News Centre

Hong Kong Securities And Futures Commission Welcomes Stock Exchange consultation On Climate-Related Reporting Requirements For Listed Companies

Date 14/04/2023

The Securities and Futures Commission (SFC) announces its support for the public consultation issued today by the Stock Exchange of Hong Kong Limited (SEHK) on proposed climate-related reporting requirements for listed companies in Hong Kong. The consultation is a major step towards aligning Hong Kong with the global baseline for climate-related reporting standards to be published by the International Sustainability Standards Board (ISSB).

SGX RegCo’s Statement On GS Holdings Limited’s Independent Review Report

Date 14/04/2023

Singapore Exchange Regulation (“SGX RegCo”) refers to the Company’s announcement on 14 April 2023, in relation to findings by independent reviewer, Deloitte & Touche Financial Advisory Services Pte Ltd (“Deloitte” or “Independent Reviewer”).

CFFEX: Notice On The Listing And Trading Of 30-Year China Government Bond Futures Contracts

Date 14/04/2023

China Financial Futures Exchange (CFFEX) has officially completed the registration of 30-year China government bond (CGB) futures contracts (the “Contracts”) with the China Securities Regulatory Commission (CSRC) . 

Japan Financial Services Agency hosted Financial Action Task Force (FATF) Virtual Assets Contact Group Meeting In Tokyo

Date 14/04/2023

The FATF’s Virtual Assets Contact Group (VACG) meeting and its private sector outreach were held in Tokyo on April 12th – 14th, hosted by the Japan Financial Services Agency (JFSA). Japan has chosen strengthening AML/CFT/CPF measures for virtual assets as one of the priorities of the Finance Track under its G7 Presidency this year. VACG leads the promotion of global implementation of FATF Standards on virtual assets, including engagements with the private sector.
Officials from 19 jurisdictions and international organizations, including JFSA’s expert serving as a Co-Chair of the VACG, attended the meeting. In addition, as for private sector outreach, approximately 80 private-sector participants (virtual assets service providers, blockchain analytics companies, industry bodies, financial institutions, etc.) from all over the world joined the discussion.

CFFEX: Notice On Information Disclosure Standards For Futures And Options Products

Date 14/04/2023

The standards for identifying active futures contracts and active options contract months in accordance with the Measures of China Financial Futures Exchange on Information Management are as follows:

Monetary Authority Of Singapore: Court Convicts Two Individuals For Insider Trading And Other Offences

Date 14/04/2023

Mr Tay Yew Khem and Ms Hui Choy Leng have been convicted and sentenced to 12 weeks’ imprisonment and 4 months’ imprisonment respectively for insider trading in the shares of Broadway Industrial Group Limited (BIGL), and for other offences under the Securities and Futures Act (SFA) and the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (CDSA). 

CFFEX: Notice On Releasing 30-Year China Government Bond Futures Contract Specifications And Relevant Rules

Date 14/04/2023

China Financial Futures Exchange (the “Exchange”) hereby releases the 30-Year China Government Bond Futures Contract Specifications, the Detailed Trading Rules of China Financial Futures Exchange for 30-Year China Government Bond Futures Contract, the Measures of China Financial Futures Exchange on Risk Control (Revised),  and the Detailed Delivery Rules of China Financial Futures Exchange for China Government Bond Futures Contract (Revised), which have been reported to the China Securities Regulatory Commission (CSRC).

Shanghai Stock Exchange Fully Implements Requirements Of Independent Director System Reform

Date 14/04/2023

On April 14, 2023, the General Office of the State Council issued the Opinions on Reform of the Independent Director System of Listed Companies (hereinafter referred to as the Opinions). The Opinions sets forth systematic reform tasks from eight aspects, including clarifying the responsibilities of independent directors, optimizing the modes of their performance of duty, strengthening the management of their qualifications, improving the system for their selection and appointment, strengthening the guarantee for their performance of duty, tightening supervision and management for their performance of duty, improving the restraint mechanism for their responsibilities, and optimizing the collaborative and efficient internal and external supervision system. It provides important guidelines for promoting the formation of a more scientific and reasonable independent director system.

Statement By The Canadian Deputy Prime Minister And Minister Of Finance After Chairing The Five Finance Ministers Meeting

Date 14/04/2023

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, issued the following statement:

“Today I chaired the first in-person meeting of the “Five Finance Ministers” hosted at the U.S. Treasury, which included my counterparts from Australia, New Zealand, the United Kingdom, and the United States."

Monetary Authority Of Singapore Monetary Policy Statement - April 2023

Date 14/04/2023

INTRODUCTION

1.   In October 2022, MAS tightened its monetary policy for the fifth consecutive time within 12 months. The mid-point of the Singapore dollar nominal effective exchange rate (S$NEER) policy band was re-centred up to the then-prevailing level of the S$NEER near the top of the band. There was no change to the slope and width of the band. Although Singapore’s GDP growth was expected to slow, MAS had assessed that a further tightening of monetary policy was needed to help dampen still-elevated inflation and ensure medium-term price stability.