News Centre

Hong Kong Securities And Futures Commission: Changes To The Open-Ended Fund Companies Regime Take Effect

Date 11/09/2020

The Securities and Futures Commission (SFC) today announced that amendments to the Code on Open-ended Fund Companies (OFC Code)  have taken effect. Among other changes, private open-ended fund companies (OFCs) in Hong Kong are no longer subject to investment restrictions and the eligibility requirements for OFC custodians have been expanded.

Shenzhen Stock Exchange Holds First Seminar Session On Restructuring And Listing Practices Under Registration-Based IPO System

Date 11/09/2020

This year, as the new Securities Law has been deeply implemented and the reform of the ChiNext Board and the pilot project of the registration-based IPO system have been officially carried out, the capital market has seen continuous optimization and improvements in a series of basic policies for share offering and listing, information disclosure, constant supervision and other links. Recently, amid regular epidemic prevention and control, the Shenzhen Stock Exchange (SZSE) has held the first seminar session on the restructuring and listing practices under the registration-based IPO system for 36 chairmen, general managers or de facto controllers from 25 pre-IPO companies. This move is to help companies timely grasp the latest policy requirements and understand the information-disclosure-centered review principle of the registration-based IPO system, and to drive excellent firms to better integrate with the capital market.

Shanghai Stock Exchange Streamlines System Of Rules For Continuous Regulation Of Listed Companies

Date 11/09/2020

Today, the Shanghai Stock Exchange (SSE) issued two sets of rules, including the Guidelines of Shanghai Stock Exchange for the Application of Self-Regulation Rules for Listed Companies No. 1 - Major Asset Restructuring (the Guidelines for Listed Companies No. 1 for short) and the Guidelines of Shanghai Stock Exchange for the Application of Self-Regulation Rules for the Listed Companies on the SSE STAR Market No. 1 – Regulated Operation of Listed Companies (the Guidelines for SSE STAR Market No. 1 for short), marking the initial results achieved in streamlining and optimizing the system of rules for continuous regulation of the SSE-listed companies.

CFFEX: Notice On Delivery Of Equity Index Futures And Options Contracts

Date 11/09/2020

Pursuant to the Trading Rules of China Financial Futures Exchange and relevant detailed implementation rules, the last trading day of a CSI 300 Index futures, SSE 50 Index futures, CSI 500 Index futures, and CSI 300 Index options contract is the third Friday of the expiry month. Where the last trading day is a public holiday or trading of that contract is suspended on that day for extraordinary situations or other reasons, the last trading day shall be postponed to the following trading day. Accordingly, the last trading day of IF2009, IH2009, IC2009, and IO2009 (CSI 300 Index options contracts expiring in Sep 2020) is Sep 18, 2020.

Tokyo Financial Exchange: Extension Of Promotions For Packs And Bundles Strategies Of Three-month Euroyen Futures

Date 11/09/2020

• Enhanced the liquidity by Market Makers
• Discount program for to Block is now expanded to Packs and Bundles strategies
• Discount up to 90%!

SGX Reports Market Statistics For August 2020

Date 11/09/2020

• Cash equity activity accelerates on portfolio rebalancing, buoyant US market
• Equity index futures volumes moderate as Asian cash market volatility normalises
• China economic reopening dominates; iron ore derivatives trading keeps up-trend

ASX: Insider Trader Sentenced To Three Years Imprisonment For Trading In Big Un Ltd Shares

Date 11/09/2020

Former investment analyst, Mr Michael Ming Jinn Ho, 33, has been sentenced in the Sydney Downing Centre District Court to three years imprisonment.

Shenzhen Stock Exchange Signs Strategic Cooperation Framework Agreement With Chongqing Municipality To Actively Serve Chongqing In Building An International Financial Center In The Landlocked Area

Date 11/09/2020

On September 9, SZSE and Chongqing Municipal People’s Government signed a strategic cooperation framework agreement. The two sides held in-depth exchanges on further providing targeted matchmaking and cultivation services in the capital market based on the economic development characteristics and industrial features of the city. This is another significant move made by SZSE to fully leverage the role as a hub of the capital market and the edge in innovation capital formation, to facilitate Chongqing in developing into an international financial center in the landlocked area, and to serve the high-quality development of regional economy. Tang Liangzhi, Deputy Party Secretary and Mayor of Chongqing, and Wang Jianjun, Party Secretary and Chairman of SZSE, attended the signing ceremony and the symposium.

Court Rulings Support ASIC’s Position On Notice Compliance And Legal Privilege

Date 11/09/2020

Two recent Federal Court decisions support ASIC’s position on obligations to comply with ASIC Act notices and to clearly substantiate any claims for legal professional privilege. 

Tokyo Financial Exchange: Extension Of Promotional Period For Discount Program In Three-Month Euroyen Futures

Date 11/09/2020

This informs Trading Members of the extension of the current Discount Program in Three-month Euroyen Futures (Euroyen). TFX has decided to extend the program until the end of March 2021.