On January 22, according to a report by Zhitong Financial Network, Ye Zhiheng, executive director of the intermediary department of the Hong Kong Securities Supervision Commission, revealed that the new license of the virtual asset trading platform will be approved in the near future, and it is expected that there will be good news in Quarter 1 in 2025. It is reported that the regulator has completed on-site inspections of all applicants, and there are currently 11 platforms in the application l...
On January 19, the central bank and the Securities Supervision Commission jointly held a symposium on stock repurchase and re-lending to further play the role of policy tools in stabilizing capital markets. Xuan Changneng, member of the Party Committee and Vice President of the People's Bank of China, and Wang Jianjun, member and Vice Chairperson of the Party Committee of the China Securities Supervision Commission, attended the meeting and delivered speeches. Financial Institution Group said th...
On December 31st, the China Securities Supervision Commission and the People's Bank of China co-opted 20 participating institutions on the basis of the first batch of 20 participating institutions, and formed a pool of 40 alternative institutions according to conditions such as classification evaluation and compliance risk control. During each batch of operations, about 20 institutions were selected to participate in the People's Bank of China's invited tenders operation according to the scale o...
Xiao Gang, former chairperson of the China Securities Supervision Commission, said at the "AI + Finance" summit of the National Wealth Development Research Cooperation Platform on December 22 that artificial intelligence is a "double-edged sword". On the one hand, it has led a new round of technological revolution and industrial revolution, profoundly changed social production and life, and also profoundly changed the business format and model of the financial industry. On the other hand, it has...
According to the official website of the China Securities Supervision Commission, the China Securities Supervision Commission has issued eight financial industry standards, including the Communication Guide for Blockchain General Infrastructure in Regional Equity Markets, and the Communication Guide for Blockchain General Infrastructure in Regional Equity Markets.
On November 10, 2024, the 21st meeting of the International Advisory Committee of the China Securities Supervision Commission (referred to as the "Advisory Committee") was held in Shanghai in a combination of online and offline. The members spoke positively of the Chinese government's unswerving determination and policy resolve to promote reform and opening up, and believed that in the past year, China's capital markets have done a lot of work in strengthening supervision, preventing risks, and ...
According to official sources, the Hong Kong Securities Supervision Commission announced that in proceedings under section 213 of the Securities and Futures Ordinance, the Hong Kong Court of First Instance issued provisional injunctions to 11 persons suspected of manipulating the shares of Ding Yi Feng Holdings Group International Limited, and the relevant persons were prohibited from transferring any of their assets in Hong Kong, or in any way dispose or deal with any of their assets in Hong Ko...
On October 21, Li Chao, vice chairperson of the China Securities Supervision Commission, said at the Jinke Forum of the 2024 Financial Technology Conference on October 21 that the application of financial technology in capital markets is becoming more and more mature, providing strong support for capital markets to serve the real economy. In the next step, the Securities Supervision Commission will promote the in-depth application of new technologies such as artificial intelligence in capital ma...
According to official news, after consultations with the Hong Kong Securities Supervision Commission, Victory Securities successfully passed the relevant regulatory inquiry process on October 10, 2024, and can initiate and manage the Victory VSG Virtual Asset Multi-Strategy Fund (referred to as the Fund), and accept investors to subscribe to fund units in stablecoins. This fund will be the first virtual asset investment fund licensed by the Hong Kong Securities Supervision Commission since the H...
According to the updated data on the official website of the Hong Kong Securities Supervision Commission, the application for a virtual asset trading platform license submitted by bitcoinworld to the Hong Kong Securities Supervision Commission has been returned on October 10. According to relevant information, the company name of the virtual asset trading platform operator submitted by bitcoinworld is "Bitcoin World Technology Limited", and the Chinese name is not applicable. Bitcoinworld first ...
The board of the International Organization of Securities Supervision Commissions (IOSCO) has said that cryptocurrency ownership by retail investors has increased significantly since 2020 and called for more education for investors about the space. According to a report, 15 of the 24 jurisdictions surveyed reported retail investors owning cryptocurrencies as high as 10% or more last year, while six reported cryptocurrency ownership as high as 30% or more. IOSCO wrote: "With 20...
According to the updated data on the official website of the Hong Kong Securities Supervision Commission, the application for a virtual asset trading platform license submitted by HKDAX to the Hong Kong Securities Supervision Commission has been withdrawn on October 9. It is reported that the company name of the virtual asset trading platform operator submitted by HKDAX is "Hong Kong Digital Asset Xchange Limited", and the Chinese name is not applicable. HKDAX first submitted an application for ...
On September 13, the China Securities Regulatory Commission recently issued an administrative penalty decision on the case of PricewaterhouseCoopers Zhongtian Accounting Firm (Special General Partnership) for failing to perform due diligence in the audit work of Evergrande Real Estate Annual Report and Bond Issuance. The relevant person in charge of the China Securities Supervision Commission answered a reporter's question on the investigation and handling of the case and related circumstances. ...
On August 30, CITIC Construction Investment announced that in the early stage, the China Securities Supervision Commission has carried out relevant investigation work on the company's amethyst storage project. The company has submitted application documents for the application of the party commitment system for administrative law enforcement to the China Securities Supervision Commission, and formally signed a commitment recognition agreement with the China Securities Supervision Commission on D...
On August 2nd, the website of the National Commission for Discipline Inspection of the Central Commission for Discipline Inspection reported on August 2nd that according to the Discipline Inspection and Supervision Group of the National Commission for Discipline Inspection of the Central Commission for Discipline Inspection in the China Securities Regulatory Commission and the Jiangxi Provincial Commission for Discipline Inspection and Supervision: Chen Xiaopeng, the former party secretary and d...