Vietnam 

Securities regulator unveils corporate governance code – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Việt Nam Corporate Governance Code for Best Practices for public companies was launched on August 13. — VNS Photo Việt Dũng HCM CITY — The first ever Việt Nam Corporate Governance Code of Best Practices, a set of recommended practices for Vietnamese public companies, has been issued by the State Securities Commission of Việt Nam. It was developed with technical support from the International Finance Corporation (IFC) and assistance from the Swiss State Secretariat for Economic Affairs. With practices that go beyond the minimum legal requirements, it aims to encourage…

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Vietnam 

Securities firms with smaller capitalisation dominate derivatives broking activities – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The launching ceremony of the derivatives market on August 10, 2017. – Photo tapchitaichinh.vn HÀ NỘI – After two years of operation, smaller securities firms in terms of market capitalisation have beaten big players in derivatives brokerage market share. In the early stages of the derivatives market, which was launched on August 10, 2017, SSI Securities Corp (SSI) held the biggest market share of 28.28 per cent. It was followed by six other brokerage firms. As of the end of 2018, three more had joined the market. VNDirect Securities…

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Vietnam 

Top securities firms report lower earnings in Q2 due to poor liquidity – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A SSI Securities Corporation trading office. The company is among top three securities firms that recorded lower quarterly earnings. – Photo vietnamnfinance.vn HÀ NỘI – A quiet stock market in the first half of 2019 resulted in lower quarterly earnings for some large-cap securities companies, causing their shares to decline in the past two weeks. SSI Securities Corp (SSI), HCM City Securities Corp (HSC) and VNĐirect Securities Corp (VNĐS) were the three large-cap brokerage firms that reported lower earnings in the second quarter and in the first six months.…

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Central China Securities shares plunge in Shanghai and Hong Kong as asset management products face default risks

Shares of Central China Securities tumbled in Shanghai and Hong Kong after the brokerage said two of its asset-management products worth 241.5 million yuan (US$35.1 million) may be about to default on payments to investors.The stock had slumped 8.5 per cent to 5.30 yuan by mid-afternoon Friday in Shanghai, putting it on track for its biggest decline since May 6. The shares lost 4 per cent to HK$1.70 in Hong Kong.The two asset-management products were backed by Minxing Pharmaceutical, a drug… Source link

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China has a big headache bashing Citic Securities with CLSA, instead of getting its own version of Goldman Sachs

The man tasked with building a Goldman Sachs for Communist China was done playing nice.With hundreds of staff gathered to hear him speak at the Beijing Four Seasons Hotel in January, Citic Securities Chairman Zhang Youjun called out leaders of his firm’s international unit by name and questioned their ability to earn a decent return on capital. In a room full of investment bankers, it amounted to a stunning rebuke.For the executives at Citic’s CLSA unit who sat listening to Zhang in silence, it… Source link

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Vietnam 

Securities firms warn listed businesses may struggle to meet EVFTA standards – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A corner of Sài Gòn Port, run by Sài Gòn Port JSC (UPCoM: SGP). Logistics firms are expected to benefit from the inflow of foreign capital, as the amount of shipments loaded at ports is expected to increase thanks to the Europe-Việt Nam Free Trade Agreement (EVFTA). — Photo ndh.vn HÀ NỘI — Việt Nam’s benchmark VN-Index has risen since the ratification of the EU-Việt Nam trade agreement on the back of listed firms whose exports would be boosted by the deal. However, securities firms have warned their increased share prices may not…

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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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