News Centre

Biotech IPO Raising Soars Sixfold QoQ in Q1 2024 Amid Renewed Investor Optimism, Reveals GlobalData

Date 06/08/2024

Biotech initial public offerings (IPOs) surged in the first quarter (Q1) of 2024, with eight completed IPOs raising $3.72 billion—six times the amount raised in Q4 2023 and marking the highest quarterly biotech IPO value in over a year on a quarter-on-quarter (QoQ) comparison. This increase followed a two-year decline, indicating pent-up demand. Going forward, robust clinical data may encourage more biotech companies to go public later in the year, according to GlobalData, a leading data and analytics company.

Nuvama Private To Serve Region’s Global Indians (NRIs) Through New DIFC Office

Date 06/08/2024

Nuvama Private, the Private Banking arm of Nuvama Group - one of India’s largest, listed Institutionally backed Wealth Management firm, announced the launch of its operations to serve the middle east through its office in the Dubai International Financial Centre (DIFC).

Kuwait’s Boubyan Bank Selects Temenos To Modernize Retail, Corporate And Private Banking Platform - Boubyan Is Migrating To Temenos’ Modern Core Banking Platform To Enhance Business Agility And Operational Efficiency

Date 06/08/2024

Temenos today announced that Boubyan Bank, the second largest Islamic bank in Kuwait, has selected Temenos to modernize its core banking systems. The bank is migrating to Temenos’ core banking platform for Retail, Corporate Banking and Wealth Management to enhance business agility and operational efficiency.

Prospects Of The Interviewed Guests From The STAR Market Companies With Cutting-edge Technology! Season I Of The Shanghai Stock Exchange·Interview With The STAR Market Companies' Guests Successfully Concludes, With The Invited Companies' Total Market Value Exceeds RMB One Trillion

Date 06/08/2024

Season I of the Shanghai Stock Exchange Interview with the STAR Market Companies' Guests, themed on "Prospects of the Interviewed Guests from the STAR Market Companies with Cutting-edge Technology" has successfully concluded.

Hong Kong Securities And Futures Commission: Suspected Core Syndicate Member Charged In Ramp-And-Dump Case

Date 06/08/2024

A suspected core member of a sophisticated ramp-and-dump syndicate, Mr Cheng Ming, was charged with the offence of conspiracy to defraud at the Eastern Magistracy today following his arrest in a joint operation of the Securities and Futures Commission (SFC) and the Police yesterday.

Shanghai Futures Exchange: Notice On Investigation And Penalties For Violations Of Relevant Rules And Regulations In July 2024

Date 06/08/2024

Shanghai Futures Exchange (hereinafter referred to as “the Exchange”) has been on continuous efforts in investigating and penalizing violations of relevant rules and regulations, so as to strengthen the risk management of the futures market, regulate the futures trading activities and protect the legitimate rights and interests of futures market participants. 

Shenzhen Stock Exchange Market Bulletin, August 2, 2024, Issue 23

Date 06/08/2024

Click here to download Shenzhen Stock Exchange's market bulletin, issue 23.

ASX Group Monthly Activity Report - July 2024

Date 06/08/2024

Trading – Cash Markets (including equities, interest rate and ETP trades)

• In July 2024, the average daily number of trades was up 18% on the pcp. The average daily value traded on-market of $5.025 billion was flat on the pcp. 
• Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.7% in July, compared to 0.6% in the pcp. 
• Future volatility (as measured by the S&P/ASX 200 VIX) in July was an average of 11.8, flat on pcp.

New Zealand Financial Markets Authority: Oceania Natural Limited Defendants Banned From Holding Senior Management Positions For Nine Years

Date 06/08/2024

Wei (Walker) Zhong and Lei (Regina) Ding have been banned from being a director, promoter or manager of an entity, as defined in the Financial Markets Conduct 2013 (FMC Act), for nine years, the High Court has ruled.

Federal Reserve Board Issues Final Joint Guidance To Help Certain Large Banks Further Develop Their Resolution Plans

Date 05/08/2024

The Federal Reserve Board on Monday issued final joint guidance to help certain large banks further develop their resolution plans. The final guidance is largely similar to the proposed guidance from August 2023 and incorporates changes in response to comments received. The Board developed the guidance jointly with the Federal Deposit Insurance Corporation, and it is now final following both agencies' approval.