Daily News Headlines

  • Daily News Headlines – 3 Jul 2020

    SFC commences false trading prosecution against retail investor

    SFC, 2 Jul 2020

    The Securities and Futures Commission (SFC) today commenced criminal proceedings at the Eastern Magistrates’ Court against Mr Ke Wen Hua for alleged false trading in the shares of Carry Wealth Holdings Limited on 4 September 2012.

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    SFC publishes review of SEHK’s performance in regulating listing matters

    SFC, 2 Jul 2020

    This report summarises the key findings and recommendations of the Securities and Futures Commission’s (SFC) 2019 review regarding the performance of The Stock Exchange of Hong Kong Limited (Exchange or SEHK as the case may be) in its regulation of listing matters.

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    SFC tells stock exchange to improve Chinese Wall

    The Standard, 3 Jul 2020

    The Securities and Futures Commission has told the Stock Exchange of Hong Kong to improve its "Chinese wall" protocols among other changes to better manage potential conflicts of interest.

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    Joint MAS-ESG-ACRA-ABS Response to Queries on Commodity Financing Standards in Singapore

    MAS, 2 Jul 2020

    The Monetary Authority of Singapore (MAS), Enterprise Singapore (ESG), Accounting and Corporate Regulatory Authority (ACRA) and the Association of Banks in Singapore (ABS) affirm the industry efforts to enhance commodity financing standards in Singapore. Banks are taking a collaborative approach to develop a set of best practices for the commodities industry and will be consulting the trading companies. This will strengthen Singapore’s resilience, relevance and competitiveness as a global commodities trading hub.

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    Banks in Singapore to tighten commodity financing practices after collapse of oil trader Hin Leong

    Strait Times, 3 Jul 2020

    Commodity trade financiers in Singapore are teaming up to improve lending practices and transparency after a spate of defaults. "These practices will strengthen banks' lending standards and facilitate continued lending to trading companies," Ho Hern Shin, assistant managing director, banking and insurance, at the MAS, said in the statement on Thursday.

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