News Headlines
[Hong Kong] Market
Misconduct Tribunal sanctions China Medical & HealthCare Group Limited and
its directors for late disclosure of inside information
SFC News, 12 May 2021
The Market Misconduct Tribunal has fined
China Medical & HealthCare Group Limited, formerly known as COL Capital
Limited, and six of its former and current directors a total of $4.2 million
for failing to disclose inside information as soon as reasonably practicable
following proceedings brought by the SFC. COL and the six
sanctioned directors admitted that the information relating to the profits made
from COL’s position in ChinaVision Media Group Limited, now known as Alibaba
Pictures Group Limited, the overall profit figures for March 2014 and the
profit for the nine months ended March 2014, as well as significant gains from
COL’s investment trading in the shares of ChinaVision, came to their knowledge
in April 2014. However, the information
was not made public until 10 September 2014 when a positive profit alert was
published in relation to the company’s financial performance for the year ended
30 June 2014.
Full text: click here
[Hong Kong] Revised banking
returns and disclosure templates/tables for implementation of revised
counterparty credit risk framework, etc.
HKMA Circular, 12 May
2021
The HKMA would like to inform authorized
institutions that HKMA have finalised the revised templates and completion
instructions (“CIs”) of the Return of Capital Adequacy Ratio (Form MA(BS)3) and
the Return of Assets and Liabilities (Form MA(BS)1). The electronic files for
the two revised Returns and their accompanying CIs are available for
downloading from the HKMA’s supervisory communication website. Reporting
institutions should submit the two revised Returns to the HKMA, via the STET
system, starting from the position as of 30 June 2021.
Full text: click here;
Encl (1): click here;
Encl (2): click here;
Encl (3): click here;
Encl (4): click here;
[Hong Kong] Competence Assessment for Money Service
Operators - Sample Questions
C&ED Circulars, 12 May 2021
To
tie in with the implementation of the Competence Assessment for money service
operators, the Customs and Excise Department (“C&ED”) compiled a set of
sample questions for reference by the licence applicants and licensees so that
they can fully grasp the mode and scope of the Assessment.
Full
text: click here; Sample questions: click here
[Singapore] Consultation
Paper on Proposed AML Notices for Cross-Border Business Arrangements of Capital
Markets Intermediaries under Proposed Exemption Frameworks
MAS Regulation, 12 May
2021
This consultation seeks comments on the
draft Notices setting out the proposed anti-money laundering and countering the
financing of terrorism requirements under both the proposed Branch Framework
and notified FRC framework.
Full text: click here
[Singapore] Notice on
Supervision of Market Participants (SFA 02-N02)
MAS News, 12 May 2021
This Notice sets out the requirements for
Recognised Market Operators in terms of participant compliance with business
rules and Part XII of Securities Futures Act, participant access to markets,
and notifications in relation to disciplinary actions taken against a
participant.
Full text: click here
[PRC] China central bank
mulls tools to cut carbon emissions
China Daily, 12 May 2021
The People's Bank of China will introduce
financial instruments to help cut carbon emissions amid the country's broader
green transition efforts. The central bank will guide financial institutions to
step up support for technological innovation, small and medium-sized
enterprises and green development, it said in a quarterly report on monetary
policy implementation.
Full text: click here
[Singapore] Singapore-listed ETF assets jump nearly 70% year-on-year
in April as bonds soar
Asia
Asset Management News, 13 May 2021
Singapore-listed exchange-traded fund (ETF)
assets under management jumped 67.27% year-on-year as of end-April as bonds
soared, offsetting a sharp decline in equities funds.
Full text: click here
Articles/ Publications
Nasdaq
Webinar on the semiconductor industry
Asia
Asset Management, 13 May 2021
Joyce
Ip, Head of APAC, Nasdaq Indexes and Mark Marex, CFA, Index Research & Development
Specialist of Nasdaq Investment Intelligence introduced top drivers of growth
in the semiconductors industry and PHLX Semiconductor Sector Index in this webinar.
Video:
click here
