News Centre

DTCC Appoints Bob Stewart As Executive Director Of ITP Product Management

Date 27/10/2020

Bob Stewart has joined DTCC’s Institutional Trade Processing (ITP) team, where he is responsible leading critical industry initiatives that drive further automation in the institutional post-trade process. Within this role, he will partner with the industry to achieve the ITP vision and strategy to drive an integrated post-trade lifecycle through settlement finality, develop solutions to help our clients prepare and manage CSDR requirements, and focus on the continued adoption of ALERT, DTCC’s standing settlement instruction database.  

Shenzhen Stock Exchange Market Bulletin, October 27, 2020 (Issue 31

Date 27/10/2020

China’s President Xi Jinping attended a grand gathering and delivered an important speech in Shenzhen celebrating the 40th anniversary of Shenzhen Special Economic Zone (SEZ) on Oct 14. Shenzhen should deepen reform on all fronts, Xi said, noting that the CPC Central Committee supports the city in implementing pilot programs to deepen comprehensive reform. He also encouraged Shenzhen to expand all-round opening up, calling for efforts to accelerate opening-up while improving institutional arrangements, and explore a more flexible policy system and a more scientific management system in terms of domestic and foreign trade, investment and financing, finance and taxation, financial innovation, as well as personnel exit and entry.

Fully Leverage The Role Of Exchange Platform For International Investors And Promote High-Level Two-Way Opening-Up Of Capital Markets - Shanghai Stock Exchange Global Investors Conference 2020 Inaugurates Today

Date 27/10/2020

On October 27th, the “Shanghai Stock Exchange Global Investors Conference 2020” inaugurates in Shanghai. The three-day event is attended by prominent experts in the industry with a highly diversified agenda featuring the most cutting-edge topics.

SZSE Releases ChiNext Market Technology And Pharmaceutical Indices To Enrich Index Investing Tools For ChiNext Market

Date 27/10/2020

On October 26, SZSE, together with its wholly-owned subsidiary, Shenzhen Securities Information Co., Ltd. (SSIC), released the ChiNext Technology Index (“ChiNext Technology” for short, Index Code: 399276) and ChiNext Pharmaceutical Index (“ChiNext Pharmaceutical” for short, Index Code: 399275), in a bid to further enrich index investing tools for the ChiNext market.

Allica Bank Breaks Through £100m In Committed Loan Offers Since June, As It Experiences Surge In Demand From SMEs Outside Covid Lending Schemes - Latest Research Shows Worrying Funding Gap Emerging For Established Smes As Mainstream Banks’ Appetite For SME lending declines

Date 27/10/2020

• New SME challenger, Allica Bank, has made £100m of committed loan offers to SMEs since the end of the national lockdown in June – the bank has now issued over £250m of approvals in principle for loans in 2020, with nearly £200m of this coming since June
• Allica’s national survey of SME finance brokers shows a significant 64% drop in the supply of SME lending outside Government Covid lending schemes
• Lending outlook weakest for established, mid sized SMEs – latest Bank of England data forecasts SMEs with £1m-£25m turnover to experience a stark 24% fall in credit availability over the next three months

BETTER FINANCE: Dismantling The Estonian Pension System Is Not The Answer

Date 27/10/2020

On Tuesday, 20 October 2020, the Supreme Court of Estonia ruled that the current government’s hotly contested pensions “reform” is not unconstitutional. The reform is set to dismantle the foundation of the second (occupational) pillar of the Estonian pension system. It is worth noting that many of the Judges who ruled in its favour, did admit that although the law is likely to have an overall negative effect on second pillar pensions and does violate some property rights, it does not breach the Constitution.

Bursa Malaysia Announces RM272.9 Million Profit After Tax And Minority Interest For The Nine Months Ended 30 September 2020

Date 27/10/2020

Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) recorded a Profit After Tax and Minority Interest (“PATAMI”) of RM272.9 million for the nine-month financial period ended 30 September 2020 (“9M2020”), a 94.5% increase from RM140.3 million reported in the previous corresponding period ended 30 September 2019 (“9M2019”). The increase in PATAMI is due to higher operating revenue, which increased by 55.0% to RM554.0 million from the previous corresponding period.

Glittering Of London, New York & Shanghai Gold, Endeavoring To Build A Brand-New Global Gold Market

Date 27/10/2020

The 2nd Bund Summit themed “Crisis and Opportunities: New Finance and New Economy in a New Situation” from Oct.23rd to 25th, 2020 in Shanghai concluded with great success. On Oct.25th, the cloud session entitled GLITTERING of London, New York & Shanghai Gold, Endeavoring to Build a Brand-new Global Gold Market.co-hosted by Shanghai Gold Exchange and the Bund Summit Organizing Committee kicked off in both virtual and in-person manner, and attracted more than 500,000 virtual attendees worldwide.

Icelandic Salmon Admitted To Trading On Oslo Bors

Date 27/10/2020

The seafood company Icelandic Salmon has today been admitted to trading on Merkur Market (ticker code: ISLAX-ME).

Kinesis Aims To Reform Global Monetary Systems With New Kinesis Money Platform

Date 27/10/2020

Kinesis, the monetary system, based 1:1 on allocated physical gold and silver, today announces the launch of its new Kinesis money platform. The fully redesigned platform offers a suite of new functions for users to make best use of its progressive technology.