News Centre

HKEx Announces Details Of Temporary Holiday Risk Management Arrangemen

Date 12/02/2015

 Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following details of the holiday risk management arrangements.

Trading Of China Sky Shares Will Resume After Company’s Board Complies With SGX Conditions

Date 12/02/2015

SGX will permit trading in China Sky Chemical Fibre Co., Ltd (China Sky or the Company) shares to resume once the Company complies with conditions imposed by SGX. The Monetary Authority of Singapore (MAS) and former China Sky CEO, Huang Zhong Xuan (Mr Huang), have reached a civil settlement for Mr Huang’s contraventions under the Securities and Futures Act (SFA). As part of a civil settlement, Mr Huang will pay a civil penalty and will make an offer to China Sky to surrender 10% of his shareholding in the Company (Share Surrender). The surrender would increase the net asset value per share for existing China Sky shareholders.

Monetary Authority Of Singapore: Former China Sky CEO Huang Zhong Xuan Pays Civil Penalty Of $2.5 Million And Offers To Surrender 10% Of His Shareholdings In China Sky

Date 12/02/2015

The Monetary Authority of Singapore (MAS) has entered into a settlement agreement with Mr Huang Zhong Xuan (Huang), former chief executive officer (CEO) of China Sky Chemical Fibre Co., Ltd (China Sky), under which Huang will pay a civil penalty of $2.5 million for making misleading public disclosures and failing to make the required disclosures to the market thereby contravening the Securities and Futures Act (SFA).

Request From EMAAR Misr For Development To List On EGX

Date 12/02/2015

EMAAR Misr for Development applied today to list on the Egyptian Exchange (EGX). The company's nominal capital value is about LE 878 million allocated to approximately 87 million shares.

Liquidity Matters - Speech By Dame Clara Furse, External Member Of The Financial Policy Committee, Bank Of England

Date 12/02/2015

In a speech to regional business contacts on Wednesday, Dame Clara discusses the challenges of encouraging and promoting greater use of market-based finance at a time when the banking system is undergoing structural changes, which may be impacting on the liquidity of markets through which such finance is provided.

Euroclear And Peru In Landmark Agreement To Develop International Link

Date 12/02/2015

Euroclear, the Brussels based international central securities depository, and Peru’s Ministry of Economy and Finance have signed a memorandum of understanding committing to cooperate in the development of a new ‘international link’ for Peru. Once implemented, the international link (i-link) will allow domestic Peruvian issuers to efficiently tap into the international liquidity pool provided by Euroclear’s global investor client base. The agreement also allows Peruvian investors to trade with international counterparties, thus enhancing Peru’s reputation as a leading capital market within Latin America.

FTSE Launches UK Level Annuity Index Series

Date 12/02/2015

• New series reflects changes in annuity prices
• Will help users benchmark retirement objectives
• Innovative series designed in collaboration with Legal & General Investment Management

Richard Cummings Appointed CEO Cashfac Technologies

Date 12/02/2015

Cashfac Technologies, a global leader in Cash Management solutions, today announced Richard Cummings has been appointed CEO. Cummings joined Cashfac as Deputy CEO in March 2014, since which time the organisation has secured a number of significant new Corporate Clients and Bank Partners who white-label Cashfac's cash management platform.

Xetra/Börse Frankfurt: New UBS ETF Launched On Xetra - ETF Offers First-Time Access To Euro Zone Equities With Currency Hedging Against US Dollar

Date 12/02/2015

A new exchange-listed equity index fund issued by UBS AG has been tradable in Deutsche Börse's XTF segment on Xetra since Thursday:  

SWIFT Institute Announces Research Agenda For 2015 - Research Will Focus On Real-Time Payments, Virtual Currencies, Data Usage, Liquidity And Anti-Money Laundering

Date 12/02/2015

The SWIFT Institute will publish a series of research papers in 2015 focusing on key challenges facing the global financial community. Research topics include, cyber security cost models, financial data usage, real-time retail payments and settlement, anti-money laundering, the influence of virtual currencies, and women in finance.