News Centre

Missed Opportunities For Average Investors, By Kelvin To, Founder And President Of Data Boiler Technologies

Date 26/07/2019

Different phenomenon attribute to market evolutions, and a dysfunctional public stock market would in turn create new phenomena affecting ‘rights’ of different constituents. Let’s study these phenomenon or market behaviors and pin-point if ‘rights’ come from stock ownership being meaningful or not.

HKEX: Stock Connect Inclusion Arrangements For A+H Companies Listed On STAR Market Agreed

Date 26/07/2019

The Stock Exchange of Hong Kong (SEHK), Shanghai Stock Exchange (SSE), and Shenzhen Stock Exchange (SZSE) today announce that Stock Connect inclusion arrangements for companies with A-shares listed on the SSE’s Sci-Tech Innovation Board (STAR Market), and H-shares listed in Hong Kong, have been agreed.

ACER Publishes The 3rd Open Letter On REMIT Data Quality

Date 26/07/2019

The European Union Agency for the Cooperation of Energy Regulators (ACER) published today the 3rd Open Letter on REMIT data quality, which complements the first two Open Letters on REMIT data quality published over the past two years. ACER is pleased to report that the previous two letters have facilitated an improvement in data quality.

HKEX: Exchange Publishes Conclusions On Proposed Rule Changes Associated With Backdoor Listing And Shell Activities To Strengthen Long-Term Health, Quality And Sustainability Of The Market

Date 26/07/2019

• Exchange to amend Listing Rules associated with backdoor listing and shell activities
• Proposals will be implemented with modifications, reflecting comments received through the consultation process
• Rule amendments to take effect on 1 October 2019

Hong Kong Securities And Futures Commission Issues Statement On Backdoor Listings And Shell Activities

Date 26/07/2019

The Securities and Futures Commission (SFC) today published a statement explaining its general approach to utilising its statutory powers under the Securities and Futures (Stock Market Listing) Rules (SMLR) and the Securities and Futures Ordinance (SFO) to tackle backdoor listings and shell activities.

Hong Kong’s Asset And Wealth Management Business Reached $23,955 Billion In 2018

Date 26/07/2019

The Securities and Futures Commission (SFC) today released a report on its annual Asset and Wealth Management Activities Survey (AWMAS), which found that the assets under management (AUM) of the asset and wealth management business in Hong Kong amounted to $23,955 billion (US$3,059 billion) as at 31 December 2018.

Shanghai Stock Exchange, Shenzhen Stock Exchange And HKEX Reach Consensus On Inclusion Of A+H Stocks On Shanghai Stock Exchange STAR Market In Shanghai, Shenzhen-Hong Kong Stock Connects

Date 26/07/2019

According to the current business rules for Shanghai and Shenzhen-Hong Kong Stock Connects, the A+H stocks are within the scope of those in the Shanghai and Shenzhen-Hong Kong Stock Connects, which in principle includes the A shares listed on the SSE STAR Market and their corresponding H shares. Since the SSE STAR Market is a brand new board, which is different from the main board of the Shanghai Stock Exchange (SSE) in trading, regulation, investor suitability management and other aspects, the participation in the trading on the SSE STAR Market through the Shanghai Stock Connect requires the corresponding efforts to be made in business, technology and other preparations. In view of this, the SSE, the Shenzhen Stock Exchange (SZSE) and Hong Kong Exchanges and Clearing Limited (HKEX) have decided through negotiations that the A shares in the A+H shares listed companies on the SSE STAR Market will be included in the stocks of the Shanghai Stock Connect after the completion of relevant business and technology preparations in the Shanghai and Hong Kong markets, with the time of inclusion to be announced separately; based on the principle of equivalence, the corresponding H shares will also be included in the stocks of the Hong Kong Stock Connect under the Shanghai and Shenzhen-Hong Kong Stock Connects. The H shares in the A+H shares listed companies that are included in those of the Hong Kong Stock Connect as part of constituent shares of the Hang Seng Composite Large-Cap Index, Mid-Cap Index or Small-Cap Index shall not be affected by the above-mentioned arrangements.

NZX Half Year 2019 Shareholder & Qrtly Regulation Metrics

Date 26/07/2019

Please see attached NZX Half Year 2019 Shareholder and Quarterly Regulation Metrics

New Zealand Launches ‘Investment Passport’

Date 26/07/2019

Kiwi investors and managed funds will now be able to do business more easily with Australia, Japan and Thailand, after New Zealand’s implementation of the Asia Region Funds Passport (ARFP).

Remarks By Eddie Yue, Chief Executive (Designate) Of The Hong Kong Monetary Authority At Media Session

Date 26/07/2019

Following are the remarks by Eddie Yue, Chief Executive (designate) of the Hong Kong Monetary Authority at media session yesterday (25 July):

I am very honoured to be appointed by the Financial Secretary as the next chief executive of the HKMA with effect from October.  I would like to thank the Financial Secretary for the trust he has placed in me.