News Centre

MiFID II Reducing Volume & Quality Of Research On Small And Mid-Size Companies While Negatively Impacting Liquidity

Date 23/04/2018

Following the implementation of MiFID II in January 2018, a new survey reveals that UK fund managers believe the more stringent financial regulations are having a detrimental impact on small and mid-size quoted companies, both in terms of their research coverage and liquidity in their shares.

Vienna Stock Exchange: International Institutional Investors Continue To Dominate The Austrian Prime Market

Date 23/04/2018

• Study: Institutional investors hold more than two thirds of free float of Austrian companies listed on the prime market
• Geographic distribution: US (28.4%) ahead of Austria (20.7%) and Great Britain (15.2%)
• Top institutional investors: Sovereign fund Norges (NO), Vanguard Group (US) and Black Rock Fund Advisors (US)
• Passive investments continue to gain ground

China Securities Depository And Clearing Corporation And Shenzhen Stock Exchange Issue The Implementation Rules For The Pilot Project On "Full Circulation" Of H-Shares (Trial)

Date 23/04/2018

In order to implement the decisions of the 19th CPC National Congress on full opening-up and support the efficient launch of a pilot project on "full circulation" of H-shares, with approval from the China Securities Regulatory Commission (CSRC), China Securities Depository and Clearing Corporation Limited (CSDC) and the Shenzhen Stock Exchange (SZSE) jointly issued on April 20 the Implementation Rules for the Pilot Project on “Full Circulation” of H-Shares (Trial) (hereinafter referred to as Implementation Rules), which shall become effective as of the same day.

ASIC And DJSB Sign Memorandum Of Understanding For Enhanced Co-operation

Date 23/04/2018

The Australian Securities and Investments Commission (ASIC) and the Australian Government Department of Jobs and Small Business (DJSB) have today announced the signing of a Memorandum of Understanding (MOU).

FinTech Hive at DIFC Broadens 2018 Programme, Expands International Outreach - New Programme Will Offer A Myriad Of Opportunities For Innovators In The Region While Welcoming New And Returning Financial Institution Partners

Date 23/04/2018

FinTech Hive at DIFC, the first financial technology accelerator in the region established by the Dubai International Financial Centre (DIFC), today announced that its upcoming programme will expand its themes to include insurance, Islamic finance, and regulatory technology services.

“2018 Press Tour Of Shenzhen Stock Exchange” Held To Further Transparency Building

Date 23/04/2018

“Press Tour to the Shenzhen Stock Exchange (SZSE) 2018” was held from April 19th to 20th. It’s a major move of SZSE to meet the requirements of the CPC Central Committee and the China Securities Regulatory Commission (CSRC) on improving public opinions, strengthen exchanges with the press, and promote openness and transparency of the exchange in an all-round manner. Nearly 30 representatives from 15 media organizations, at national and financial levels, participated in the event.

Shenzhen Stock Exchange Seriously Treats *ST SWGC’s Violation In Disclosure Of Environmental Protection Information In Accordance With Laws And Regulations

Date 23/04/2018

CCTV Finance Channel reported in the evening of 17 April the serious environmental violations of Shanxi Sanwei Group Co., Ltd. (hereafter referred to as “*ST SWGC” or the “Company”) such as dumping industrial solid waste and releasing industrial sewage. Such vilations of the Company has seriously damaged the surrounding environment and have bad social impact, attracting considerable attention from the market.

Notice On Revising Certain Articles Of The Rules Governing The Listing Of Stocks On Shanghai Stock Exchange

Date 23/04/2018

To further standardize the corporate governance of listed companies, the Shanghai Stock Exchange (hereinafter referred to as the "SSE") has revised the "Rules Governing the Listing of Stocks on Shanghai Stock Exchange (2014 Revised Version)" and added the relevant provisions as follows:

1. A new article is added as Article 3.1.6: "A listed company shall establish an Audit Committee under the board of directors. The internal audit department shall be responsible to the Audit Committee and report to the Audit Committee. The independent directors shall account for more than half of the Audit Committee members and act as the convener. At least one independent director should be a professional accountant."

New Zealand's Financial Markets Authority Applies To Court To Liquidate Forestlands Companies

Date 23/04/2018

The Financial Markets Authority (FMA) has applied to the High Court to place the Forestlands companies numbered 2-20 into liquidation.

UBS's First-Quarter 2018 Results

Date 23/04/2018

• 1Q18 net profit up 19% YoY to CHF 1.5bn
• Reported profit before tax (PBT) CHF 2.0bn, +17% YoY, +24% in USD
• Adjusted RoTE excluding DTAs 17.8%, diluted EPS CHF 0.39
• CHF 1.1bn adjusted PBT in Global Wealth Management, +7% YoY, +14% in USD
• CHF 50bn net new money in wealth and asset management businesses
• CET1 capital ratio 13.1% and CET1 leverage ratio 3.76%
• World's first 100% sustainable cross-asset portfolio for private clients launched