News Centre

Opening Remarks By HKEX Chief Executive Charles Li At Legislative Council Panel On Financial Affairs

Date 03/04/2018

HKEX Chief Executive Charles Li made the following opening statement when he attended a meeting of the Legislative Council’s Panel on Financial Affairs in relation to the “Report on Consultation on a Listing Regime for Companies from Emerging and Innovative Sectors” today (3 April 2018).  

Insurance Firms Still Failing To Meet UK Financial Conduct Authority General Insurance Renewal Rules

Date 03/04/2018

The Financial Conduct Authority (FCA) has warned it will take action against general insurance firms who are failing to properly implement rules introduced to increase transparency and encourage shopping around at renewal time.

ESMA Continues To Focus On Convergence In Enforcement Of IFRS Across The EU

Date 03/04/2018

The European Securities and Markets Authority (ESMA) today publishes its 2017 annual report on the enforcement and regulatory activities of accounting enforcers within the European Union (EU).

SIX Swiss Exchange - Expanded Course Offering: Practical & Compact

Date 03/04/2018

AxiomSL Partners With Genpact For Bespoke IFRS 9 Solution For Risk Modelling

Date 03/04/2018

AxiomSL, the leading provider of regulatory reporting and risk management solutions, today announces the strategic partnership with Genpact, a global professional services firm that delivers digital transformation for clients, to automate and execute bespoke models for IFRS 9. The solution industrialises the rating model process and combines all the building blocks and calculation flows for IFRS 9 as an end-to-end process.

Shanghai Stock Exchange Supports Listing Of Innovation Enterprises In China

Date 03/04/2018

The General Office of the State Council forwarded the "Opinions on Pilot of Innovation Enterprises Issuing Stocks or Depository Receipts in China" of the China Securities Regulatory Commission (CSRC) on March 30, which made clear the guiding thought, pilot principle, pilot enterprises, pilot methods, issuing requirements, the basic systematic arrangement for depository receipts, information disclosure, investor protection, legal responsibility and organizational administration. It represents a milestone systematic innovation of China's capital market in supporting key national strategies and keeping promoting the opening-up progress. On the same day, the CSRC issued the news release and the answers to reporters' requests on the pilot of innovation enterprises issuing stocks or depository receipts in China, as well as the "Decision on Revising the 'Management Measures on IPO and Listing'" and the "Decision on Revising the 'Management Measures on IPO and Listing on Growth Enterprise Board Market'" to solicit opinions from the public, which made clear relevant supporting policies and arrangements.

First Australian Digital Currency Exchange Regulated: Independent Reserve

Date 03/04/2018

Independent Reserve, the Australian digital currency exchange, this afternoon became the first Australian exchange of its kind to be regulated.

The Shenzhen Stock Exchange Firmly Implement The National Strategic Deployment Fully Support The Listing Of Innovative Companies In Domestic Market

Date 03/04/2018

On March 30, the General Office of the State Council forwarded the "Several Opinions on Launching Pilot Project for Innovative Enterprises’ Issuance of Shares or Depositary Receipt in Domestic Market" to the China Securities Regulatory Commission (“CSRC”). On the same day, the CSRC put out a press release on launching pilot project for innovative enterprises’ issuance of shares or depositary receipt in domestic market, answered questions thereof from the press. Meanwhile, the CSRC released “Decision on Amending the Administrative Measures for Initial Public Offering of Stocks and Listings” and “Decision on Amending the Administrative Measures for Initial Public Offering of Stocks and Listings on the ChiNext Board”, and solicited public opinions. Launching pilot project for innovative enterprises’ issuance of shares or depositary receipt in domestic market is a major initiative to deeply implement the spirit of the 19th National Congress of CPC and relevant decision-making deployment of the Party Central Committee and the State Council, and a major groundbreaking measure that give full play to the role of capital market in serving innovation-driven development strategy. The measure is of historical significance in promoting in quality reform, efficiency reform and impetus reform in the economy development.

SEC Halts Fraudulent Scheme Involving Unregistered ICO

Date 03/04/2018

The Securities and Exchange Commission today charged two co-founders of a purported financial services start-up with orchestrating a fraudulent initial coin offering (ICO) that raised more than $32 million from thousands of investors last year.  Criminal authorities separately charged and arrested both defendants. 

Request Network Officially Launches Their Financial Applications Technology On The Ethereum Blockchain - The Anticipated Y-Combinator Backed Project Is Enabling Businesses And Consumers To Formally Request, Send And Receive Payments In Cryptocurrencies Like Bitcoin And Ether, And Allow For Developers To Build Decentralized Financial Applications

Date 02/04/2018

Request Network, a Y-Combinator backed project, has officially launched a financial applications technology that allows anyone to easily request and send cryptocurrency payments for goods, services, or simply conduct money transfers between friends, family and businesses.