All articles tagged with #market regulation
US financial regulators, including the SEC and CFTC, are beginning to furlough staff due to the federal government shutdown, which hampers oversight functions, delays IPO processing, and may cause market volatility. While some agencies like the Federal Reserve continue normal operations, the shutdown poses risks to investor sentiment and economic data releases.
The article discusses how Donald Trump's policies have paved the way for increased government involvement in the economy, leading to a form of 'state-run capitalism' where the government plays a significant role in economic activities, challenging traditional free-market principles.
The CEO of the Texas Stock Exchange announced that 35% of the 4,600 US-listed public companies would not qualify for listing on the new exchange, including many Chinese-based firms that do not meet U.S. standards, with the new exchange primarily targeting smaller and mid-cap companies, potentially launching in late 2025.
Hong Kong is reportedly considering approving spot bitcoin and ether exchange-traded funds (ETFs) as early as Monday, with potential trading by the end of the month, pending approval from the Hong Kong Exchanges & Clearing (HKEX). If approved, Harvest Global Investments and Bosera Asset Management (International) Co. and HashKey Capital could be the first to launch these products. This move is anticipated to have a significant impact on the cryptocurrency market and could position Hong Kong as a leading digital asset hub in Asia.
South Korea has announced a ban on short selling until 2024, as part of efforts to stabilize the market and protect investors. The ban comes amid concerns over market volatility and potential manipulation. Short selling involves borrowing shares and selling them in the hope of buying them back at a lower price, profiting from the difference. The ban is expected to provide a temporary relief to the market and allow regulators to implement stricter regulations.
Tesla will recall over 1.1 million cars in China due to potential safety risks related to the accelerator pedal. The recall includes imported Model S, Model X, Model 3, and China-made Model 3 and Model 6. The company plans to make adjustments or add notification features to the recalled vehicles to reduce the risk. China is a major sales and manufacturing center for Tesla, and it's unclear whether vehicles from its Shanghai factory sold outside mainland China will be subject to the same recall.