News Centre

Shenzhen Innovation And Entrepreneurship Bonds Boosting Development Of Innovative Companies And Start-ups

Date 20/03/2018

Recently, Shenzhen Capital Group Co., Ltd ("SCGC") issued the second tranche of Innovation and Entrepreneurship Corporate Bonds via Shenzhen Stock Exchange (“SZSE”), which also issued a Letter of No Objection as regards the 680 million yuan private placement of Innovation and Entrepreneurship Bonds by Shenzhen Co-Stone Asset Management Co., Ltd. ("Co-Stone Asset") and 800 million yuan private placement of corporate bonds of the same nature by ChinaEquity Group ("CEG" for short). Since the release of the Guidance of China Securities Regulatory Commission on Lauching the Pilot Program of Innovation and Entrepreneurship Bonds, the Innovation and Entrepreneurship Bond pilot programs for venture capital firms have been ever expanding.

Shanghai Stock Exchange: New Housing Rental Corporate Bonds Added

Date 20/03/2018

Recently, the publicly offered and non-publicly offered housing rental corporate bonds simultaneously applied for by Greentown Real Estate Group Co., Ltd. have been preliminarily approved by the Shanghai Stock Exchange (SSE) and received no-objection letters. It is another import measure of the SSE to keep practicing national policy and boosting the development of housing rental market under the leadership of the China Securities Regulatory Commission (CSRC) after the 1st publicly offered housing rental corporate bond of Longfor Properties Co., Ltd. in China and the 1st rental housing REITs of Poly Real Estate Group Co., Ltd. in China.

Kyber Network Opens Its Decentralized Crypto-Exchange To The Public - At A Time When There Is Increasing Scrutiny About The Security And Transparency Of Centralized Exchanges, The Highly Anticipated, Fully Decentralized Cryptocurrency Exchange Is Opening Its Door To Public With Their Beta Launch On The Ethereum Mainnet.

Date 19/03/2018

Kyber Network, a highly anticipated decentralized cryptocurrency exchange who conducted one of the most successful crowdfunding events of 2017, has today announced that their public beta is open to the public. The company hopes to provide a trustless, fully decentralized exchange that provides a high level of liquidity for users, an industry first.

SEC: Keynote Address, ICI 2018 Mutual Funds And Investment Management Conference - Dalia Blass, Director, Division of Investment Management

Date 19/03/2018

Introduction

Good morning. Thank you, Susan [Olson], for that kind introduction. I want to thank everyone here for the opportunity to speak with you today. It is not every day that I can talk with so many of the professionals in the field at one gathering. And I have the privilege of speaking on the same day as Commissioner Hester Peirce. Commissioner Peirce and Commissioner Rob Jackson joined the Commission together earlier this year, and they have brought with them incredibly valuable perspectives on asset management. I would recommend taking any opportunity you can to hear them speak. I look forward to joining you to hear Commissioner Peirce’s remarks later.

IIROC, Prosper Canada And CARP Congratulate Manitoba Government For Strengthening Investor Protection - Legislative Changes Aimed At More-Effective Regulation

Date 19/03/2018

The Investment Industry Regulatory Organization of Canada (IIROC), Prosper Canada and CARP today praised the Government of Manitoba for introducing legislation to give IIROC more effective tools to protect Manitoba investors.

The European Central Bank And The South African Reserve Bank Sign A Memorandum Of Understanding On Cooperation

Date 19/03/2018

The European Central Bank (ECB) and the South African Reserve Bank (SARB) on Monday in Buenos Aires signed a Memorandum of Understanding on cooperation in the field of central banking. The Memorandum of Understanding provides a framework for a regular exchange of information, policy dialogue and technical cooperation between the two institutions. Technical cooperation may inter alia take the form of joint seminars and workshops in areas of mutual interest in the field of central banking.

SMSG Advice - Response To ESMA’s Consultation Paper On Draft Regulatory Technical Standards Under The New Prospectus Regulation

Date 19/03/2018

Executive summary

The SMSG welcomes the proposed RTS under the new Prospectus Regulation. We strongly believe that a successful review of the Prospectus rules should result in an increased level of investor protection and a true reduction of costs for issuers, without additional burdens imposed.

We believe that issuers should be given flexibility with regard to the number and format of the KFI to be included in the summary, e.g. flexibility to decide to include KFI extracted from the cash flow statement or not. The limit on the number of pages will already prevent unnecessary information being included in the summary.

Lastly, we recommend finding a balance between the technological evolution and state of the art solutions that could ease disclosure of information for investors and potential related issues in terms of security and liability for issuers.

SEC: Broker Charged With Repeatedly Putting Customer Assets At Risk

Date 19/03/2018

The Securities and Exchange Commission today announced that Electronic Transaction Clearing (ETC), a registered broker-dealer headquartered in Los Angeles, has agreed to settle charges that it illegally placed more than $25 million of customers’ securities at risk in order to fund its own operations.

EBA Published An Assessment Of The Current Credit Risk Mitigation Framework

Date 19/03/2018

The European Banking Authority (EBA) published today a Report, which assesses the current Credit Risk Mitigation (CRM) framework, as part of its work on the review of the IRB approach. This Report is part of the 4th and last phase of the EBA's roadmap on the IRB approach, which also includes a review of supervisory practices, a harmonised definition of default and clarifications on modelling approaches to be used by institutions. 

Hong Kong And Brazil Sign MOU For Enhanced Co-operation And Direct Investment

Date 19/03/2018

Invest Hong Kong (InvestHK) and Apex-Brazil signed an MOU in Sao Paulo on Friday aimed at enhancing mutual co-operation in generating more direct investment between the two regions. The MOU was signed by the InvestHK Director-General of Investment Promotion Mr Stephen Phillips, and the President of Apex-Brasil, Government of the Federative Republic of Brazil, Mr Roberto Jaguaribe.