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  • SGX RegCo Reprimands Dapai International Holdings Co. Ltd., Executive Chairman Chen Xizhong, Former CEO Chen Yong And Former CFO Lawrence Lam Pong Sui - Public Reprimand: Breach Of Listing Rules

    Date 16/07/2018

    1. Singapore Exchange Regulation (“SGX RegCo”) reprimands Dapai International Holdings Co. Ltd. (“Dapai” or the “Company”) [达派国际控股有限公司], Mr Chen Xizhong [陈锡忠] (Executive Chairman), Mr Chen Yong [陈勇] (former Chief Executive Officer) and Mr Lawrence Lam Pong Sui [林傍水] (former Chief Financial Officer) for breaches of the Listing Rules.
    2. Based on the findings in the independent reviews by BDO LLP (“BDO”) and Kordamentha Pte Ltd (“Kordamentha”) into allegations that various transactions by the Dapai Group and certain sales distributors and renovation contractors relating to the Company’s initiative to open 500 retail outlets in the People’s Republic of China were fictitious and/or misrepresented, the instances of non-compliance with the Listing Rules are as follows:
    • Listing Rule 703(1)(a) requires an issuer to announce any information known to the issuer concerning it or any of its subsidiaries or associated companies which is necessary to avoid the establishment of a false market in the issuer’s securities. Appendix 7.1 paragraph 3 clarifies that a false market may exist if information is not available that would, or would be likely to, influence persons who commonly invest in securities in deciding whether or not to subscribe for, or buy or sell the securities.

  • Shanghai Stock Exchange Holds Symposium For Listed Companies

    Date 16/07/2018

    On July 11, the Shanghai Stock Exchange (SSE) held a symposium for listed companies, which was presided over by Huang Hongyuan, SSE Chairman of Board of Governors, and attended by Jiang Feng, SSE President and Lu Wendao, Chief Lawyer. A total of 10 SSE-listed companies representing different industries were invited, including those from traditional industries such as finance, real estate and chemicals and those from emerging industries and of new business types such as new retail and new energy battery. The symposium solicited opinions of the listed companies on recent economic situation, industry development, Sino-US trade dispute and efforts in safeguarding the sound operation of the capital market.

  • UK Financial Conduct Authority Proposes Actions To Improve Competition In The Investment Platform Market

    Date 16/07/2018

    Competition is working well for most consumers using investment platforms, according to interim findings of the Financial Conduct Authority's market study into investment platforms, published today. 

  • Setting Sail for A New Journey: Astana International Exchange Officially Opened

    Date 16/07/2018

    At the 20th anniversary of the capital relocation of Kazakhstan on July 5, 2018, the Astana International Financial Center (AIFC) was officially opened. As an important part of the opening ceremony, an opening activity was also held for the Astana International Exchange (AIX), which was built with the participation of the Shanghai Stock Exchange (SSE).

  • Dubai International Financial Centre Reports Strong Start To 2018

    Date 16/07/2018

    • Number of active registered companies increased by eight percent in the first six months of 2018 and 14 percent year on year to 2,003
    • 614 companies are regulated by the DFSA, with 493 being financial services firms
    • Three new strategic initiatives announced to support economic growth in Dubai
    • DIFC welcomed major financial institutions, including Berkshire Hathaway Specialty Insurance Company, State Street Global Advisors, Al Ahli Bank of Kuwait, KAMCO Investment Company KSC and more
    • Four international Fintech MoUs signed with Middle East Venture Partners, Accenture, Startupbootcamp and Finance Innovation
    • 98% of new 147,000 sq ft ‘The Exchange’ already leased
    • DIFC continued to provide a world-class platform for facilitating growth across the South-South trade and investment corridor 

  • CME Group Achieves International Average Daily Volume Of 4.2 Million Contracts In Q2 2018, Up 13 Percent From Q2 2017

    Date 16/07/2018

    CME Group, the world's leading and most diverse derivatives marketplace, today announced that it achieved quarterly international (defined as outside of the US) average daily volume (ADV) of 4.2 million contracts during the second quarter of 2018, up 13 percent over the same period last year.

  • EGX Chairman Participates In The Organization For Economic Co-Operation & Development (OECD) Conference To Promote Corporate Governance In Portugal

    Date 15/07/2018

    • Farid: Enhancing disclosure raises the efficiency and competitiveness of capital markets and improves trading and liquidityEGX Chairman: A new department to improve accounting disclosure and hold periodic meetings between the market participants and officials of the relations of investors
    • Mohamed Farid, EGX Chairman, participated last week in a conference on "How to strengthen corporate governance" in Portugal organized by the Organization for Economic Co-operation and Development (OECD) to exchange experiences on how to build corporate capacities specifically their governance and transparency issues.

  • The Saudi Stock Exchange Announces The Publication Of The Weekly Stock Market Ownership And Trading Activity Report (By Nationality And Investor Type)

    Date 15/07/2018

    To view the detailed Weekly Stock Market Ownership and Trading Activity Report (by Nationality and Investor Type) for Main Market and Nomu-Parallel Market please Click Here

  • EGX Launches Its Training Program On "Risk Management" For Brokerage Firms - In Cooperation With Investor Protection Fund ... EGX Launches Training Program On "Risk Management" For Brokerage Firms - EGX Chairman: Developing Risk Management Achieves Sustainable Growth Of The Securities Market

    Date 15/07/2018

    The Egyptian Exchange (EGX) has launched a training program on "Risk Management" in cooperation with the Investor Protection Fund. The training aims at developing the competences of the risk management departments’ employees of the brokerage firms to enable them to design effective policies that strengthen their companies’ in this regard for more stability in the securities industry.

  • HKEX's Response To The Three Types Of Hang Seng Composite Index Constituents Not Included For Stock Connect’s Southbound Trading

    Date 14/07/2018

    The Stock Exchange of Hong Kong (SEHK), a wholly owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has noted the announcement and news release by the Shanghai Stock Exchange and the Shenzhen Stock Exchange on 14 July on inclusion arrangements for eligible securities under Stock Connect’s Southbound Trading. HKEX has the following three-point response.