Korea's number one state owned bank, Korea Development Bank (KDB) made some history as announced first by the Korea Times. The bank became the first Korean lender qualified to raise yuan offshore to invest in onshore capital markets in China, the policy bank said Sunday. KDB per the Korea Times says it wants to invest…
Read moreChina puts into action requirements for foreign firms to settle foreign exchange forward yuan positions in the onshore market, the country's foreign exchange trading platform, operated by the central bank, said in a statement on Wednesday. Foreign firms will need to set aside 20% of the previous month's yuan forwards settlement amount as foreign exchange…
Read moreIt was just officially announced that on June 25, 2016, Mr. Liu Shiyu, Chairman of China Securities Regulatory Commission (CSRC) and Mr. Sergey Shvetsov, First Deputy Governor of the Bank of Russia signed a Memorandum of Understanding (MOU) regarding cooperation on financial and capital markets in Beijing. This MOU substitutes the MOU between China Securities…
Read moreTMX Group and Shanghai Clearing House (SHCH) today announced the signing of a Memorandum of Understanding (MoU) to establish a cooperative relationship to share information with respect to each other's businesses and explore opportunities for collaboration. Under the terms of the MoU, TMX Group and SHCH will form a working group to evaluate joint business…
Read moreThe Warsaw Stock Exchange and Haitong Bank today announced they have signed a cooperation agreement. In order to support both parties development, the agreement provides for mutual exchange of information about the prevailing situations on the capital markets in which both institutions operate. The WSE also signed a similar agreement with CSAHK – Chinese Securities…
Read moreICAP plc (LON: IAP), a leading markets operator and provider of post trade risk mitigation and information services, announces today that China Foreign Exchange Trade System (CFETS), China’s official inter-bank market trading platform and infrastructure provider, has chosen ICAP to deliver the underlying technology for fixed income and Forex electronic execution services in mainland China.…
Read moreHong Kong financial startup 8 Securities announced today that customers can trade over 15,000 US, HK and China H shares and index funds for $0 commission. "Our technology has reduced our cost to execute a trade to almost $0 so we are simply passing that savings on to our customers," said Mikaal Abdulla, CEO of…
Read moreLondon Stock Exchange today saw the second RMB denominated government bond of a non-Chinese issuer admitted to trading on its markets. The Hungarian Government mandated the Bank of China to arrange an RMB denominated three year sovereign bond of RMB 1 billion as part of a wider initiative to boost links and commerce between Hungary…
Read moreChina Securities Regulatory Commission (CSRC) on Friday argued against a media report alleging it has drafted a blacklist of 30 to 40 companies targeted for delisting. CSRC spokesman Deng Ge sought to refute the allegations. According to Xinhua, he stated: "The report is seriously inconsistent with the facts. Stock exchanges are the ones responsible for…
Read moreAfter turbulence rattled Chinese stock market early this year, first forcing the implementation and then the suspension of a circuit breaker mechanism, the nation's securities regulator has updated on the potential use of the controversial mechanism. Liu Shiyu, Chairman of the China Securities Regulatory Commission (CSRC), was quoted by Xinhua as saying that China will not…
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