News Centre

HKEx: Listing Nominating Committee Reminder Of Application Period For Listing Committee Candidates

Date 28/11/2014

The Listing Nominating Committee reminds potential applicants that the period for submitting applications for nomination to the Listing Committee will close on 12 December 2014.  As announced on 4 November 2014, the Listing Nominating Committee is seeking applications from individuals interested in serving on the Listing Committee and the Growth Enterprise Market (GEM) Listing Committee1.  Appointments will be for a term of approximately twelve months commencing in May/June 2015.  In previous years the Listing Nominating Committee invited applications in the first quarter of the year.  For the appointments to be made in 2015 the Listing Nominating Committee intends to interview short-listed candidates before making appointments and consequently it is necessary to begin the application process earlier.

First Shanghai 180 China A-Share Leveraged & Inversed ETF Debut On Taiwan Stock Exchange

Date 28/11/2014

The Taiwan Stock Exchange (“TWSE”) this week welcomed the debut of the “Fubon SSE180 Leveraged 2X Index ETF” and “Fubon SSE180 Inversed Index ETF”, the first leveraged and inverse Exchange Traded Funds (ETFs) tracking the Shanghai Stock Exchange 180 Index available globally.

Oakbay Resources And Energy Lists On The JSE

Date 28/11/2014

Today Oakbay Resources and Energy Limited (JSE:ORL) listed in the General Mining sector on the JSE’s Main Board. Oakbay is the 16th company to list on the JSE this year.

Rouble Depreciation Hurts Businesses - MNI Russia Business Indicator Broadly Stable At 46.8 In November

Date 28/11/2014

The MNI Russia Business Indicator remained broadly stable at 46.8 in November compared with 46.7 in October as a significantly weaker rouble and Western sanctions continued to take their toll on business sentiment.

New Zealand's Financial Markets Authority: Phase Two Of Financial Markets Law Completes Long-Term Overhaul

Date 28/11/2014

The second phase of New Zealand’s new capital markets and financial services law takes effect from Monday (1 December). Phase two includes licensing provisions that extend to several hundred further businesses, and a major shift in the quality of investor disclosure for financial products.

Shanghai Stock Exchange Issues Business Guidelines For Asset Securitization

Date 28/11/2014

To promote the development of the asset securitization business, following the administration rules and supporting regulations of asset securitization business issued by the China Securities Regulatory Commission, the Shanghai Stock Exchange (SSE) today issues the “SSE Business Guidelines for Asset Securitization” (the “Guidelines”), which specifies the details in issues including listing and transfer, suitability for investors, and information disclosure of the assets-backed securities (ABS).

ASX Completes Investment In Yieldbroker

Date 28/11/2014

ASX and Yieldbroker today announced that ASX’s investment in Yieldbroker has successfully completed.

Shanghai Stock Exchange: Notice Of Soliciting Public Opinions On “Business Guidelines For Information Disclosure About Significant Asset Reorganization, And Stock Trading Suspension And Resumption Of Listed Companies (Draft For Comment)”

Date 28/11/2014

Recently, the China Securities Regulatory Commission has revised the “Administrative Measures for Significant Asset Reorganization of Listed Companies” (the “Measures”). The SSE hereby formulates the draft of “Business Guidelines for Information Disclosure about Significant Asset Reorganization, and Stock Trading Suspension and Resumption of Listed Companies (Draft for Comment)”, through integrating the already issued “Notice of Strengthening Regulation on Abnormal Stock Trading Related to Significant Assets Reorganization of Listed Companies” and 7 memorandums on information disclosure of reorganization, in order to follow the “Measures” and meet the practical needs of information disclosure in significant asset reorganization and the demands of all market participants. The SSE hereby solicits public opinions on the draft version (see the Attachment for the draft for comment).

Joint Hong Kong Monetary Authority-Securities And Futures Commission Consultation Conclusions On Reporting And Record Keeping Rules For OTC Derivatives

Date 28/11/2014

The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) published today their conclusions on a joint public consultation on the mandatory reporting and related record keeping obligations under the new over-the-counter (OTC) derivatives regime (Note 1). The conclusions paper includes revised proposals which were formulated after taking into account feedback from the respondents and also seeks further views on three ancillary matters.

Shanghai Stock Exchange: Remarks On Drawing Up “Notice Of Standardizing Trading Suspension And Resumption Caused By Listed Companies Planning Non-public Shares Issuance And Relevant Issues”

Date 28/11/2014

I. Background

This year, listed companies have sponsored more re-financing activities by planning non-public shares issuance according to the "Administration Measures on Securities Issuance by Listed Companies". It is learnt that after the China Securities Regulatory Commission amended and perfected the "Measures on Administration of Listed Companies' Acquisition" and the “Administrative Measures for Significant Asset Reorganization of Listed Companies” to further propel the market-oriented reform for mergers, acquisitions and reorganizations, listed companies, considering future mergers and acquisitions for expansion, are more eager to reserve cash through non-public shares issuance, which might result in a big increase of non-public shares issuance in the future.