News Centre

HKEX: Re-Appointment Of Chairman

Date 07/05/2020

The Board of Directors (“Board”) of Hong Kong Exchanges and Clearing Limited (“HKEX”) today resolved to re-appoint Mrs Laura May-Lung Cha (“Mrs Cha”) as the Chairman of the Board (“Chairman”) for a term to be coterminous with her directorship.

Statement By The Bank Of England And Prudential Regulation Authority On Resolution Measures And Covid-19

Date 07/05/2020

The Bank of England (Bank) and the Prudential Regulation Authority (PRA) have today announced changes to resolution measures aimed at alleviating operational burdens on PRA-regulated firms (firms) in response to the Covid-19 outbreak

OECD: Foreign Direct Investment Flows In The Time Of COVID-19

Date 07/05/2020

• FDI flows are expected to fall by more than 30% in 2020 even under the most optimistic scenario for the success of the public health and economic support policy measures taken by governments to address the COVID-19 pandemic and the resulting recession. 
• FDI flows to developing countries are expected to drop even more because sectors that have been severely impacted by the pandemic, including the primary and manufacturing sectors, account for a larger share of their FDI than in developed economies. 
• FDI could play an important role in supporting economies during and after the crisis through financial support to their affiliates, assisting governments in addressing the pandemic, and through linkages with local firms. 
• FDI flows have steadily declined over the past five years, and they could remain below pre-crisis levels throughout 2021 if the public health measures and economic support policies are not effective.

Bank Of England: Bank Rate Maintained At 0.1% - May 2020

Date 07/05/2020

The Bank of England MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted by a majority of 7-2 for the Bank of England to continue with the programme of £200 billion of UK government bond and sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, to take the total stock of these purchases to £645 billion.

Velocimetrics Shortlisted For The Best In Cloud Category At This Year’s Market Choice Awards

Date 07/05/2020

Velocimetrics, part of the Beeks Financial Cloud Group Plc (AIM: BKS), has been shortlisted for an award by the 2020 Market Choice awards. Velocimetrics’ newly-launched cloud analytics product, stream2Cloud, was nominated in the ‘Best in Cloud’ category at this year’s awards. This nomination follows a very successful first 4 months for stream2Cloud, which has been nominated for 6 awards since its launch in January.

HKEX Monthly Market Highlights

Date 07/05/2020

Highlights

- Securities Market

• Market capitalisation was $35.0 trillion at the end of April 2020, an increase of 2 per cent from $34.3 trillion for the same period last year.
• The average daily turnover in April 2020 was $100.5 billion, a decrease of 4 per cent from $104.2 billion for the same period last year.
• The average daily turnover for the first four months of 2020 was $116.1 billion, an increase of 14 per cent when compared with $101.8 billion for the same period last year.
• The average daily turnover of ETFs for the first four months of 2020 was $5.9 billion, an increase of 28 per cent when compared with $4.6 billion for the same period last year.
• Total funds raised for the first four months of 2020 was $112.6 billion, an increase of 24 per cent when compared with $90.9 billion for the same period last year.

Tokenise Stock Exchange To Kick Off A New Era Of Digital Securities

Date 07/05/2020

Tokenise Stock Exchange has launched its new website for investors to register for trading on their upcoming platform dedicated to digital securities. The new site will offer registered users access to high quality investment opportunities while providing companies with an innovative, accelerated and cost-effective way of fundraising.

CoolBitX’s Sygna Bridge Passes Cross-Border Cryptocurrency Transaction Tests Audited By Big 4 Accounting Firm - Platform Proven To Help Global VASPs Tackle Challenges In FATF ‘Travel Rule’ Compliance

Date 07/05/2020

On 15 April, 2020, CoolBitX, a blockchain security company that is building the infrastructure necessary to close the gap between the mainstream market and crypto industry, presented findings of Sygna Bridge’s most recent production report to members of the Financial Action Task Force (FATF) Contact Group — a select group of FATF officers, regulators and industry participants tasked with explaining the FATF’s requirements to the cryptocurrency industry and monitoring how the industry is meeting the various challenges. In a series of tests and cross-border transfers between SBI VC, Bitsonic, and Bitopro — audited by a Big 4 accounting firm — the Sygna Bridge platform demonstrated its effectiveness as a cross-border ‘Travel Rule’ solution. 

Malawi Stock Exchange Monthly Market Performance Report - April 2020

Date 07/05/2020

The market was marginally bearish in the month of April as it registered a month-on-month negative return on index of – 1.09% (-1.09% in US$ terms), 6.33% on a year-on-year basis. The market however, registered an increase in total value traded despite registering a decrease in total volume of shares traded in the month under review. There were no trades on the listed debt securities.

HKEX 2020 Q1 Results Analyst Presentation, 7 May 2020: Charles Li Chief Executive, HKEX Group, Romnesh Lamba Co-President, HKEX Group, Vanessa Lau Group Chief Financial Officer, HKEX Group

Date 07/05/2020

Q1 2020 Key Highlights

1 | Financial Performance

• Core business revenue up by 19% YoY; total revenue down by 7% YoY; prudent cost management 
• Record quarterly Stock Connect revenue of HK$404m (+74% YoY) 
• Net investment loss of HK$47m (Q1 2019: income HK$882m)