News Centre
-
“Strengthening Trust In Our Capital Market”- Keynote Speech By Mr Ong Chong Tee, Deputy Managing Director, Monetary Authority Of Singapore, At My Money Seminar, At Singapore Polytechnic Convention Centre On 16 November 2019
Date 18/11/2019
1 Ladies and gentlemen, good afternoon. It is my pleasure to join you in this afternoon’s My Money public seminar. My Money was an initiative back in 2009 of the national financial education programme MoneySense, in collaboration with the Association of Banks in Singapore (ABS), the Securities Investors Association of Singapore (SIAS), and the Singapore Management University’s (SMU) Sim Kee Boon Institute for Financial Economics.
-
Q&A On Shanghai Stock Exchange Taking Self-regulatory Measures For Information Disclosure Misbehaviors In Application For IPO On SSE STAR Market
Date 18/11/2019
Q: Can you brief us on taking self-regulatory measures for the relevant misbehaviors in the information disclosure?
A: Tightening the responsibilities of issuers, intermediaries and related personnel is practically necessary for implementing the information disclosure-centered registration-based IPO system and ensuring the smooth operation of the SSE STAR Market. While advancing the issuance and listing review for the SSE STAR Market in an orderly manner, recently, the Shanghai Stock Exchange (SSE) has intensively imposed self-regulatory measures on the information disclosure misbehaviors of the issuers and their intermediaries found in the earlier process of review, based on relevant facts and rules. The disciplinary actions involve the projects of application for IPO on the SSE STAR Market submitted by Beijing Papaya Mobile Technology Co., Ltd., Shanghai Wisemedia Technology Co., Ltd., Amlogic (CA) Co., Inc., and Guizhou BaishanCloud Technology Co., Ltd. (“Papaya Mobile”, “Wisemedia”, “Amlogic” and “BaishanCloud” respectively for short) Specifically, Papaya Mobile and Wisemedia had withdrawn their application for IPO earlier, and the SSE terminated the review. According to the circumstances of the violations, the SSE issued regulatory warnings to issuers Wisemedia and BaishanCloud, and regulatory work letters to Papaya Mobile and Amlogic. The three sponsoring institutions involved, including ZTF Securities Co., Ltd., TF Securities Co., Ltd. and Guotai Junan Securities Co., Ltd., received the regulatory work letters. The regulatory warnings were sent to sponsor representatives Chen Jiao and Chen Dongyang for Papaya Mobile, sponsor representatives Xu Gang and Wang Yugui for Wisemedia, and sponsor representatives Xun Guoliang and Li Dong for Amlogic, and the regulatory work letter was issued to sponsor representatives Lu Pin and Song Gui for BaishanCloud.
-
Abu Dhabi Securities Exchange (ADX) An Active Contributor To New ISSA Paper On Distributed Ledger Technology (DLT) Crypto Assets - ADX Assessed To Play An Instrumental Role In Shaping The Future Of This New Asset Class For The Region
Date 18/11/2019
Abu Dhabi Securities Exchange (ADX) has issued a paper ‘Crypto Assets: Moving from theory to practice’.
-
Shanghai Stock Exchange Issues Guidelines On Listed Companies’ Announcement Formats To Improve Information Disclosure Quality
Date 18/11/2019
Today, the Shanghai Stock Exchange (SSE) issued four sets of guidelines for the formats of interim announcements, which are respectively applicable to four matters drawing much attention in the market, including the entrusted wealth management, the abnormal fluctuations in stock trading, the shareholding lessening by major shareholders and directors, supervisors and executives, the profit distribution of the listed companies, and the capitalization from capital public reserve. Specifically, the three sets of guidelines for entrusted wealth management, the abnormal fluctuations in stock trading, and the shareholding lessening by major shareholders and directors, supervisors and executives are revised on the basis of the original guidelines implemented for years by considering the new rules for asset management, the fact that some companies are keen on wealth management, the new circumstances of abnormal fluctuations, the developments in shareholding lessening, etc. and summarizing the experience in the earlier routine regulation. At the same time, in order to more effectively guide the listed companies in accurately disclosing the plans for profit distribution and capitalization from capital public reserve, a new set of format guidelines have been developed.
-
Audit Quality Improves But Inconsistencies Persist - New Zealand Financial Markets Authority Report
Date 17/11/2019
Audit quality has broadly improved again but auditors continue to apply standards inconsistently, the FMA’s annual Audit Quality Report 2019 has found.
-
FSB MENA Group Discusses Regional Financial Stability, Stablecoins, Cyber Incidents And Implementation Of Financial Reforms
Date 17/11/2019
The Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Middle East and North Africa (MENA) met today in Riyadh at a meeting hosted by the Saudi Arabian Monetary Authority.
-
Abu Dhabi Securities Exchange (ADX) Celebrates Its 19th Anniversary
Date 17/11/2019
Abu Dhabi Securities Exchange (ADX), celebrated its 19th anniversary. The past year has seen many achievements, which has strengthened ADX’s position among the leading financial markets in the region and the world, moving up international best practices of disclosure and transparency.
-
Dubai Financial Market Achieves 97% Compliance In Listed Companies’ Disclosure Of Q3-2019 Results
Date 17/11/2019
Dubai Financial Market (DFM) today announced that its listed companies have recorded a 97% compliance regarding the disclosure of Q3-2019 results within the deadline of 45 days from the end of the period.
-
ISDA Publishes Results Of Consultation On Final Parameters For Benchmark Fallback Adjustments
Date 15/11/2019
ISDA has today published a report that summarizes responses to a consultation on the final parameters of adjustments that will apply to derivatives fallbacks for certain interbank offered rates (IBORs).
-
Greg Wojciechowski, President And CEO Of The Bermuda Stock Exchange Joined A Panel To Discuss The Connection Between ILS And ESG
Date 15/11/2019
Greg Wojciechowski, President and CEO of the Bermuda Stock Exchange, recently joined a panel to discuss the connection between insurance-linked securities (ILS) and Environmental, Social and Governance (ESG) considerations.
