[Hong Kong] Circular to All Intermediaries - Frequently Asked Questions on Corporate Professional Investor Assessment
SFC Circular, 8 Sep 2020
The Securities and Futures Commission (SFC) has
updated the answer to Question 2 of the FAQs on corporate professional investor
assessment to provide further guidance on the assessment of the corporate
structure and investment process of Corporate Professional Investors, in
particular those investment vehicles owned by family trusts or family offices
that engage investment professionals to manage their investments.
Full text: click here;
Appendix: click here
[Hong Kong] Tentative
issuance schedule for HKSAR Government Bonds under the Institutional Bond
Issuance Programme
HKMA Press Releases, 8 Sep
2020
The Hong Kong Monetary Authority (HKMA), as
representative of the Hong Kong Special Administrative Region Government (HKSAR
Government), published today a tentative issuance schedule for Government Bonds
offered under the Institutional Bond Issuance Programme for the next six-month
period from October 2020 to March 2021. The schedule contains information on,
among others, the tentative tenors, tender dates, issue sizes, issue dates and
method of issuance of individual Government Bonds issues.
Full text: click here
[Singapore] "Act Now
to Transition to SORA" - Keynote Speech by Ms Jacqueline Loh, Deputy
Managing Director (Markets & Development), Monetary Authority of Singapore
MAS Speech, 9 Sep 2020
On 9 September 2020, Ms Jacqueline Loh,
Deputy Managing Director (Markets & Development), delivered a keynote
speech "Act Now to Transition to SORA" at the Association of Banks in
Singapore’s roundtable session on SGD Interest Rate Landscape Changes.
Full text: click here
[Singapore] MAS to Step
Up 'Supervisory Engagement' to Ensure Banks Meet Sora Transition Timelines
Business Times, 10 Sep
2020
THE Monetary Authority of Singapore (MAS)
will be stepping up supervisory engagement to ensure that banks in the Republic
are well-prepared to transition from Swap Offer Rate (SOR) - a key interest
rate benchmark - to the Singapore Overnight Rate Average (Sora) by the end of
2021, said a top official. MAS will expand its inaugural S$500 million Sora
floating-rate notes issuance following the "strong market response",
through increasing the issuance sizes and lengthening the range of tenors to encourage
market participants shift from a SOR-based market to Sora-based market. In
addition, guidance on specific deadlines to cease the usage of SOR in new
financial products will be outlined by MAS and the steering committee in
October this year.
Full text: click here
[China] 1st Wholly
Foreign-owned Money Brokerage Firm in Mainland Opens
China Daily, 9 Sep 2020
China has given the green light to
Tokyo-based Ueda Yagi Tanshi to establish the first wholly foreign-owned money
brokerage in the mainland amid China's efforts to further open up its financial
sector to foreign investors.
Full text: click here
