News Centre

Adhering To High-Quality Development, Shanghai Stock Exchange-Listed Companies Perform Stably With Growth In Q3

Date 05/11/2019

By October 31, 2019, the 1,495 companies listed on the main board of the Shanghai Stock Exchange (SSE) and the 40 companies listed on the SSE STAR Market had disclosed their third quarter reports as scheduled. In the first three quarters of 2019, the SSE-listed companies recorded a total operating income of RMB26.60 trillion and a net profit of RMB2.55 trillion, up by 9.12% and 8.06% year-on-year, with nearly 70% of the companies posting increases in revenue and nearly 90% of the companies registering profits. Overall, the performances of the companies listed on the main board of the SSE remained resilient and stable with progress; the companies listed on the SSE STAR Market maintained continuous growth in performance and investments in research and development, with the profitability and quality improved steadily.

The Shenzhen Stock Exchange Revised Member Management Rules Improving Fundamental Systems Of The Market

Date 05/11/2019

The SZSE recently released the new edition of the Member Management Rules after revision with the approval of the China Securities Regulatory Commission (CSRC). The revision, with improving fundamental systems, guarding against financial risks and strengthening members’ responsibilities as the focuses, put forth effort to guard the market access, enhance supervision of the whole transaction process, and implement relevant requirements on deepening the reform of the capital market on all sides.

Bank Indonesia And Monetary Authority Of Singapore Extend Bilateral Financial Arrangement

Date 05/11/2019

Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today announced the extension of the USD10 billion bilateral financial arrangement for another year.  This follows the earlier agreement between Indonesian President Joko Widodo and Singapore Prime Minister Lee Hsien Loong at the Singapore-Indonesia Leaders’ Retreat on 8 October 2019 to extend the bilateral financial arrangement for another year.

Shenzhen Stock Exchange Releases Guidelines On Interim Information Disclosure Of Asset-Backed Securities To Improve Institutional System And Promote Normative Development Of The Market

Date 05/11/2019

On November 1, SZSE released the Guidelines of Shenzhen Stock Exchange on Information Disclosure of Interim Reports on Asset-Backed Securities (hereinafter the “Guidelines”). It is another important measure adopted by SZSE to implement the self-regulation idea with information disclosure as its core, and continue to improve the quality of information disclosure of fixed-income products.

SEC Proposes To Modernize The Advertising And Cash Solicitation Rules For Investment Advisers

Date 04/11/2019

The Securities and Exchange Commission today announced that it has voted to propose amendments to modernize the rules under the Investment Advisers Act addressing investment adviser advertisements and payments to solicitors. The proposed amendments are intended to update these rules to reflect changes in technology, the expectations of investors seeking advisory services, and the evolution of industry practices.

Nasdaq October 2019 Volumes

Date 04/11/2019

Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for October 2019, on its investor relations website. 

SEC Announces Extension Of Temporary Measure To Facilitate Cross-Border Implementation Of The European Union's MiFID II's Research Provisions

Date 04/11/2019

Today the staff of the U.S. Securities and Exchange Commission issued an extension of an Oct. 26, 2017 no-action letter it provided to assist market participants regarding their U.S.-regulated activities as they engage in efforts to comply with the provisions relating to research in the Markets in Financial Instruments Directive II (MiFID II) and related implementing rules and regulations. Under the extension of the temporary no-action letter, the staff would not recommend enforcement action to the Commission under the Investment Advisers Act of 1940 (Advisers Act) against broker-dealers receiving payments in hard dollars or through research payment accounts from clients subject to MiFID II. This no-action letter, which was set to expire July 3, 2020, has been extended until July 3, 2023. Separately, the extension letter notes the continued ability of broker-dealers to receive payments for research under section 28(e) of the Securities Exchange Act of 1934 through client commission arrangements (CCAs), including that the use of CCAs does not affect whether the exclusion for broker-dealers from the definition of “investment adviser” under the Advisers Act may be available.

“Today’s extension of the staff’s no-action letter is an important step in our continued efforts to address changes in the market for research payments driven by MiFID II with an eye toward preserving investor access to research to the maximum extent possible,” said SEC Chairman Jay Clayton. “The impacts of MiFID II are evolving, as EU authorities and regulators in individual EU member states evaluate its effects and consider whether to modify their rules. Today’s extension will allow our staff to continue to monitor the evolving impact of MiFID II and evaluate whether any additional guidance or Commission action is appropriate. In this regard, our staff is focused on ensuring that market participants have flexibility and choice in how they pay for research.”

B3: Ibovespa Breaks New Record And Reaches 108.779 Points

Date 04/11/2019

B3’s market performance index – Ibovespa – hit a record high today ending the day at 108.779 points, up 0.53% from last trading session.

CFTC Charges Companies And Associates With Failing To Register With The CFTC

Date 04/11/2019

The U.S. Commodity Futures Trading Commission today issued an order filing and settling charges against Silver Star FX, LLC d/b/a Silver Star Live (SSL) of New Mexico and Silver Star Live Software LLC (SSLS) of Florida, and two officers of those firms, Candace Ross-Mahmoud and Hassan Mahmoud of California (collectively, respondents). In its order, the CFTC found that SSL and SSLS acted as unregistered commodity trading advisors and that Ross-Mahmoud and Mahmoud acted as unregistered associated persons of both SSL and SSLS. The order requires the respondents, who are jointly and severally liable, to pay a $75,000 civil monetary penalty and to cease and desist from future violations of the Commodity Exchange Act.

Innovation leaders from Fidelity Investments and FinTech Sandbox to Keynote at TABB Group's FinTech Festival on Nov 13 in NYC - Fidelity Investments’ Mona Vernon and Vantage Ventures’ Sarah Biller, Co-Founder of FinTech Sandbox, to Speak to “Evolutionary Capital Markets: How to Thrive in Open AI-Powered Platform Economy” in Keynote Address - RocketFin’s Espen Skogen and Glue42’s James Wooster Set to Present “Behavior Mining: Finding Alpha in User-Behavior Analysis”

Date 04/11/2019

Continuing its position as one of the capital markets industry’s leading financial-technology conference producers in the U.S. for the past 13 years, TABB Group has assembled one of its strongest programs with experts drawn from the asset management and capital markets to discuss how buy-side and sell-side financial technology are reshaping capital markets ecosystems.