News Centre

Shanghai Stock Exchange: A Recap Of Eight Developments On “Eight Measures” Half Year Into Its Implementation

Date 19/12/2024

On June 19 this year, China Securities Regulatory Commission issued the Eight Measures on Deepening the STAR Market Reform and Serving Scientific and Technological Innovation and the Development of New Quality Productive Forces (hereinafter referred to as the "Eight Measures"), proposing a package of reform measures and pointing out the direction for the STAR Market reform. The implementation of the Eight Measures has gone well. In particular, positive progress has been made in activating the M&A market, optimizing the issuance and underwriting system, and accelerating the research and development of index products. 

APAC Deal Activity Down 3.6% During January-November 2024, Reveals GlobalData

Date 19/12/2024

A total of 13,111 deals (mergers & acquisitions (M&A), private equity and venture financing) were announced in the Asia-Pacific (APAC) region during January-November 2024 period, which represents a decline of 3.6% compared to the 13,601 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics company.

CEO Of World Gold Council Visits Shanghai Gold Exchange

Date 19/12/2024

On December 16, 2024, David Tait, CEO of World Gold Council (WGC), and Wang Lixin, CEO of WGC China, visited the Shanghai Gold Exchange (SGE) and met with  Chairman Yu Wenjian. SGE Vice President Teng Wei also attended the meeting.

Japan Financial Services Agency Blockchain International Joint Research Project - Research Report On "The Evolution Of Tokenization In The Financial Sector And The Feasibility Of The Use Of Blockchain Technology For RegTech/SupTech”

Date 19/12/2024

Technological innovations such as blockchain have the potential to not only digitize financial services but also to implement financial systems with a certain degree of programmability through the tokenization of payment methods and financial products (e.g., stable coins, tokenized deposits, security tokens). It is imperative to identify and analyze key issues for the development of a robust financial system, while considering both the opportunities and risks associated with these advancements, including crypto-assets, which represent the initial application of blockchain technology.

Statement On 2025 PCAOB Budget, SEC Commissioner Mark T. Uyeda

Date 18/12/2024

Thank you, Chair Gensler and Chair Williams, for your presentations.

At today’s meeting on the PCAOB’s 2025 budget, you may hear references to how its budget is increasing “only” 3.9% from last year, compared to double-digit increases during the past two years. However, for this year-over-year comparison to be meaningful, the starting premise must be that the 2024 budget was reasonable and supportable. As I stated last December, it was not.

Statement In Support Of The PCAOB’s 2025 Budget, SEC Commissioner Caroline A. Crenshaw

Date 18/12/2024

I’m happy today to support the PCAOB’s budget.  The budget is reasonably calibrated to help the PCAOB effect its mission of protecting investors and furthering the public interest in its regulation of public company and broker dealer audit reports. 

Integrity And Transparency In Financial Reporting: The PCAOB’s FY 2025 Budget, SEC Commissioner Jaime Lizárraga

Date 18/12/2024

In 2002, Congress enacted the Sarbanes-Oxley Act in response to the accounting scandals of that time. The law targeted the glaring deficiencies of a self-policing system of financial reporting rife with conflicts of interest. The large-scale accounting frauds this system produced inflicted substantial harm to investors and to our capital markets.

Part I.A. Like It’s 1999: Statement At The Open Meeting To Consider The Public Company Accounting Oversight Board’s 2025 Final Budget And Accounting Support Fee, SEC Commissioner Hester M. Peirce

Date 18/12/2024

Thank you, Mr. Chair. Welcome, Chair Williams. The PCAOB has a vital, though deliberately limited, core mission: to “protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports.”[1] The Commission has oversight authority over the Board, which includes reviewing the budget and annual accounting support fee. Commission oversight is important. Issuers and broker-dealers bear the direct costs of funding the Board, some of which get passed on to investors. If the PCAOB fails to use its budgeted resources wisely, investors, the economy, and the audit profession pay indirectly in the form of impaired functioning of the capital markets.

Resolve To Spot Scams In 2025 Says A New CFTC Customer Advisory

Date 18/12/2024

A new CFTC customer advisory suggests adding “spotting scams” to your list of New Year’s resolutions.

The Office of Customer Education and Outreach’s Avoiding Fraud May be Your Best Resolution says that with scammers robbing billions of dollars from Americans through relationship investment scams, resolving to be careful about who you trust online, staying informed, and learning all you can about trading risks are admirable 2025 resolutions.

Federal Reserve Issues FOMC Statement

Date 18/12/2024

Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's 2 percent objective but remains somewhat elevated.