News Centre

HKEX Report On Initial Public Offering Applications, Delisting And Suspensions

Date 29/06/2018

Report on Initial Public Offering Applications, Delisting and Suspensions
(As at 29 June 2018)

Moscow Exchange: Risk Parameters Change For The Securities

Date 29/06/2018

The following risk parameters will be changed:

IR risk (downward scenario) - SECΔ_1 (Y0/Y1)

European Council (Art. 50) Meeting (29 June 2018) – Conclusions

Date 29/06/2018

In light of the state of play presented by the Union negotiator, the European Council welcomes the further progress made on parts of the legal text of the Withdrawal Agreement. The European Council takes note, however, that other important aspects still need to be agreed, including the territorial application of the Withdrawal Agreement, notably as regards Gibraltar.

China Securities Museum Holds 1st Open Lecture, Palace Museum Director Shan Jixiang Employed As Consultant

Date 29/06/2018

On the evening of June 23, the first open lecture of the China Securities Museum (CSM) officially kicked off on the trading floor of the Shanghai Stock Exchange (SSE). Hosted by Jiang Yang, member of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC), former vice chairman of the China Securities Regulatory Commission (CSRC) and chief of the leading group for preparatory work of the CSM, the open lecture was delivered by Shan Jixiang, director of the Palace Museum, and Jiang Feng, SSE deputy Party chief and president, gave a welcome speech. The trading floor was crowded with more than 300 representatives of the financial industry in Shanghai, who shared a cultural feast originating from the Forbidden City.

HKEX: Exchange Seeks Views On Proposed Rule Changes Relating To Backdoor Listing, Continuing Listing Criteria And Other Rule Amendments

Date 29/06/2018

• Exchange proposes to tighten the reverse takeover (RTO) Rules and continuing listing criteria to address concerns about backdoor listings and shell activities
• Proposed Rule changes are targeted at shell activities and aim to maintain a quality market; they are not intended to restrict legitimate business expansion or diversification by listed issuers
• Exchange also published a guidance letter on listed issuer’s suitability for continued listing

SGX RegCo Reprimands Oriental Group Ltd, Its Former And Present Directors And Its Former Group Financial Controller - Public Reprimand: Breaches Of Catalist Rules

Date 29/06/2018

1. Singapore Exchange Regulation (“SGX RegCo”) reprimands Oriental Group Ltd (the “Company”, together with its subsidiaries, the “Group”), the following past and present directors, namely:

• Mr. Wu Dingrong (former Non-Executive Chairman)
• Mr. Lee Wan Sing (former Executive Director and former Chief Executive Officer)
• Mr. Sun Lu (former Executive Director)
• Mr. Ong Wee Chuan Richard (former Non-Executive Director)
• Mr. Tan Song Kwang (former Independent Director, Member of Audit Committee)
• Mr. Koh Choon Kong (former Independent Director, Member of Audit Committee)
• Mr. Chua Hung Meng (present Independent Director, Chairman of Audit Committee)

Hong Kong's Securities And Futures Commission Welcomes CSRC’s New Rules To Facilitate Mainland Investors And Fund Managers’ Access To SFC-Licensed Corporations’ Securities Advisory Service

Date 29/06/2018

The Securities and Futures Commission (SFC) welcomes the China Securities Regulatory Commission’s (CSRC) new rules governing the distribution of research reports issued by SFC-licensed corporations through Mainland securities companies and the engagement by Mainland fund managers of SFC-licensed corporations as their investment advisors. 

Japan's Securities And Exchange Surveillance: Recommendation For Administrative Monetary Penalty Payment Order For Market Manipulation Of 10-year Japanese Government Bond Futures By Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Date 29/06/2018

1. Contents of the Recommendation 

The Securities and Exchange Surveillance Commission today made a recommendation to the Prime Minister and the Commissioner of the Financial Services Agency that an administrative monetary penalty payment order be issued in regard to market manipulation by Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (Corporate Number: 4010001129098, “MUMSS”) pursuant to Article 20(1) of the Act for Establishment of the Financial Services Agency. This recommendation is based on the findings of an investigation into market manipulation, whereby the following violation of laws and ordinances was identified.

Hong Kong Securities And Futures Commission Endorses Exchange’s Initiative To Tackle Backdoor Listings

Date 29/06/2018

The purpose of this press release is to express the Securities and Futures Commission’s (SFC) support of the proposals in the Stock Exchange of Hong Kong Limited’s (Exchange) consultation paper published today relating to backdoor listings and shell activities.

Shanghai Stock Exchange, China-Belarus Industrial Park Development Hold Promotion Event Of Belarus' Investment Opportunities In B&R Initiative

Date 29/06/2018

The promotion event of Belarus' Investment Opportunities in B&R Initiative, which is jointly organized by the Shanghai Stock Exchange (SSE) and China-Belarus Industrial Park Development Co., Ltd. (CBIP) and co-organized by China Merchants Securities Co., Ltd. (CMS), was lately held in the trading hall of the SSE. This event was attended by over 20 persons, including Zhang Xingfu, Deputy Chief of the Department of Outward Investment and Economic Cooperation of the Ministry of Commerce (MOC), SSE Vice President Que Bo, CBIP CEO Hu Zheng and CMS Party Chief Huo Da, as well as more than 80 representatives from about 35 domestic listed companies. Zhang Xingfu, Que Bo and Hu Zheng delivered their speeches respectively at the event and witnessed the signing of a strategic cooperation agreement between the SSE Global Business Development Department and the CBIP.