News Centre

Monetary Authority Of Singapore And SGX: Beware Of Risks Related To Trading Incited By Online Discussions

Date 02/02/2021

The Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) advise the investing public to be on heightened alert to the risks related to trading in securities incited by online discussion forums and social media chat groups. This follows SGX RegCo’s 10 December 2020 warning to the public of “pump and dump” activities exploiting Telegram chats and other social media channels (link here ).

Worldline Recognised As A Global Cloud Contact Centre Provider By OMDIA

Date 02/02/2021

Worldline [Euronext: WLN], the European market leader in payment and transaction services and #4 player worldwide, is pleased to be recognised as a global cloud contact centre provider by OMDIA, the global technology research powerhouse.

InvestCloud Recapitalizes At $1 Billion And Integrates Two New Businesses To Create A Financial Technology Leader With A SaaS Global Wealth Solutions Platform Having Over $4 Trillion In Assets - New Financial Investors, Led By Motive Partners And Clearlake Capital, Partner To Create Next-Generation SaaS Wealth Solutions Platform With InvestCloud

Date 02/02/2021

InvestCloud, an award winning global FinTech firm has completed a recapitalization that values the business at $1 billion. New financial investors are led by Motive Partners (“Motive”) with Clearlake Capital Group, L.P. (“Clearlake”) and include other InvestCloud client shareholders. Under the terms of the agreement, Motive Partners will also contribute two portfolio businesses, Finantix and Tegra118, into InvestCloud, creating a global Software-as-a-Service (“SaaS”) wealth solutions platform.

Shanghai Gold Exchange: Notification On Recent Market Risk Prevention

Date 02/02/2021

Affected by recent volatile gold and silver prices, the market risks have increased significantly. Meanwhile, the Spring Festival is approaching, all members shall raise risk awareness, ensure risk contingency plans be in place. Please kindly remind your customers to properly manage the risk, make rational investment and position management.

US, China Remain Preferred Destinations For High-Value VC Investments In 2020, Reveals GlobalData

Date 02/02/2021

With the COVID-19 pandemic dominating the headlines, the fear of uncertainty gripped the financial markets and investors remained cautious in 2020. However, the US and China managed to attract the highest number of high-value venture capital (VC) investments (>=US$100m), collectively accounting for more than 75% of the volume and value of such deals, according to GlobalData, a leading data and analytics company.

UK Financial Conduct Authority Publishes Review Into Unsecured Credit Market

Date 02/02/2021

The FCA has published a report on change and innovation in the unsecured consumer credit market following a Review by its former Interim Chief Executive, Christopher Woolard CBE.

Bursa Malaysia Announces Record RM377.7 Million Profit After Tax, Zakat And Minority Interest For The Financial Year Ended 31 December 2020

Date 02/02/2021

Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) recorded a Profit After Tax, Zakat and Minority Interest (“PATZAMI”) of RM377.7 million for the financial year ended 31 December 2020 (“FY2020”), a 103.2% increase from RM185.9 million reported in the previous financial year ended 31 December 2019 (“FY2019”). The increase in PATZAMI was due to the improved performance in the Securities and Derivatives Markets, which recorded a higher operating revenue of RM778.8 million from RM480.1 million in FY2019, an increase of 62.2%. This is Bursa Malaysia’s highest full-year financial results since its listing in 2005. 

SGX Issues EUR240 Million In Maiden Convertible Bond Issuance

Date 02/02/2021

• Issue of zero-coupon convertible bonds due 2024 has been fully placed with a high-quality book of institutional investors

Shenzhen Stock Exchange Press Secretary Answers Reporters' Questions On The Official Release Of Supporting Business Rules For Publicly Offered Infrastructure REITs

Date 02/02/2021

To ensure smooth implementation of pilot projects of publicly offered infrastructure REITs, standardize the listing review, continuous regulation and trading operations of publicly offered infrastructure REITs, maintain normal market order, and protect investors’ legitimate rights and interests, SZSE, based on the opinions previously solicited from the market, officially released three sets of supporting rules for publicly offered infrastructure REITs on January 29 according to the overall plan of China Securities Regulatory Commission (CSRC). SZSE Press Secretary answered reporters’ questions on topics that the market is concerned about such as the progress of pilot projects, the formulation of the rules and next-step work arrangements.

"Pushing Ahead With SOR-SORA Transition In 2021" - Keynote Speech By Mr Leong Sing Chiong, Deputy Managing Director (Markets & Development), Monetary Authority Of Singapore, At ASIFMA Virtual Event: Singapore IBOR Transition On 2 February 2021

Date 02/02/2021

Good morning everyone. First, let me take this opportunity to wish everyone a Happy New Year!  Let me also thank the Asia Securities Industry & Financial Markets Association (ASIFMA) and the Association of Banks in Singapore (ABS) for organising this webinar and inviting me to speak on the important issue of Singapore’s interest rate benchmark transition.