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  • Speech By Ashley Alder, Chief Executive Officer, Hong Kong's Securities And Futures Commission: Keynote Speech At Companies Registry Corporate Governance Roundtable

    Date 13/03/2017

    Corporate Governance is a fiendishly difficult topic to pin down. It’s incredibly broad, and perhaps that’s why it seems to be the subject of so much discussion and generates a very large volume of academic research. From a regulator’s point of view, we have everything from the types of voluntary codes pioneered by Sir Adrian Cadbury in the UK 25 years ago to the hard law of the type exemplified by the Sarbanes Oxley Act in the US 15 years ago. And lots of different rules and practices in between.

  • SGX Raises Pro-Rata Renounceable Rights Issue Cap To 100% Of Share Capital

    Date 13/03/2017

    Singapore Exchange (SGX) is enabling companies to seek a general mandate for an issue of pro-rata renounceable rights shares of up to 100% of the share capital from 50% previously. The enhanced rights issue limit is aimed at helping companies raise funds expediently for expansion activities or working capital.

  • Hong Kong's Securities And Futures Commission Bans Former Responsible Officer Of Guangdong Securities Limited For Nine Months Over Internal Control Failures

    Date 13/03/2017

    The Securities and Futures Commission (SFC) has prohibited Mr Huang Qiang, former managing director and responsible officer of Guangdong Securities Limited (GSL), from re-entering the industry for nine months from 10 March 2017 to 9 December 2017.

  • Shenzhen Stock Exchange Rewards Member Units Making Outstanding Contribution To Shenzhen-Hong Kong Stock Connect

    Date 13/03/2017

    Officially launched on 5 December 2016, Shenzhen-Hong Kong Stock Connect has been commissioned for three full months as of 5 March 2017, fulfilling expected targets with overall smooth trading and stable operation. During its preparation and running, all member units have closely and actively cooperated with Shenzhen Stock Exchange (SZSE), greatly ensuring the smooth launch and stable running and making significant contributions to the successful launch. Currently, there are 96 securities companies and 46 non-member transaction participants who have opened the trading authority of Hong Kong stock connect. In order to honor the meritorious and establish models, SZSE has delivered “Outstanding Contribution Awards in Shenzhen- Hong Kong Stock Connect” to 15 members units including Essences Securities after comprehensively thinking over their strong support and active contributions in technical test participation, business plan development and market organization. The awards are to further stimulate the activeness and creativeness of member units.

  • ESMA Publishes First Set Of CSDR Q&As

    Date 13/03/2017

    The European Securities and Markets Authority (ESMA) has published its first set of Questions and Answers (Q&As) on the CSDR, this follows the publication in the Official Journal of the CSDR Level 2 package (except for settlement discipline which are still pending).