News Centre

Notice On Issues Of Shareholding Increase By Shanghai Stock Exchange-Listed Companies’ Shareholders, Their Concerted Actors, Directors, Supervisors, Senior Managers

Date 09/07/2015

To support shareholding increase by listed companies’ shareholders and their concerted actors as well as stabilize the capital market and protect investors’ interests, the Shanghai Stock Exchange (SSE) hereby makes notification on relevant issues as follows:

1. Relevant regulations in Article 9 of “Code of Conduct for Shareholding Increase by Listed Companies’ Shareholders and Their Concerted Actors” and Subparagraphs (1), (2) and (4) of Article 4.5 of “Code of Conduct of Controlling Shareholder and Actual Controller of Listed Company” published by the SSE shall not be applicable to the following situation: a listed company’s shareholders, controlling shareholders and their concerted actors holding more than 30% of its shares increase shareholding and promise not to lessen shareholding in the next 6 months, when stock price of the company has accumulatively dropped by over 30% for 10 consecutive trading days.

Hellenic Capital Market Commission: Bank Holiday In Greece Extended Until 13th July 2015

Date 09/07/2015

The Hellenic Capital Market Commission (HCMC), following the decisions of the 29th and the 30th of June 2015 regarding the emergency measures for the Greek capital market, and following the Decision of the Minister of Finance of the 8th of July 2015by which the bank holiday, and all its accompanying measures, were extended until the 13th of July 2015 (included), announces that, during the above bank holiday,:

• The regulated market and the Multilateral Trading Facility of “EN.A” (Alternative Market) of the Athens Exchange (Athex) will continue to remain closed.
• The Electronic Secondary Market “HDAT” for bonds, of the Bank of Greece will continue to remain closed.

Platts Launches Spot Primary Aluminum Assessment For South Korea - New Assessment To Provide Transparency In Rapidly Expanding Spot Market

Date 09/07/2015

Platts, a leading global energy, petrochemicals and metals information provider and a premier source of benchmark price references, this month launched a weekly primary aluminum assessment for aluminum spot cargoes delivered to South Korea.

A Record Level Of 40 Billion US Dollars In Net New Assets Was Gathered By ETFs And ETPs Listed In Europe In The First Half Of 2015 According To ETFGI

Date 09/07/2015

A record level of US$40 billion in net new assets (NNA) was gathered by ETFs and ETPs listed in Europe in the first half of 2015, surpassing the prior record of US$32 billion gathered in the first half of 2014, according to ETFGI’s preliminary ETF and ETP global insights report for the first half of 2015. At the end of June 2015, the European ETF/ETP industry had 2,118 ETFs/ETPs, with 6,502 listings, assets of US$499 Bn, from 50 providers listed on 25 exchanges in 21 countries.

MNI Russia Consumer Sentiment Indicator: Russia Consumer Sentiment Highest Since December - Improvement In Q2 Suggests Consumer Confidence May Have Troughed

Date 09/07/2015

Russia consumer sentiment increased sharply in June, moving further above the March low and providing more evidence that confidence may have troughed.

HKFE Announces Revised Margins For Futures Contracts

Date 09/07/2015

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Friday, 10 July 2015, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below. The adjustments are based on the clearing company’s normal procedures and standard margining methodology.

Notice Of Matters Related To Shanghai Stock Exchange Bond Projects Application System Accepting Application Materials For Listing, Transfer Of Asset-backed Securities

Date 09/07/2015

To promote the development of the bond market and improve the efficiency of accepting the applications for listing and transfer of asset-backed securities, starting from July 7, 2015, the Shanghai Stock Exchange (SSE) will accept the applications for listing and transfer of asset-backed securities through the bond projects application system (the “Application System” for short).

Dubai Mercantile Exchange And Abu Dhabi Securities Exchange Sign MoU To Drive Development Of UAE & Regional Capital Markets - Leading Regional Exchanges To Develop New Financial Products To Further Attract Investors

Date 09/07/2015

The Dubai Mercantile Exchange (DME) and Abu Dhabi Securities Exchange (ADX) today signed a Memorandum of Understanding (MoU) in a move that will see two of the leading regional exchanges collaborate on several fronts to further drive the growth and development of capital markets in the UAE and the wider Middle East region.

Notice Of Releasing “Shanghai Stock Exchange Detailed Rules For Implementation Of Margin Trading And Securities Lending (Revised In 2015)”

Date 09/07/2015

The Shanghai Stock Exchange (SSE) has revised the existing “SSE Detailed Rules for Implementation of Margin Trading and Securities Lending” (the “Rules” for short) in a bid to cement risk management on the business of margin trading and securities lending, propel steady growth of the business and protect investors’ legitimate rights and interests. The SSE hereby releases the revised “Rules”, which shall take effect on the release date. Considering that the whole-market business and technology will need some time for preparation, Paragraph 3 of Article 12 in the revised “Rules” will not be implemented temporarily, with the implementation time subject to further notification by the SSE.

SIFMA Expresses Concern With The IMF’s Financial System Stability Assessment That Targets The Asset Management Industry

Date 09/07/2015

SIFMA today issued the following statement after the International Monetary Fund (“IMF”) released a Financial System Stability Assessment (“the Assessment”) that focuses on investment funds such as mutual funds, exchange traded funds and pension funds:

Kenneth E. Bentsen, Jr., SIFMA president and CEO, said:
“We are concerned that the IMF’s Assessment makes assertions about risk posed by mutual funds, exchange traded funds and pension funds that are not backed by empirical evidence or analysis. Further, the Assessment is at odds with recent direction from the International Organization of Securities Commissions that asset management activities and products should be the immediate focus of international efforts to identify potential systemic risks and vulnerabilities. As demonstrated by SIFMA and numerous others in comments to regulators, asset managers and the funds they manage do not present systemic risk. Speculative and unsubstantiated reports that target asset managers and disregard basic facts about the industry could hamper managers’ ability to serve investors, and disrupt the broader capital markets system.”