By Maria Korolov and Miranda Li •  August 25, 2009  •  Securities Industry News  •  575 words

The Australian government has opened the way to breaking Australian Securities Exchange’s (ASX) monopoly on the trading markets with its proposal to move some oversight functions from the ASX to the Australian Securities and Investments Commission (ASIC), Australia’s answer to the SEC.
Currently the ASIC oversees consumer protections and licensing of financial companies, while the… Read the rest

By Maria Korolov and Miranda Li •  July 14, 2009  •  Securities Industry News  •  422 words

India’s newest exchange, the MCX-SX, is looking for foreign investors, according to comments made to an Indian business newspaper by its CEO.
Possible clients include NYSE Euronext, Fidelity, Citigroup, and Merrill Lynch, all of whom already invest in MCX-SX parent company, the Multi Commodity Exchange of India.
Some 18 percent of the exchange has already… Read the rest

By Miranda Li •  July 21, 2008  •  CardLine  •  188 words

In an apparent sign of the growing sophistication of the Chinese lending market, Chinese citizens made at least 150,000 inquiries about credit records in June, the People’s Bank of China says, up from 1,000 inquiries in January 2005.
The increase in inquiries comes after China’s financial authorities expanded the information included in the country’s credit-information… Read the rest

By Miranda Li •  July 15, 2008  •  CardLine  •  124 words

As the 2008 Olympics draw closer, the number of shops in Beijing that accept internationally branded payment cards stood at about 110,000 at the end of June, nearly double the number from last year, according to state-owned news media.
Games attendees will be able to make card payments at some 90% of Olympic venues, the… Read the rest