Vietnam 

VN stocks slide as lack of information hits large-caps – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An investor checks stock prices on his personal tablet at VNDirect Securities Corporation’s trading room. VNA/VNS Photo Tuấn Anh HÀ NỘI— Vietnamese shares slid yesterday as large-cap companies faced strong selling amidst a lack of supportive information while investors awaited discussions on the amended securities law. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.91 per cent to end at 988.48 points. The southern market index climbed 0.84 per cent on Monday. More than 165 million shares were traded on the southern bourse, worth VNĐ4.24 trillion (US$182 million).…

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Vietnam 

Investment information system project kicked off – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Components produced at South Korea-invested KEFICO Vietnam Company Limited in Hải Dương Province. South Korea has pledged $5.5 million for Việt Nam to develop a national investment information system. – VNA/VNS Photo Mạnh Tú Viet Nam News HÀ NỘI — The Ministry of Planning and Investment (MPI) and the Korea International Cooperation Agency (KOICA) on Thursday held a ceremony to officially kick off a project for the development of a national investment information system for the private sector. Deputy Minister of Planning and Investment Vũ Đại Thắng said…

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Singapore 

Personal information of over 800,000 blood donors was accessible online for 2 months: HSA, Singapore News

SINGAPORE – The personal information of more than 800,000 people who have donated or registered to donate blood in Singapore since 1986 was improperly put online by a Health Sciences Authority (HSA) vendor for more than two months, but access to the database was cut off soon after the discovery. Disclosing this in a statement on Friday (March 15), the HSA said its preliminary findings indicate that there was only one instance of external access – by a cybersecurity expert who discovered the vulnerability on Tuesday (March 12) and alerted…

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Vietnam 

Shares to wait for supportive information – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Although the uptrend of the VN-Index is expected to be maintained this week, if there is no strong supportive information, it is believed the index would probably move sideways. The benchmark VN-Index on the Ho Chi Minh Stock Exchange decreased by 0.88 per cent to end Friday at 985.25 points, a weekly gain of nearly 0.59 per cent. The minor HNX Index on the Ha Noi Stock Exchange finished Friday lost 0.60 per cent to end the session at 108.22 points,…

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Home 

New bond connect information platform launched in support of Greater Bay Area initiatives

Hong Kong Exchanges and Clearing launched a new bond connect information platform on Friday to make it easier for international investors to trade Chinese bonds, reflecting the first move to enhance the cross border trading scheme since Beijing announced the Greater Bay Area project blueprint on Monday.Launching the new cross-border investment scheme and enhancing the existing stock and bond connect schemes are among the major proposals in the Greater Bay Area project.“The bond connect has… Source link

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Home 

China’s ‘home appliance queen’ Dong Mingzhu breached information disclosure rules, CSRC says

Gree Electric Appliances chairwoman Dong Mingzhu, known as the mainland’s “home appliances queen”, has been warned by the securities regulator for information disclosure violations. The Guangzhou branch of the China Securities Regulatory ­Commission said Dong was found to have breached the rules about disclosure of company ­performance during a special share­holders’ meeting on January 16, according to a statement issued by the regulator on Friday evening. “You should draw lessons from the mistake and make studies on securities laws and rules to comply with information disclosure requirements,” the statement said.…

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Singapore 

Four hotels fined more than $1.5 million in total for sharing commercially sensitive information, Singapore News

SINGAPORE – Four hotels that colluded by sharing with each other the non-public room rates offered to companies have been fined more than $1.5 million in total for infringing the Competition Act. Singapore’s competition watchdog, the Competition and Consumer Commission of Singapore (CCCS), issued an infringement decision against the owners and operators of the four hotels on Wednesday (Jan 30). The four hotels are: Capri by Fraser Changi City Singapore, Village Hotel Changi and Village Hotel Katong, and Crowne Plaza Changi Airport Hotel. These hotels are between a five- and…

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Home 

Textual Information and its Impact on Investors

[Sponsored Article] By Allen HUANG, Associate Professor,Department of Accounting, HKUST Business School   FinTech companies complain about disclosures, but investors can find them useful if they understand them. Accounting is fundamentally about information. In addition to the numeric information in the financial statements, there is a large amount of unstructured textual information in companies’ disclosures. For example, publicly traded companies are required to disclose both audited financial statements and textual information in their annual reports. In recent years, some FinTech companies have argued that such disclosure regulations are outdated, do…

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China 

China tightens cybersecurity rules on domestic financial information providers to protect stock markets

China’s new cybersecurity rules bring domestic financial information providers in line with regulations that have governed mainland-based foreign bureaus since 2009 and vow to punish those fabricating news or distorting the country’s monetary and fiscal policies. The Cyberspace Administration of China (CAC) released the regulation on Wednesday that governs financial data and information providers which serve institutional and “certain professional investors”, in an apparent crackdown on content deemed detrimental to the country’s financial stability. The new rules, which take effect on February 1, will extend the scope of the government’s…

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China 

China orders crackdown on domestic online financial information providers to keep ‘economic order’

China’s cyber watchdog has issued new regulations for domestic financial information providers, in an apparent crackdown on online content deemed detrimental to the country’s financial stability as the economy slows. Financial information providers are now not allowed to distort Chinese fiscal and monetary policies, disturb economic order or to harm the nation’s interests, the Cyberspace Administration of China (CAC) said on Wednesday. Service providers being targeted include those involved in financial analysis, financial trading and financial decision-making, but do not include foreign wire services, according to the CAC. The CAC…

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