News Centre

Appointments To Hong Kong's Securities And Futures Commission Committees

Date 28/03/2019

The Securities and Futures Commission (SFC) is pleased to announce new appointments and reappointments to the following committees with effect from 1 April 2019:

Oslo Summit Puts Norway At The Centre Of Fight To End Global Financial Exclusion - HRH Crown Prince Haakon And Norwegian State Secretary Mr Aksel Jakobsen Is Meeting FinTechs From Across The Nordic Region, NGOs And Global Development Agencies To Discuss Collaboration

Date 28/03/2019

The inaugural Financial Inclusion Summit takes place in Oslo today (28thMarch) – for the first time bringing together representatives of international humanitarian agencies, government and non-governmental organisations with private enterprises and financial technology businesses from across the Nordic region to identify practical solutions to the problems of global financial exclusion.

European Association Of CCP Clearing Houses (EACH) Statement On The European Parliament’s Vote On CCP Recovery And Resolution And Warns About Unsubstantiated Capital Increase Proposal

Date 28/03/2019

The European Association of CCP Clearing Houses (EACH) welcomes the adoption of the ECON Committee report on CCP Recovery and Resolution by the European Parliament’s Plenary on Wednesday 27th March 2019. Building on international work and the initial Commission proposal, the work lead by MEPs Swinburne and von Weizsäcker, together with shadow MEPs Hübner, Nagtegaal/van Nieuwenhuizen, Scott-Cato, Viegas and the rest of their colleagues, has resulted in additional safeguards for financial stability.

GPW: Launch Of The Exchange’s Analytical Coverage Support Programme

Date 28/03/2019

• GPW has launched the Analytical Coverage Support Pilot Programme
• The objective of the Programme is to extend the analytical coverage of companies participating in mWIG40 and sWIG80
• The Programme is addressed to companies and Exchange Members who meet the criteria laid down in the regulations

SMU Team Triumphs At NUS-SGX Stock Pitch Challenge 2019

Date 28/03/2019

A team from Singapore Management University (SMU) has emerged as this year’s winner at the NUS-SGX Stock Pitch Challenge finals, held yesterday evening at Singapore Exchange (SGX).

State Street Global Exchange: Investor Confidence Rose In March By 0.4 Points To 71.3

Date 28/03/2019

State Street Global Exchange today released the results of the State Street Investor Confidence Index® (ICI) for March  2019.

Fulbright Securities Limited Goes Live With Horizon Options Market Making Platform For HKEX

Date 28/03/2019

Horizon Software (Horizon), the leading provider of electronic trading and algorithmic technology, today announced that Fulbright Securities Limited, a large securities company located in Hong Kong, has deployed Horizon’s Platform for Market Making on listed options connecting to the Hong Kong Stock Exchange (SEHK).

Shenzhen Stock Exchange And COFCO Group Sign A Strategic Cooperation Agreement

Date 28/03/2019

On March 27, SZSE and the China National Cereals, Oils and Foodstuffs Corporation (hereinafter referred to as COFCO) signed a strategic cooperation agreement. The two sides conducted in-depth exchanges on enhancing the capabilities of finance to serve the real economy and promoting the deep integration of industry and finance. On the same day, Grandjoy Holdings Group CO.,LTD., an A-share listed subsidiary of COFCO, held its restructuring and renaming ceremony and its stock abbreviation has been changed from "COFCO Property" to "Grand Joy". SZSE Party Secretary and Chairman Wu Lijun and COFCO Party Deputy Secretary and President Yu Xubo attended the exchanges and the ceremony.

Basic Agreement Toward Realizing A Comprehensive Exchange: Japan Exchange Group And Tokyo Commodity Exchange

Date 28/03/2019

Overview of Basic Agreement

The Companies will engage in deliberations in good faith towards the realization of a comprehensive exchange based on the basic agreement.

• Maintain and develop Japan’s derivatives market through the realization of a comprehensive exchange that enables one-stop trading in various products ranging from financial securities to commodity derivatives.
• Convert TOCOM into a wholly-owned subsidiary of JPX through TOB (+ squeeze-out).
• Precious Metals, Rubber, and Agricultural Products: Transfer to OSE. 
• Oil-related Products: Continue trading on TOCOM for the time being. Listing of new oil-related products on OSE will be discussed between the Companies.
• Electricity and LNG: Aim for listing and handling as a TOCOM market.
• Consolidate Japan Commodity Clearing House (JCCH) into Japan Securities Clearing Corporation (JSCC).
• Determine post-combination business policies, management composition, organization, and other matters based on future deliberation. 
• Give due consideration for existing trading participants in the realization of a comprehensive exchange.

ESMA Fines Fitch €5,132,500 For Breaches Of Conflict Of Interest Requirements

Date 28/03/2019

The European Securities and Markets Authority (ESMA), the supervisor of EU credit rating agencies (CRAs), has fined three CRAs belonging to the Fitch Group a total of €5,132,500. The fines relate to a series of infringements where the CRAs negligently failed to comply with requirements of the Credit Rating Agencies Regulation (CRAR) related to conflicts of interest that entered into force on 20 June 2013.