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Category Archives: Regulation & Enforcement

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Asia Pacific Financial News from John Lothian News – December 18, 2017 Standard

Lead Stories Hong Kong Listings Rule Changes Set to Transform Market, Li Says By Benjamin Robertson and Rishaad Salamat – Bloomberg HKEX on Friday proposed allowing dual-class share companies; Profitability requirement for biotech companies also dropped Hong Kong Exchanges & Clearing Ltd.’s proposal to change which companies are eligible to list in the city will boost the pipeline of initial public offerings, according to Chief Executive Officer Charles Li. https://goo.gl/LHtGVH Trump to label China as a strategic ‘competitor’; Beijing accused of pursuing policies of economic aggression to weaken US Demetri Sevastopulo in Washington – FT President Donald Trump will describe…

Asia Pacific Financial News from John Lothian News – December 13, 2017 Standard

Lead Stories Deutsche Bank Says ‘Mrs. Watanabe’ Behind the Surge in Bitcoin By Julie Verhage – Bloomberg Japanese retail investors seen shifting from currency trading; Men actually hold the majority of Japanese trading accounts That term is often used to describe the individual Japanese investor, traditionally a housewife who runs her family’s finances. And that’s who behind the surge in bitcoin, according to a Deutsche Bank AG note Thursday. https://goo.gl/6AgXNz All Chinese Oil Traders Want for Christmas Is a Futures Contract Bloomberg News Speculation growing that domestic contract will be listed soon; Chinese commodities trading has slowed this year, data…

Asia Pacific Financial News from John Lothian News – December 12, 2017 Standard

Lead Stories The Force Behind Bitcoin’s Meteoric Rise: Millions of Asian Investors; Retail investors, mostly in Asia, are pushing the price of bitcoin to new heights By Steven Russolillo in Hong Kong and Eun-Young Jeong in Seoul – WSJ Behind the stunning rise of bitcoin lies a new force in global financial markets: millions of individual Asian investors. https://goo.gl/aYsvDC Bitcoin surge prompts legal bid to remove Mt Gox from bankruptcy; Creditors say 40-fold rise in value means exchange’s assets now dwarf its liabilities Leo Lewis in Tokyo – FT A group of creditors pursuing a potentially vast bitcoin fortune from…

Asia Pacific Financial News from John Lothian News – December 11, 2017 Standard

Lead Stories China’s ethical bonds take it to top spot in green paper league; Country is joint-largest source of issuance, along with France Kate Allen and James Kynge in London – FT Chinese banks are using ethically labelled bonds to refinance existing loans, helping to propel the country to become the world’s biggest issuer of green paper. https://goo.gl/VHPJJr DEUTSCHE BANK: A major financial crisis is almost twice as likely in China as anywhere else in the world Will Martin – Business Insider The probability of a financial crisis starting in China is almost twice as high as in any other…

Asia Pacific Financial News from John Lothian News – December 8, 2017 Standard

Lead Stories From taxis to temples, Alipay’s fast-expanding cashless world; Ant Financial’s empire raises concerns of customer data use by Beijing YUSHO CHO and JOYCE HO, Nikkei HANGZHOU/HONG KONG — To fully understand the changing concept of consumer credit in China, one need look no further than Alipay, the online payment platform operated by e-commerce giant Alibaba Group Holding’s affiliate, Ant Financial Services Group. https://goo.gl/g4SrP9 Automating Asia Pacific’s Liquidity-Sourcing Needs; Firms are on the lookout for the ultimate piece of cutting-edge technology in liquidity that will outshine the competition Ayden Koh – Finance Maganates As the world’s financial products become…

Asia Pacific Financial News from John Lothian News – December 7, 2017 Standard

Lead Stories Coffee Glut Hinges on Whether Top Growers Will Hold Back Sales By Isis Almeida , Mai Ngoc Chau , and Fabiana Batista – Bloomberg Current prices aren’t attractive for growers, ICO’s Sette says; Brazil, Vietnam will need to rebuild stockpiles: RCMA’s Gruber Hoang Thi Thom, a coffee grower in No. 2 producer Vietnam, isn’t keen to sell this year’s harvest. https://goo.gl/QwXo8j Asia to Stay World’s Fastest Growing Region by 2030 Financial Tribune The global economy is continuing its gradual recovery from the financial crisis, with the latest data pointing to a broad-based pickup. However, longer term Asia is…

Asia Pacific Financial News from John Lothian News – December 6, 2017 Standard

Lead Stories ASX selects distributed ledger technology to replace CHESS Reuters Staff Australia’s main bourse ASX Ltd on Thursday said it would replace its existing technology used to record shareholdings and manage the clearing and settlement of equity transactions in Australia, with blockchain developed by its technology partner Digital Asset (DA). https://goo.gl/K4CaCG ASX Selects DLT to Replace CHESS – Media Release 7 December 2017 ASX https://goo.gl/by7MVW China’s financial sector opening raises prospect of talent war Sumeet Chatterjee – Reuters In the last two years, more than 30 global asset managers have been awarded licences to set up wholly-owned units in…

Asia Pacific Financial News from John Lothian News – December 1, 2017 Standard

Lead Stories Trump puts talks to boost China economic ties on ice; Treasury’s David Malpass says Beijing is not liberalising economy as hoped Sam Fleming in New York and Shawn Donnan in Washington – FT Donald Trump’s administration has put its main programme for bolstering economic relations with China on ice as it complains about the two countries’ swollen trade imbalance, and says Beijing’s efforts to liberalise its economy have gone into reverse. https://goo.gl/mgZrfy   What’s in Asia’s New Anti-Terror Financing Group?; A recently formed working group is just the latest step taken by regional states to confront terrorism financing….

Asia Pacific Financial News from John Lothian News – November 30, 2017 Standard

Lead Stories Australian Banks’ U-Turn on Misconduct Probe Is Bid to Cut Risk By Emily Cadman – Bloomberg Government sets up Royal Commission into alleged failings; Tight deadlines, strict terms may limit potential damage If you can’t beat ’em, join ’em. That’s the calculation Australia’s biggest banks and the government have made in deciding to cave in to pressure for a public inquiry into alleged misconduct in the financial industry. https://goo.gl/dqg9pn Is China’s Central Bank Losing Its Monetary-Policy Mojo?; The gap between policy and market interest rates is widening, throwing up challenges for the PBOC By Shen Hong – WSJ…