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London calling: Huatai Securities blazes trail for Chinese companies seeking to reach beyond New York and Hong Kong

The successful listing of Huatai Securities on the London Stock Exchange will encourage more Chinese companies to raise funds via the Shanghai-London link and align stock pricing with international practice, according to analysts.The Nanjing, Jiangsu province-based brokerage has risen 7.3 per cent from its offer price after a second day of trade in London, after raising US$1.54 billion from selling global depository receipts. It was the first Chinese company to list depository receipts through… Source link

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Vietnam 

Vietnamese securities catch the eye of South Korean investors – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

In March Korean Investment Management bought a 5.08 per cent stake in Việt Capital Securities Joint Stock Company.  — Photo tinnhanhchungkhoan       Compiled by Thiên Lý                                                          The Vietnamese stock market now has many South Korean-owned securities companies following a series of acquisitions in recent years. In March Korean Investment Management bought a 5.08 per cent stake in Việt Capital Securities Joint Stock…

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China’s securities watchdog to ‘ensure the country’s capital market sound and solid’

China’s securities watchdog is tightening regulatory oversight of trading in Shanghai and Shenzhen, clearing the backlog of suspended companies and launching new products as foreign investors show growing interest in the country’s capital market, once derided as a casino amid runaway investment and insider trading.The move is aimed to ensure a sound capital market to drive economic growth, according to Li Chao, a vice-chairman of the China Securities Regulatory Commission.Speaking at a forum in… Source link

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US-China trade war impact on stock market is ‘controllable’, insists China’s securities watchdog chief

China’s stock market has already absorbed the shocks from the escalation of the trade war with the United States and any future risks are “controllable”, according to China’s securities market watchdog chief, in an attempt to calm nerves as the tensions between Beijing and Washington further threaten investor confidence.The benchmark Shanghai composite stock index lost nearly 6 per cent in May as the trade negotiators failed to reach a deal to end the trade war, which has rumbled on since July… Source link

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Hong Kong’s financial watchdog fines China Merchants Securities for ‘failing’ in its IPO sponsor duty

Hong Kong’s securities regulator on Monday fined China Merchants Securities (HK) Co HK$27 million (US$3.4 million) for failing in its duty as an initial public offering (IPO) sponsor for the 2009 listing of China Metal Recycling, one of the largest listing frauds in the city.The latest action by the Securities and Futures Commission (SFC) against the Hong Kong subsidiary of one of China’s largest brokerages follows its earlier punishment of Swiss investment bank UBS, which jointly sponsored the… Source link

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CITIC Securities Brokerage HK strengthens its wealth management platform

[Sponsored Article] “In the past six months, we have shifted our focus towards wealth management services,” says Tony Leung, Chief Executive Officer of CITIC Securities Brokerage HK. “As the market evolves, we have seen growing number of clients with greater demand on sophisticated wealth management products.  As such, client demands lead us to gradually transform the company from traditional securities brokerage business to wealth management.” Strong demand for wealth management services … Source link

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China’s former securities regulator Liu Shiyu is probed over family members’ insider trading and favouring hometown IPOs, sources say

Liu Shiyu, China’s former top securities regulator, is being investigated for allegedly fast-tracking initial public offerings of small banks in his hometown and also of having family members who bought bonds at below-market prices, according to sources and media reports.The investigation of Liu – announced Sunday with the usual vague wording in such probes – shocked industry insiders and regulators in China’s financial market.It came only four months after he stepped down as chairman of the… Source link

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Liu Shiyu, China’s former top securities regulator, turns himself in as part of corruption investigation

China’s former securities watchdog chief Liu Shiyu has become the subject of a graft probe, the country’s super anti-corruption agency said on Sunday.Liu, who left the China Securities Regulatory Commission in a surprise reshuffle in January, was said to have turned himself in and is suspected of violating party discipline and laws, according to a terse statement issued by the National Supervisory Commission. Liu is cooperating with the investigation.Liu, 57, currently heads the All-China… Source link

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Money 

China’s securities regulator lays out his bottom line for corporate governance to undergird markets for external shocks

China’s securities regulator has reiterated his resolve to crack down on malfeasance, outlining four types of corporate activities that breach the bottom line of good governance, as the country’s stock market reeled from a week of roller-coaster swings.“Corporate governance forms the pillar and the foundation of the capital market, without which a solid financial system cannot exist,” said the chairman of the China Securities Regulatory Commission (CSRC) Chairman Yi Huiman, during an event by… Source link

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Vietnam 

More than 350 foreign investors join VN’s securities market in April – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  In April, more than 350 foreign investors were granted codes to participate in the Việt Nam’s securities market. – Photo tienphong.vn HÀ NỘI – More than 350 foreign investors were granted securities trading codes in April, bringing the total number of foreign investors able to participate in the Việt Nam’s securities market to nearly 30,240, according to the Việt Nam Securities Depository (VSD). Of them, 44 were institutional investors and 312 individual investors. In April, VSD removed securities trading codes from six foreign investors. Foreign investors bought a net volume…

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