News Centre

Hong Kong's Securities And Futures Commission Welcomes CSRC’s New Rules To Facilitate Mainland Investors And Fund Managers’ Access To SFC-Licensed Corporations’ Securities Advisory Service

Date 29/06/2018

The Securities and Futures Commission (SFC) welcomes the China Securities Regulatory Commission’s (CSRC) new rules governing the distribution of research reports issued by SFC-licensed corporations through Mainland securities companies and the engagement by Mainland fund managers of SFC-licensed corporations as their investment advisors. 

Japan's Securities And Exchange Surveillance: Recommendation For Administrative Monetary Penalty Payment Order For Market Manipulation Of 10-year Japanese Government Bond Futures By Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Date 29/06/2018

1. Contents of the Recommendation 

The Securities and Exchange Surveillance Commission today made a recommendation to the Prime Minister and the Commissioner of the Financial Services Agency that an administrative monetary penalty payment order be issued in regard to market manipulation by Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (Corporate Number: 4010001129098, “MUMSS”) pursuant to Article 20(1) of the Act for Establishment of the Financial Services Agency. This recommendation is based on the findings of an investigation into market manipulation, whereby the following violation of laws and ordinances was identified.

Hong Kong Securities And Futures Commission Endorses Exchange’s Initiative To Tackle Backdoor Listings

Date 29/06/2018

The purpose of this press release is to express the Securities and Futures Commission’s (SFC) support of the proposals in the Stock Exchange of Hong Kong Limited’s (Exchange) consultation paper published today relating to backdoor listings and shell activities.

Shanghai Stock Exchange, China-Belarus Industrial Park Development Hold Promotion Event Of Belarus' Investment Opportunities In B&R Initiative

Date 29/06/2018

The promotion event of Belarus' Investment Opportunities in B&R Initiative, which is jointly organized by the Shanghai Stock Exchange (SSE) and China-Belarus Industrial Park Development Co., Ltd. (CBIP) and co-organized by China Merchants Securities Co., Ltd. (CMS), was lately held in the trading hall of the SSE. This event was attended by over 20 persons, including Zhang Xingfu, Deputy Chief of the Department of Outward Investment and Economic Cooperation of the Ministry of Commerce (MOC), SSE Vice President Que Bo, CBIP CEO Hu Zheng and CMS Party Chief Huo Da, as well as more than 80 representatives from about 35 domestic listed companies. Zhang Xingfu, Que Bo and Hu Zheng delivered their speeches respectively at the event and witnessed the signing of a strategic cooperation agreement between the SSE Global Business Development Department and the CBIP.

AKASOL AG New At The Frankfurt Stock Exchange - First Price At €48.80 - 13th IPO In Frankfurt This Year

Date 29/06/2018

AKASOL AG (ISIN: DE000A2JNWZ9 ) was listed today in the Prime Standard of the Frankfurt Stock Exchange. The shares of the Darmstadt-based battery manufacturer started trading at €48,80 after an issue price of €48.50 Euro. This takes the current number of IPOs in Frankfurt since the beginning of the year to 13.

China’s 1st Shantytown Reconstruction Bond Issued By Tender On Shanghai Stock Exchange

Date 29/06/2018

The 2018 Tianjin Municipality Hongqiao District Shantytown Reconstruction Bond (Phase 1) was successfully issued through the MOF-SSE Government Bonds Issuance System on June 20. It marked an official landing of the 1st shantytown reconstruction bond in China after the issuance of the “Notice of Printing and Releasing the ‘Management Measures on Pilot Issuance of Local Governments’ Shantytown Reconstruction Bonds’” by the Ministry of Finance (MOF) and the Ministry of Housing and Urban-Rural Development on March 1.

BETTER FINANCE: The Key Information Document Will Provide Investors With Misleading And Non-Comparable Future Projections

Date 29/06/2018

On Thursday 28 June, the European fund and asset management industry body issued a press release stressing the worrying shortcomings of the rules governing the Key Information Documents (KID) for Packaged Retail and Insurance-based Investment Products (PRIIPs). This follows the publication of its Evidence Paper that found that the new methodology for calculating transaction costs imposed by the PRIIPs regulation often produces positive “costs” and that the new KID deprives investors of a crucial past performance information.

Shenzhen Stock Exchange Q&As On The 2017 Cash Dividend Distribution Of SZSE-Listed Companies And The Supervision

Date 29/06/2018

1.Q: In 2017, the total amount of cash dividend distributed by listed companies hit a record high. Can you brief about the basic cash dividend situations of SZSE-listed companies? And what’s different from those in previous years?

A: More than 2,100 SZSE-listed companies have disclosed their 2017 annual reports so far. Among them, 1,620 companies, accounting for 77%, have cash dividend distribution plans, with the distribution amount totaling more than CNY220 billion, up by 17% from that in the last year and setting a record high. Among them, a number of companies have continued to devote great efforts to distribute cash dividends, playing a good exemplary role. For instance, VANKE has paid cash dividends every year since its listing in 1991. Its cumulative dividend amount has reached CNY41.21 billion, accounting for more than 25% of its cumulative net profit realized. The cumulative cash dividends of Midea Group have exceeded CNY33 billion, far more than its cumulative financing amount of approximately CNY9.6 billion since its listing. NHU has distributed cash dividends for 14 consecutive years since its listing in 2004, with its cumulative cash dividend surpassing CNY4.5 billion and its average cash dividend ratio over the years exceeding 40%. The companies that have been paying dividends every year since listing include HIKVISION, BY-HEALTH, Inovance Technology, Sino Wealth Electronic and Jingsheng M&E etc. The SZSE-listed companies’ cash dividends in 2017 are of the following characteristics:

Notice Of Releasing “Shanghai Stock Exchange Measures On Implementation Of Pilot Listing And Trading Of Stocks Or Depository Receipts Of Innovative Enterprises”

Date 29/06/2018

To standardize the pilot listing and trading of stocks and depository receipts of innovative enterprises on the Shanghai Stock Exchange (SSE), maintain the market order and protect legitimate rights and interests of investors, the SSE has formulated the “SSE Measures on Implementation of Pilot Listing and Trading of Stocks or Depository Receipts of Innovative Enterprises” (see the attachment) in accordance with such laws, administrative regulations, departmental regulations and normative documents as the “Opinions on Pilot Issuance of Stocks or Depository Receipts by Innovative Enterprises in China’s Mainland” and the “Management Measures (Pilot) on Issuing and Trading of Depository Receipts”, as well as the “SSE Stock Listing Rules” and the “SSE Trading Rules”. It is hereby released and shall come into effect as of the date of issue.

Contineo Announces New CEO

Date 29/06/2018

Contineo, Asia’s largest messaging network and data provider for structured products, announced today that Antoine de Charnacé has been appointed as CEO.