The Chinese Securities Company has entered Hong Kong’s warrants and CBBC market after qualifying as a listed structured products issuer by with the Hong Kong Stock Exchange.
The UK bank has expanded its coverage of UHNW investors to respond to new demand as the region’s wealth grows faster than any other region.
Product issuance increased by less than two percent in October, compared to the previous month, with 1,332 products issued in the retail segment. Sales volumes, at KRW7.17 trillion (US$6.19 billion) were up six percent from September.
The Monetary Authority of Singapore (MAS) has launched a consultation to consider the regulation of derivatives based on ‘payment tokens’ such as bitcoin and ether, where the derivatives are traded on approved exchanges.
The China Banking and Insurance Regulatory Commission (CBIRC) has issued a notice on further regulating the structured deposit business of commercial banks.
The Taiwanese structured products market is slowly recovering from the difficult start of 2019. Year-to-date data shows that, although visibly slower than the previous period, on an annual basis the volumes are catching up with the market performance from last year, and by year-end 2019 we are likely to see a full recovery.
Issuance in South Korea decreased by seven percent in September, compared to the previous month, with 1,098 products launched in the retail segment.
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $11.2 million on UBS for Deceptive Trades by its Client Advisors.
The Swiss bank has expanded its private banking business in Australia with the addition of four senior executives in a move to strengthen both its product capabilities and front office team.