News Centre

Shanghai Stock Exchange Tri-party Repo Business Officially Launched

Date 11/05/2018

The 1st tri-party repo trading was completed in the bond market of the Shanghai Stock Exchange (SSE) on May 9, 2018, symbolizing the official launch of the tri-party repo business of the SSE. On the first day, smooth operation has been seen in the tri-party repo market. It is learnt that 7 institutions, including Tianhong Asset Management, Everbright Securities, Guotai Jun'an Securities, CITIC Securities, GF Securities, Industrial Securities and CIB Fund Management, participated in the trading of tri-party repo business. A total of 8 contracts were concluded on that day, with the total trading amount of RMB370 million, the trading period between 1 to 7 days, and the interest rate between 3.0% and 3.3%. Besides, there is repo financing based on interest rate bond basket and high-grade public offering bond basket and that based on such high-grade private placement bond basket as asset-based securities (ABS), presenting a wide range of collateral bond baskets. And all kinds of collateral bonds can engage in financing via the tri-party repo business.

Shenzhen Stock Exchange Launched The First Talent Rental Housing REITs In China

Date 11/05/2018

On May 9, Shenzhen Stock Exchange (hereinafter as “SZSE”) approved the Talent Rental Housing Asset-backed Special Plan (hereinafter as the “SCGC Talent Housing Special Plan”) to be jointly launched by Shenzhen Capital Group and Shenzhen Talents Housing Group. As the nation’s first Talent Rental Housing REITs (short for “Real Estate Investment Trust”), the plan is a mile stone of SZSE’s efforts to implement the guiding principle of the 19th CPC National Congress to “speed up the construction of a multi-channel housing system with housing supplies from multiple parties and that encourages both housing rental and purchases”, and an important innovation to implement the Notice on Pushing Forward Relevant Work on Securitization of Rental Housing Assets as issued by China Securities Regulatory Commission (hereinafter as “CSRC”) and Ministry of Housing and Urban-Rural Development of PRC.

NZX CEO Remuneration Disclosure

Date 11/05/2018

The NZX Board confirms CEO Mark Peterson’s remuneration disclosure for 2018.

Hong Kong's Securities And Futures Commission CEO Reappointed Chair Of IOSCO Board

Date 11/05/2018

The Securities and Futures Commission (SFC) is pleased to announce that its Chief Executive Officer, Mr Ashley Alder, has been reappointed as Chair of the new Board of the International Organization of Securities Commissions (IOSCO) at IOSCO’s annual conference in Budapest.

B3 Announces Results For The First Quarter Of 2018

Date 11/05/2018

• Double-digit revenue growth for BM&F (+23.4%), Bovespa (+30.1%) and Cetip Liens and Loans (+16.1%) segments.
• New business model adopted for the vehicle loans Contracts System service (Cetip liens and loans segment) impacted revenues, expenses and net income, and led to the release of a new guidance.
• 1Q18 recurring net income1 reached R$448.2 million, while adjusted EBITDA2 was R$760.2 million.

IMF Managing Director Christine Lagarde And Argentina’s Treasury Minister Nicolas Dujovne Meet To Discuss IMF Financial Support

Date 10/05/2018

Ms. Christine Lagarde, Managing Director of the International Monetary Fund, and Argentina’s Treasury Minister Nicolas Dujovne met in Washington today to discuss the Argentine authorities’ request for financial support. Ms. Lagarde made the following statement at the conclusion of the meeting:

United States And United Arab Emirates Disrupt Large Scale Currency Exchange Network Transferring Millions Of Dollars To The IRGC-QF

Date 10/05/2018

Today the United States and the United Arab Emirates (UAE) jointly took action to disrupt an extensive currency exchange network in Iran and the UAE that has procured and transferred millions in U.S. dollar-denominated bulk cash to Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) to fund its malign activities and regional proxy groups. Specifically, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated nine Iranian individuals and entities. Iran’s Central Bank was complicit in the IRGC-QF’s scheme and actively supported this network’s currency conversion and enabled its access to funds that it held in its foreign bank accounts. This network of exchangers and couriers has converted hundreds of millions of dollars.

US Department Of Justice: Former Currency Trader Indicted For Participating In Antitrust Conspiracy

Date 10/05/2018

A federal grand jury returned an indictment against Akshay Aiyer, a former currency trader at a major U.S. bank, for his alleged role in a conspiracy to manipulate prices in the foreign currency exchange (FX) market, the Justice Department announced today. 

Alberta Securities Commission Announces Appointment Of New Vice-Chair

Date 10/05/2018

The Alberta Securities Commission (ASC) is pleased to announce that the Lieutenant Governor in Council has appointed Kari Horn as a Vice-Chair of the ASC for a term to expire on April 30, 2024.

FESE: Input To The European Commission On Its Proposal For A Regulation On European Crowdfunding Service Providers (ECSP) For Business

Date 10/05/2018

FESE fully supports the Commission’s objective of increasing the harmonisation of crowdfunding activity and reviewing potential barriers to cross-border transactions, both initiatives which could help to bolster an important source of capital for early-stage companies.