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“How The Financial Advisory Industry Can Serve Customers Better With 3 ‘T’s – Technology, Training And Trust” – Opening Address By Mr Kee Rui Xiong, Executive Director, Corporate Finance & Disclosures Department, Monetary Authority Of Singapore, At The FPAS Global Conference On 16 October 2023

Date 17/10/2023

It is my pleasure to join you today at the Financial Planning Association of Singapore (FPAS) Global Conference. I am glad to see representatives from across the global CFP network here to discuss the major trends in the financial planning landscape.

Shenzhen Stock Exchange Releases SZSE 50 Index, Highlighting Its Industrial Advantages Of “Superior Innovation And High Growth” And Promoting The Index Investment Development

Date 17/10/2023

On October 13th, Shenzhen Securities Information Co., Ltd. (hereinafter referred to as Shenzhen Securities Information), a wholly-owned subsidiary of SZSE, announced that it will release the SZSE 50 Index (referred to as SZSE 50, code 399850) on October 18th. As an important measure taken by SZSE to increase the supply of high-quality indices and meet investors’ demand for index investment, SZSE 50 is aimed to further enrich the investment targets of high-quality enterprises, channel resources to the leading enterprises in key areas of the country, and introduce capital liquidity to the real economy.

Indian VC Investments Nosedive By 70.4% YoY To $5.5 Billion During Q1-Q3 2023, Reveals GlobalData

Date 17/10/2023

Indian venture capital (VC) funding landscape has been experiencing subdued activity both in terms of deal volume and volume in 2023. A total of 811 VC funding deals worth $5.5 billion were announced in the country during the first three quarters (Q1-Q3) of 2023. This represents a year-on-year (YoY) decline of 42.3% in terms of VC funding deals volume and a massive 70.4% in term of disclosed funding value, according to GlobalData, a leading data and analytics company.

Shanghai International Energy Exchange Has Released Its Circular On The Adjustment Of Transaction Fee For Containerized Freight Index (Europe Service) Futures Contracts

Date 17/10/2023

Shanghai International Energy Exchange has released its circular on the adjustment of transaction fee for containerized freight index (Europe service) futures contracts as follows:

FIMM Annual Conference: FIMMAC 2023 Theme: “Reflect; Relevance; Resilience Keynote Speech By Datuk Kamarudin Hashim, Managing Director, SC Malaysia On Tuesday, 17 October 2023 @ 9:15am At Grand Summit, Level M1, The Vertical, Bangsar South, Kuala Lumpur

Date 17/10/2023

In in his keynote address, Datuk Kamarudin Hashim, Managing Director of the SC stated that the asset management industry’s significant contribution to the Malaysian capital market in widening ownership of assets and generating returns on long-term savings has contributed to the industry’s growth. This is reflected in more than 11 times growth in assets under management to RM906.5 billion in 2022 from RM79.8 billion in 2003.

VC Funding By China Startups Down By 25.6% YoY To $32.2 Billion In Q1-Q3 2023, Reveals GlobalData

Date 17/10/2023

A total of 2,417 venture capital (VC) funding deals were announced in China during the first three quarters (Q1-Q3) of 2023 while the disclosed funding value of these deals stood at $32.2 billion. Meanwhile, both deal volume and value witnessed decline during Q1-Q3 2022 compared to Q1-Q3 2022, finds GlobalData, a leading data and analytics company.

CFTC Commissioner Johnson To Participate In A Centennial Celebration Fire Side Chat For Academy Of Legal Studies In Business

Date 16/10/2023

CFTC Commissioner Johnson To Participate On A Panel At The Export-Import Bank Of The United States 2023 Annual Conference

Date 16/10/2023

Collaborate To Compete: Why We Must All Embrace A Growth Mindset, Speech By Nikhil Rathi, Chief Executive, UK Financial Conduct Authority, Delivered At The City Dinner, Mansion House

Date 16/10/2023

Highlights

• Industry, government and regulators all want to boost the UK’s competitiveness. To achieve this, we need to work together on a long-term vision, not short-term tactics which is why we have been a standard-bearer for innovation and regulation around the world.
• Industry wants an effective and efficient regulator which is why we have focused on bringing down our authorisations times and investing in our digital capabilities and infrastructure.
• Our proposals for listings and asset management reforms are designed to enhance our competitiveness, reduce complexity and unleash capital for growth.
• We must take a balanced view of risk: let us not be so afraid of failure that will stifle innovation.

SEC Obtains Emergency Relief To Halt Nearly $130 Million Fraud Targeting Indian American Community

Date 16/10/2023

The Securities and Exchange Commission today announced that it obtained a temporary restraining order, asset freeze, and other emergency relief to halt an ongoing fraud targeting the Indian American community that has raised nearly $130 million since April 2021. The fraud is allegedly being conducted by Nanban Ventures LLC, its three founders Gopala Krishnan (aka GK), Manivannan Shanmugam, and Sakthivel Palani Gounder (collectively, Founders), and three other entities that the Founders control.