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  • Speech By Song Liping, President And CEO Of Shenzhen Stock Exchange, 2013 CCTV China's Listed Companies’ Summit

    Date 26/08/2013

    Distinguished Guests, Ladies and Gentlemen:

    I am very pleased to participate in 2013 CCTV Chinese Listed Companies’ Summit.

    The theme of this summit is economic transition and upgrading. We recently held a seminar for listed companies in medical and pharmaceutical industry in Yinchuan, which discussed how to leverage the advantages of listed companies to accelerate the upgrading of the industry. The medical and pharmaceutical industry has great potential for development in China's economic and social transformation process. But like many emerging industries, the medical and pharmaceutical industry is characterized by many small competitors and market fragmentation. Even after a large-scale consolidation, the number of pharmaceutical companies rose from 3,352 in 2003 to the present 6,000. The top 10 companies only account for 15% of market share. 70% of the companies report less than RMB 30 million in annual sales revenue. The new administration initiated reform measures to promote economic transformation and upgrading, streamline administrative control, accelerate delegation of power, release the power of innovation of the private sector and establish a unified national market. During the seminar, listed companies expressed a general belief that these reform measures hit the nail on the head and the industry will usher in strategic opportunities for large-scale consolidation and upgrading.

  • Dalian Commodity Exchange Accelerates Yarn's Development - CCTA And CATA Hold “Expert Forum On Yarn Futures”

    Date 26/08/2013

    Recently, the China Cotton Textile Association (CCTA) and the China Commercial Circulation Association of Textile and Apparel (CATA) held the “Expert Forum on Yarn Futures” in Dalian to discuss the development of the yarn futures and the contract rules of yarn futures of Dalian Commodity Exchange (DCE) with the attendance of more than 30 leading officials and experts from industry organizations and the enterprises of spinning, weaving and distribution. Wang Tiankai, President of the China Textile Industry Federation (CTIF), attended the forum and made the concluding speech, and the forum was presided over by Xia Lingmin, Vice President of the CTIP. It was the common call of all the forum attendees to introduce the yarn futures timely in a bid to form the fair market prices and provide the enterprises with a hedging instrument under the new situation of the government intensifying the regulation of the cotton market and the imported yarn having impact on the domestic market. 
                       

  • Dubai Financial Market Achieves 100% Compliance In Local Company Disclosures Of Q2-2013 Results

    Date 25/08/2013

    Dubai Financial Market (DFM) today announced that its listed local public joint stock companies have recorded a 100% compliance regarding the disclosure of Q2-2013 results within the deadline of 45 days from the end of the period.

  • BATS Global Markets Reportedly In Merger Talks With Direct Edge

    Date 23/08/2013

    BATS Global Markets, is reportedly in talks with Direct Edge Holdings LLC, according to media reports. Officials with each company declined to comment.

  • BATS 1000 Index Gains 0.6% This Week

    Date 23/08/2013

    BATS Global Markets, a leading operator of securities markets in the U.S. and Europe, reports the BATS 1000® Index (Ticker: BATSK) rose 110.74 points, or 0.6%, this week to close at 18,730.69 as of the 4 p.m. ET market close today.