*Safe lifts time restrictions on converting renminbi
*Malaysia and Australia combine for fintech
*Malaysia introduces new method for USD/MYR spot fixing
*FASB announces accounting rule update
Singapore has announced a regulatory fintech sandbox to drive innovation in the real world, but what if you don’t want your company to be a guinea pig?
*Safe regulates capital outflow for inter-bank bond investment
*Thailand plans reporting exemptions for foreign issuers
*CFTC adopts X-border approach for uncleared swaps
*Indonesia moves to full IFRS convergence
HKMA releases circular on cybersecurity rules; CFTC to expand hedging exemptions in limits amendment; China dumped market-based mechanism for RMB in Jan; SEBI applies KYC norms to ODI issuers; and much more…
Both China and Hong Kong are attempting to tackle businesses that have deliberately mis-invoiced goods traded across the border to sneak money offshore.
Hong Kong cracks down on fake trade invoices from China; PBoC/CBRC release bill financing rules; US adopts measures against tax evasion; PBoC permits broader access to interbank RMB bond market; FASB issues narrow-sco...
Against increased use of renminbi as a cross-border trade currency, Hong Kong Exchanges and Clearing is set to launch a number of RMB futures contracts to allow companies to hedge their exposures.