Vietnam 

Sacombank organises seminar on metals trading on London exchange – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Experts answer questions from business executives at a seminar held in HCM City recently on trading on the London Metal Exchange. — Photo Courtesy of Sacombank HCM CITY — Sacombank and the London Metal Exchange (LME) recently organised a seminar on metals trading on the LME for customers trading metals such as aluminium, zinc, copper, lead, and tin, and having demand for commodity price insurance. The seminar saw the participation of many prestigious companies in the fields of consulting and financial solutions such as INTL FCStone, Mitsui Bussan Commodities, Phillip…

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China 

China’s foreign exchange reserves hit seven-month high of almost US$3.1 trillion in March

China’s foreign exchange reserves rose for a fifth straight month in March, with the increase exceeding expectations, as growing optimism about the prospects for a US-China trade deal offset concerns over slowing economic growth.Chinese reserves, the world’s largest, rose by nearly US$9 billion in the month to US$3.099 trillion, its highest since August, according to central bank figures released on Sunday.Economists polled by Reuters had expected the reserves to rise by US$5 billion to US$3… Source link

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Vietnam 

Hà Nội Stock Exchange sets sights eyes modest profit of$13.2m in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The auction of Vinacomin Waterway Transport Joint Stock Company held at the Hà Nội Stock Exchange on November 22, 2018. The northern market regulator earned VNĐ562.5 billion in total revenue and VNĐ307.4 billion in pre-tax profit last year. HÀ NỘI —The Hà Nội Stock Exchange (HNX) eyes VNĐ308 billion (US$13.2 million) in pre-tax profit in 2019, up 0.3 per cent year on year, and VNĐ594.3 billion in total revenue, up 5.66 per cent year on year. The northern securities market regulator also plans to pay VNĐ61.6 billion to the State…

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Hong Kong’s stock exchange posts its quietest first quarter since 2009 as blockbuster IPOs looked elsewhere to raise funds

Hong Kong’s stock exchange had the quietest first quarter in a decade, as its fundraising tally suffered from a dearth of blockbuster listings, while the US-China trade war deterred acquisitions and an increasingly stringent approvals process discouraged companies from raising fresh capital.Total equity capital market funds fell 66 per cent in the first three months to US$6.98 billion compared with last year, according to Refinitiv’s data, the worst quarter since 2009 when the market was roiled… Source link

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Hong Kong’s exchange is looking at ways to spur trading in unloved stocks to bolster turnover

Hong Kong Exchanges and Clearing (HKEX), which operates the third largest stock market in Asia, is exploring different ways to boost share turnover of smaller companies in an effort to bolster the city’s role as a fundraising hub, according to two people familiar with the situation.Potential plans under study include lowering trading costs as well as adding some smaller companies to the stock connect schemes, the source said.Among the city’s 2,315 listed companies as of the end of December, 80… Source link

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Yangon’s equities exchange has only five trading stocks and very few investors, but that’s about to change

In a colonial building in Myanmar’s largest city, a large screen showed stock prices for a handful of companies. Four people, perhaps tourists, perhaps investors, shuffled around the floor. The clock struck 11. Suddenly the prices changed. Then, in an instant, all the people were gone.That was just another day at Asia’s tiniest bourse, the Yangon Stock Exchange. Home to only five companies, it updates prices just four times a day. And those are the high points. The rest of the time, little… Source link

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Vietnam 

Vietnamese, Russian firms exchange co-operation opportunities – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Participants at the meeting in Hà Nội. — VNA/VNS Photo Viet Nam News HÀ NỘI — The Việt Nam Chamber of Commerce and Industry held a meeting for Vietnamese and Russian businesses in Hà Nội on Thursday to exchange co-operation opportunities in numerous fields. Vice Chairman of the VCCI Hoàng Quang Phòng said Việt Nam and Russia boasted long-standing economic and trade relations. Việt Nam wanted to co-operate with Russia in areas such as energy, infrastructure development, oil and gas, and mechanical industry, he said. Việt Nam would…

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Hong Kong stock exchange wins ‘collaboration’ pledge as securities chiefs meet in Beijing

Hong Kong’s newly-appointed securities regulator on Tuesday vowed to work more closely with his mainland Chinese counterpart following their first meeting, as the city’s bourse seeks to attract mainland capital and companies to strengthen its global influence.Tim Lui Tim-leung, who became the chairman of the Securities and Futures Commission (SFC) in October, visited the China Securities Regulatory Commission (CSRC) in Beijing and met with chairman Yi Huiman for the first time on Monday, during… Source link

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China 

China has made a clear effort to keep yuan exchange rate stable, PBOC says

The Chinese government has made a clear effort over the last four years to maintain a stable exchange rate in the face of sustained downward pressure on the yuan, People’s Bank of China governor Yi Gang said on Sunday.“Since the beginning of 2015, the RMB has been facing depreciation pressure from various external and domestic factors,” Yi said during the National People’s Congress meetings in Beijing. “However, facing this depreciation pressure, the Chinese monetary authorities are still… Source link

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Hong Kong exchange thinks it has a shot as world’s fundraising hub, tapping China’s trillions in savings. Does it?

Hong Kong Exchanges and Clearing Limited (HKEX) may be on the verge of a breakthrough innovation in its transformation from a regional bourse into a global financial market place.The operator of Asia’s third-largest stock market, which gets 61 per cent of its revenue from equity-related trading, 19 per cent from futures and 17 per cent from its stake in the London Metal Exchange (LME), is looking at the potential of turning data into a new asset class that can be bought and sold in a financial… Source link

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