Hong Kong Exchanges and Clearing (HKEX)
Drop in Hong Kong Prada share volume highlights dangers of transaction taxes
Daily turnover in Prada shares listed on Hong Kong Exchange has dropped by over 30% since introduction of Italian financial transaction tax two months ago
Mandatory clearing in Hong Kong postponed until January
Banks will have a six-month grace period before they must finally start clearing by July 2014
Rise in CCPs may spur collateral fragmentation
Currency controls
HKEx to start OTC clearing in April
The Hong Kong bourse is set to start OTC derivatives clearing in April and is planning to expand its cross-asset derivatives offering over the next two to three years
Nomura to reboot Korea ELWs with Hong Kong product launch
Korean retail investors will be able to access Kospi 200 warrants without the barriers to entry that exist in the Korean market
Hong Kong Exchange announces trading of deliverable US dollar/renminbi futures
HKEx broadens type of RMB derivatives available to the market
Closing price uncertainty hits traders on Hong Kong Stock Exchange
Use of median calculated price and restrictions of trading capacity are causing problems for participants on the Hong Kong Stock Exchange
HKEx mulls launching RMB commodities exchange
Potential first RMB commodities exchange to be launched in Hong Kong
HKEx to introduce volatility index futures
HKEx has announced the trading of futures on the Hang Seng volatility index starting from February next year. Market participants say this marks an important first step in the development of Asia-based volatility products
HK OTC rules add to cross-border concerns
The Securities and Futures Commission and Hong Kong Monetary Authority released a joint consultation on their plans to overhaul OTC derivatives regulation in October. But how will the rules fit with the patchwork of legislation drawn up elsewhere? And…
Asia Risk Congress 2011: CCP users need tactical collateral planning due to Basel III capital squeeze
The increasing need for liquid, high grade assets under Basel III capital requirements will likely squeeze liquidity in the types of eligible collateral required by central counterparty (CCP) clearings, meaning end-users of CCPs need to tactically plan…
On the move
On the move
Brics to cross-list equity derivatives via new alliance
A new ‘Brics exchanges alliance’ has been formed to allow investors to trade equity index derivatives of each participating exchange in local currencies. The move comes as Asian exchanges increasingly are establishing alliances to promote cross-border…
Lookback
Lookback
CME delays dollar/renminbi futures due to settlement system issues
The US exchange operator hopes to create a transparent, liquid futures contract for renminbi, offering an alternative to the privately negotiated market. But the launch was delayed due to settlement system problems and some traders believe the exchange…
Shortage of underlyings is stunting development of renminbi products, say providers
Market participants say a lack of renminbi-denominated underlyings is slowing down the development of renminbi-denominated equity-linked products
Chi-East moves to connect Asia's dark pools
Joint venture between Singapore Exchange and Chi-X Global expects to announce four new members in the next two months
Risks lie ahead for China's internationalisation of renminbi, warn IMF, PBoC and HKEx officials
IMF Hong Kong representative, a former PBoC MPC member and HKEx chief warn of risks for China as the internationalisation of the renminbi starts to gather pace.
HKEx secondary market facility needs to withstand extreme offshore CNY liquidity crunch
HKEx says its proposed renminbi secondary market liquidity support mechanism for renminbi listed stocks is undergoing stress tests to ensure the facility is sizeable enough to support the healthy development of an offshore renminbi equities market in…
Capital gains tax provisions on QFII stalk China A-share ETFs
Fund managers active in offshore-listed China A-share ETFs say a 10% provision set aside for capital gains tax on A-share trading related to P-note issues is increasing tracking error for some funds. Meanwhile, others are ignoring the tax risk altogether…
SFC's Martin Wheatley helps to crack the structured products code
Cracking the code
Electronic trading and clearing of NDFs poised for growth in Asia
Asian regulators are expected to closely follow their peers in the US and Europe in demanding swap execution facilities and over-the-counter derivatives clearing in Asia. This may bolster e-trading for NDFs based on Asian currencies