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  • Yunnan Finance Department Continues Issuing Local Government Bonds On Shanghai Stock Exchange For The 1st Time

    Date 23/10/2017

    On October 19, the continuous issuance of the 2017 phases IX and XI Yunnan Provincial Government General Bonds is carried out on a trial basis on the Shanghai Stock Exchange (SSE), which marks the successfully continuous issuance of the first kind of local government bonds in China. It is a beneficial attempt of the SSE to positively cooperate with the local finance department for innovating and reforming the local government bonds issuance system according to the requirement of actively exploring to establish the continuous issuance mechanism mentioned in the “Notice of Properly Carrying out the Work of 2017 Local Government Bonds Issuance” (Cai Ku [2017] No. 59 Document) and by implementing the relevant work deployments made by the China Securities Regulatory Commission (CSRC) and the Ministry of Finance of the PRC, which contributes to taking a major step for further improving the liquidity of the local government bonds' secondary market.

  • TradingScreen's Majority Shareholders Renew Call For A Change In Leadership And Provide Full Evidence Of The Shareholders' Legal Actions

    Date 23/10/2017

    The board members and shareholders representing the majority of the common shareholders of TradingScreen renewed today their request for a change in leadership and published a summary of the main legal actions faced by TradingScreen's current management. The majority shareholder group condemns TradingScreen's temporary management's attempts to mislead the media by dismissing the very existence of litigation and trivialise the seriousness of the breaches of corporate governance described in it, as well as its unwillingness to take action contrary to its fiduciary duties. This group urges the TradingScreen Board's minority representatives, once again, to support its decision to suspend and replace Chairman Giampiero Grandi immediately with another independent board member chosen from among the highly qualified candidates proposed.

  • Saudi Arabian Capital Market Authority And Saudi Arabian General Investment Authority Sign Memorandum Of Cooperation

    Date 23/10/2017

    The Capital Market Authority (CMA) and the Saudi Arabian General Investment Authority (SAGIA) have signed a Memorandum of Cooperation (the Memorandum) to set up a collaborative framework to be followed by the CMA and  SAGIA when preparing the regulatory directives for allowing non-resident strategic foreign investors to own strategic stakes in listed companies’ share capital, a step that comes into play in light of the continuous coordination between the two bodies while taking into consideration the importance of achieving the highest level of cooperation that will serve to contribute to ensuring protection and fairness to capital market participants, and supporting the Kingdom’s investment environment in general.

  • Holly Su Futures Welcomed As TOCOM Remote Broker Member

    Date 23/10/2017

    The Tokyo Commodity Exchange, Inc. announced today that the Exchange granted a Remote Broker Membership to Holly Su Futures (Hong Kong) Co., Ltd. Holly Su Futures is the Hong Kong subsidiary of Holly Futures, a Nanjing-based Chinese futures commission merchant on October 20. They now hold the second Remote Broker Membership at TOCOM.

  • Intercontinental Exchange Completes Acquisition Of Bank Of America Merrill Lynch’s Global Research Index Platform

    Date 23/10/2017

    Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced it has completed its acquisition of the Bank of America Merrill Lynch Global Research division’s fixed income index platform, which will become part of ICE Data Services. Terms of the agreement were not disclosed and the financial impact of the transaction will be immaterial to ICE in 2017.