News Centre

Hong Kong's Securities And Futures Commission Consults On New OFC Rules And OFC Code

Date 28/06/2017

The Securities and Futures Commission (SFC) today launched a two-month consultation on the detailed legal and regulatory requirements applicable to the new open-ended fund company (OFC) structure. The OFC structure will enable investment funds to be established in corporate form in Hong Kong, in addition to the current unit trust form.

Securities Commission Malaysia And ASIC Sign Innovation Cooperation Agreement To Establish Fintech Bridge

Date 28/06/2017

Securities Commission Malaysia (SC) yesterday entered into an Innovation Cooperation Agreement with the Australian Securities and Investments Commission (ASIC) to further promote innovation in financial services in their respective markets.

CESC Monthly Index Report (May)

Date 28/06/2017

Highlights

• The stock markets performed well in May. Cross-border large-cap index CES China 120 Index, or CES 120, rose 4.8 per cent
• Private IT companies were the focus of the market. CES P Elite surged 7.1 per cent
• Macau’s Gross Gaming Revenue, or GGR, is expected to return to its peak in 2013. CES Gaming Top 10 Index, or CES G10, surged 4.3 per cent
• Global stock markets continued to have strong performances. KOSPI rose 6.4 per cent. US stocks continued to rise despite expectations of an interest rate hike. S&P 500 Index rose 1.2 per cent
• The Mainland’s currency reform and the bottoming of its forex reserves prompted a hike in the RMB exchange rates
• PBC sought comments on Bond Connect, which will allow participation of overseas investors in the Mainland interbank bond market.
• HKEX will introduce physically settled CNH and US dollar gold futures contracts on 10 July
• Average daily turnover of FTSE China A50 Index futures traded in Singapore slipped by 1.8 per cent

Solactive And Candriam Team Up To Launch The Factors Sustainable Index Family - Providing The Underlying Indices For Five Etfs Issued By Candriam

Date 28/06/2017

Solactive and Candriam have joined forces to launch the Solactive Candriam Factors Sustainable Index Family offering exposure to companies with sustainable and responsible investing criteria as determined by Candriam’s SRI screening methodology. The family is composed of five fundamentally-weighted indices with factor tilts, including three equity and two fixed-income indices, which are used as the basis for five new ETFs issued by Candriam and trading on the Paris Euronext Stock Exchange (and cross-listed on Amsterdam Euronext).

Millennium Exchange Release 9.2 Oslo Børs – Adaption To MiFID II - Clarification

Date 28/06/2017

The Financial Supervisory Authority of Norway and others have indicated that MiFID II will not be implemented into Norwegian legislation by 3 January 2018. However, in any case Oslo Børs, will implement the adaptions to the trading systems, as previously announced. 

NEX Optimisation’s triReduce Compression Service Surpasses $1 Quadrillion In Notional Principal Eliminated By Market Participants

Date 28/06/2017

NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announces today that participants in its triReduce compression service have eliminated over $1 quadrillion (1,000 trillion) in OTC derivative notional principal since its introduction in 2003. 

The UK Quoted Companies Alliance: Corporate Reputation Gaining Value As Key Asset, Say Growth Companies

Date 28/06/2017

Almost all companies (99%) see corporate reputation as important to their business, while 68% feel the importance of reputation is increasing. This is a view shared by their advisers, with 92% seeing corporate reputation as important and 78% saying its importance is increasing.

Finance After Fintech: Autonomous Research Lays Out Blueprint For financial industry 2030 In "Future Vision" Analysis

Date 28/06/2017

Autonomous Research, a global research firm focused on financial services, announced today at the Money 20/20 Europe conference the release of a publication giving strategic guidelines for financial incumbents, B2C and B2B startups, and high-technology companies competing in the Fintech economy. Key themes are banks-as-a-platform, Fintech startup funding and feasibility, and the "attention economy" in which Google, Apple, Facebook and Amazon compete.

ETFGI Reports Assets Invested In ETFs And ETPs Listed In Europe Reach A New Record Of 682 Billion US Dollars At The End Of May 2017

Date 28/06/2017

ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today assets invested in ETFs/ETPs listed in Europe reached a new record high of US$682 billion at the end May 2017 surpassing the prior record of US$658 billion set at the end of April 2017, according to ETFGI’s May 2017 global ETF and ETP industry insights report an annual paid for research subscription service (click here to view the ETFGI European listed ETFs/ETPs asset growth chart). 

FinTech Association Of Hong Kong Officially Launches To Power The Local FinTech Community

Date 28/06/2017

The FinTech Association of Hong Kong was officially launched last night to champion an open, inclusive and diverse FinTech community in Hong Kong.  The launch event was attended by over 300 guests from across the local FinTech, financial and wider business community.  The Association is an independent, not-for-profit, member-driven association that draws its members from across the FinTech and wider financial industry.