity Exchange: Go-Live Date Of J-GATE3.0

Date 28/07/2021

Osaka Exchange, Inc. and Tokyo Commodity Exchange, Inc. have been preparing for the launch of next-generation derivatives trading system (J-GATE3.0) to expand market liquidity and further improve reliability and convenience for investors, trading participants, and other market users. Based on the progress of our preparations, we hereby announce that J-GATE3.0 will go-live on Tuesday, September 21, 2021, which has been set as schedule.

SEBA Bank Appoints Sam Lin As Chief Executive Officer Asia To Strengthen APAC Presence

Date 28/07/2021

• Senior leadership appointment to complement headcount growth in Singapore and Hong Kong hubs and solidify status as regional leader in digital asset banking
• Appointment adds deep domain expertise in investment banking as well as the development and implementation of financial technology solutions.
• Lin to leverage prior experience in taking financial technology company public to grow SEBA Bank’s APAC presence and operations

Hong Kong Securities And Futures Commission Statement On Next Digital Limited

Date 28/07/2021

The Securities and Futures Commission (SFC) notes the appointment by the Financial Secretary under the Companies Ordinance of an inspector to investigate the affairs of Next Digital Limited.

Shanghai International Energy Exchange (INE) Releases an Announcement On The Adjustment Of The Settlement Price For Low Sulfur Fuel Oil Futures LU2108 Contract

Date 28/07/2021

Shanghai International Energy Exchange (INE) releases an announcement on the Adjustment of the Settlement Price for Low Sulfur Fuel Oil Futures LU2108 Contract , as shown below:

MNI China Liquidity Index™ – Rises To 46.0 In July

Date 28/07/2021

Key Points – July Report

Liquidity tightened modestly in July, despite the People’s Bank of China’s surprise RRR cut, the latest MNI Liquidity Conditions Index shows.

TIE Kinetix Delivers Electronic Invoicing Solution To Rabobank

Date 28/07/2021

TIE Kinetix (Euronext: TIE) announced today that they have entered a five-year contract with the second largest Dutch bank, Rabobank, to facilitate 100% supply chain digitalization with their FLOW Partner Automation platform. The initial contract size exceeds €500,000 and includes a phased onboarding approach to enable electronic invoicing with approximately 23,000 suppliers.