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Category Archives: Regulation & Enforcement

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

Lead Stories Iron wars break out as Hong Kong picks fight with Singapore Bloomberg Call it the iron ore wars. Two of Asia’s financial heavyweights are going head-to-head as Hong Kong Exchanges & Clearing starts futures for a commodity that’s seen extraordinary volatility and been a popular way to bet on China, challenging Singapore Exchange’s leading position. https://goo.gl/hkpBcL Lagarde Sees Confidence in China’s Plan to Open Financial System By Michael Heath and Haslinda Amin – Bloomberg IMF chief says China is taking action to rein in credit growth; Globalization, technology benefits ‘must flow to all’: Lagarde China’s plan to ease…

Asia Pacific Financial News Standard

Lead Stories Xi, Trump Offer Dueling Visions of Globalization at Asia Forum Peter Martin, Jennifer Jacobs and Justin Sink – Bloomberg The two leaders speak in back-to-back addresses in Vietnam; Trump says play by the rules, Xi says get on the China train Chinese President Xi Jinping and U.S. President Donald Trump laid down starkly contrasting visions for Asia’s future Friday, with Xi pledging a new era of globalization propelled by his nation’s economic might as Trump offered America’s largess only to those who play by his rules. https://goo.gl/79PXdD China’s Path Toward Opening Up its Financial System Bloomberg News Since…

Asia Pacific Financial News from John Lothian News – November 9, 2017 Standard

Lead Stories China approves interbank bond derivatives trade for overseas investors Reuters Staff China’s central bank said on Thursday that foreign investors would be permitted to trade in bond derivatives in the country’s interbank market. https://goo.gl/CFXzx8 2 Chinese investors drop out of bid for Chicago Stock Exchange Nereida Moreno – Chicago Tribune Two of the three China-based bidders for the Chicago Stock Exchange have withdrawn from a group trying to acquire the market, officials said Wednesday. https://goo.gl/pE3kpk Former Bitcoin King Is Bankrupt—And He Could Get Rich Again; Rise in cryptocurrency’s price means former CEO of exchange could be in for…

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

Lead Stories Trump Hunts for Trade Deals in Asia No trophies so far, as North Korea and other issues dominate the first stage of the president’s journey. By Peter Coy , Enda Curran , and Justin Sink – Bloomberg Donald Trump’s withdrawal from the 12-nation Trans-Pacific Partnership has put the U.S. in a difficult position when it comes to Asian commerce. That was apparent in early November when the president embarked on a tour of East Asia that took him to Japan, South Korea, and China, with further stops planned in Vietnam and the Philippines. Trump was greeted with pomp,…

Asia Pacific Financial News from John Lothian News – November 5, 2017 Standard

Lead Stories China and Australia ink fintech deal to share information on new trends; Regulators in both countries will provide each other with insights on experiments with regulatory technology Ryan Browne – CNBC China and Australia’s regulators have agreed to partner up on financial technology (fintech), a move that will give them oversight on new trends in each other’s markets. https://goo.gl/VWfr28 China’s Central Bank Chief Warns of ‘Sudden, Contagious and Hazardous’ Financial Risks Bloomberg News Wide-ranging commentary also pushes for tougher regulation; Zhou says China needs to reform, open up financial markets China’s financial system is becoming significantly more vulnerable…

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

Lead Stories Rise of the machines must be monitored, say global finance regulators Reuters Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators, the global Financial Stability Board (FSB) said on Wednesday. https://goo.gl/a17hv5 The Heavy Metal Battle Between JPMorgan and This Historic Exchange By Jack Farchy – Bloomberg LME is planning new fee charging dealers for OTC contracts; JPMorgan is one of the biggest OTC metals traders in London In its battle to restore its place in the market, the London Metal Exchange is taking aim at one of…

Asia Pacific Financial News from John Lothian – October 31, 2017 Standard

Lead Stories HKEx’s chief defends LME deal, says will ‘eventually recoup’ the £1.4bn paid Henry Sanderson, Neil Hume – FT Charles Li, head of Hong Kong Exchanges and Clearing, defended his £1.4bn purchase of the London Metal Exchange, saying it was a rare asset that would eventually recoup the money paid for it. https://goo.gl/zz5RVX Hibor’s Frightening Halloween Turn; The cost for banks to borrow Hong Kong dollars from each other just shot up to a nine-year high Here’s a Halloween mystery: The cost for banks to borrow Hong Kong dollars from each other just shot up to a nine-year high….

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

Lead Stories Singapore unveils plan to bolster its status as an Asian financial hub Masayuki Kitano – Reuters Singapore unveiled a roadmap for strengthening its status as a financial hub in Asia, with the aim of growing the sector more than 4 percent a year and creating thousands of jobs. https://goo.gl/ovNfZo A New Asia-to-Europe Railway Route Is Opening Up By Zulfugar Agayev – Bloomberg Baku-Tbilisi-Kars line links Asia and Europe via Caucasus; Leaders from five countries attend opening of project Azerbaijan opened a long-delayed railway through the Caucasus region that’s intended to become a new transport corridor for goods carried…

Asia Pacific Financial News from John Lothian News – October 27, 2017 Standard

Lead Stories Selfies and ceremony as the Hong Kong stock exchange’s floor trading hall closes for good; About 1,400 traders join the city’s Chief Executive Carrie Lam to bid farewell to the hall and to mark the end of 126 years of floor trading history Enoch Yiu – South China Morning Post Stock traders past and present, many wearing the traditional red jacket, joined government leaders at the trading hall of the Hong Kong stock exchange on Friday for its official closing ceremony, bringing down the curtain on 126 years of floor trading in the city. https://goo.gl/9JRU9N Trump’s business envoy…