News Centre

UK's Financial Conduct Authority Imposes £2.1m Fine And Places Restriction On Bank Of Beirut After It Misled The Regulator

Date 05/03/2015

The Bank of Beirut (UK) Ltd (Bank of Beirut) has been fined £2.1m by the Financial Conduct Authority (FCA) and stopped from acquiring new customers from high-risk jurisdictions for 126 days. In addition, the FCA has fined two approved persons at the bank.

HKEx Consolidated Financial Statements For The Year Ended 31 December 2014

Date 05/03/2015

As at 5 March 2015, the board of directors of Hong Kong Exchanges and Clearing Limited (HKEx) comprises 12 Independent Non-executive Directors, namely Mr CHOW Chung Kong (Chairman), Mr CHAN Tze Ching, Ignatius, Mr Timothy George FRESHWATER, Mr John Barrie HARRISON, Dr HU Zuliu, Fred, Mr HUI Chiu Chung, Stephen, Dr KWOK Chi Piu, Bill, Mr LEE Kwan Ho, Vincent Marshall, Mr LEE Tze Hau, Michael, Mrs LEUNG KO May Yee, Margaret, Mr John Mackay McCulloch WILLIAMSON and Mr WONG Sai Hung, Oscar, and one Executive Director, Mr LI Xiaojia, Charles, who is also HKEx’s Chief Executive.

Moscow Exchange: Additional Trading Session Start Times On 13, 16, And 17 March

Date 05/03/2015

As 13, 16, and 17 March are expiration dates for options on Moscow Exchange's Derivatives Market, the Derivatives Market's evening additional trading session will begin at 7:10 pm rather than the usual 7:00 pm on these dates.

SGX: No Changes To STI After Quarterly Review

Date 05/03/2015

Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) announced today that constituents of the Straits Times Index (STI) will remain unchanged following the conclusion of its quarterly review.

HKEx 2014 Remuneration Committee Report

Date 05/03/2015

The Remuneration Committee (RC) is delegated by the Board with the responsibility to establish, review, and make recommendations to the Board on the Group’s remuneration policy and practices. The RC ensures that all employees and Executive and Non-executive Directors are appropriately remunerated in accordance with the Group’s strategy as well as its long-term and short-term performance. The RC comprises 5 INEDs whose names are set out on page 8. Its detailed terms of reference are available under the About HKEx (Organisation) section of the HKEx website.

Consumers Struggling To Understand Structured Products As UK's Financial Conduct Authority Calls For Improvements From Firms

Date 05/03/2015

A behavioural economics research paper published today by the Financial Conduct Authority (FCA) has found that many consumers overestimate the expected returns on structured deposits.

Securities Commission Malaysia: Malaysian Capital Market Grew To RM2.76 Trillion In 2014 - RM91.9 Billion Raised Through Private Debt Securities And Initial Public Offerings

Date 05/03/2015

The Malaysian capital market grew to RM2.76 trillion in 2014, equivalent to 2.6 times the size of the Malaysian economy, and remained resilient in an environment of global uncertainties, said the Securities Commission Malaysia (SC) in conjunction with the release of its annual report.

Korea Exchange: Vibrant KONEX Market With Expanded Trading Volume

Date 05/03/2015

Recently, the KONEX market grows rapidly in both trading volume and the number of stocks traded. In 2015, the average daily trading value of the KONEX market increased as much as 200% year on year (KRW 390 mil KRW 830 mil). In February, the average daily trading value posted KRW 930 mil. 

Shenzhen Stock Exchange: A Seminar Held In Jinan On Micro-Credit Companies’ Linkage To Multi-Tiered Capital Market

Date 05/03/2015

To discuss the sustainable development of small-micro finance under new era of economic development and facilitate a better linkage between small-loan companies and multi-tiered capital market, a seminar was held on Mar 3rd, 2015 in Jinan about small-loan companies’ linkage to multi-tiered capital market, aiming at strengthening small-loan companies’ role in providing comprehensive financial services for medium, small and micro-sized enterprises and a better support for the development of agriculture, rural areas and farmers and medium, small and micro-sized enterprises. The seminar was hosted by Shenzhen Securities Information Co., Ltd. with China Association of Micro-credit, Shandong Provincial Financial Office and Shenzhen Stock Exchange as co-sponsors, on which issues were explored such as global development of small-loan business and its experience, the importance and significance of small-loan asset securitization, listed prospects and financing channels of small-loan companies. Xia Geng, Vice Governor of Shandong Province, Min Luhao, President of China Association of Micro-credit, Li Yongjian, Director of Shandong Provincial Financial Office and Song Liping, President and CEO of SZSE, all the four leaders above attended and addressed the seminar. Guests also included those who lead small-loan companies, associations of small-loan companies and financial offices nationwide, totaling over 650. 

HKEx 2014 Final Results

Date 05/03/2015

• Revenue and other income reached $9.8 billion and increased by 13 per cent ($1,126 million) compared with 2013.
• The overall growth in revenue and other income reflects increased trading volumes and related revenue as well as growth in all other categories of revenue and income. The launch of LME Clear in September 2014 also contributed to the revenue growth. The increase over 2013 was reduced by the impact of gains on the Group’s investment in LCH.Clearnet Group Limited, which were $85 million higher in 2013.
• Operating expenses increased by 7 per cent against 2013 mainly due to higher staff costs attributable to increased headcount as well as higher legal fees for defending litigation in the UK and the US. This was partly offset by recoveries and receivables of $77 million from the liquidators of LBSA in 2014.
• EBITDA increased by 16 per cent compared to 2013. The overall EBITDA margin increased by 2 per cent from 68 per cent in 2013 to 70 per cent in 2014 as the growth in revenue and other income outpaced the 7 per cent increase in operating expenses.
• Profit attributable to shareholders increased by 13 per cent ($613 million) to $5,165 million. Higher EBITDA was partly offset by an increase in depreciation and amortisation, due primarily to new systems launched during the year (including LME Clear) and the Hong Kong data centre at Tseung Kwan O, the final phase of which was completed in late 2013, together with the effect of a one-off deferred tax credit of $108 million in 2013 arising from a reduction of the Corporation Tax rate in the UK.