Asia Investor Group on Climate Change (AIGCC)’s Post

🔔@SSE’s Notice on The Shanghai-Shenzhen-Hong Kong Stock Exchange announced simultaneous adjustments to the Shanghai-Shenzhen-Hong Kong Stock Connect trading information disclosure mechanism. In order to further optimize the Shanghai-Shenzhen-Hong Kong Stock Connect mechanism and ensure the consistency of overall information disclosure in the market, under the guidance of the two securities regulatory commissions and based on the home venue principle, the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE) and Hong Kong Stock Exchange The Clearing House Limited (HKEx) will make adjustments to the Shanghai-Shenzhen-Hong Kong Stock Connect transaction information disclosure mechanism respectively. The main arrangements after the adjustment are as follows: 👉 Read more:  https://lnkd.in/g_brTEJV #SSE #HKEX #SZSE #mainland #China #HongKong #investors #Stock #MarketShare #ChinaSecurities #BondMarket #MaketEconomy

Swedish marketplace Spotlight Stock Market has implemented CCP clearing to encourage international trade in the shares it lists. The firm reveals in a press release that it is working with Cboe Clear Europe, SIX X-CLEAR AG, and LCH to provide “the same solution as the major European exchanges” without charging any additional fees for listed companies.

We are pleased to announce the launch of the Hang Seng HKEX Stock Connect China Enterprises Index (‘#SCCEA’), in collaboration with Hong Kong Exchanges and Clearing Limited (HKEX) (‘#HKEX’). The SCCEA, which will be launched on 21 November 2024, serves as a comprehensive benchmark for Chinese companies eligible for trading under #StockConnect. The SCCEA is composed of 80 constituents, including Southbound Stock Connect-eligible Hang Seng China Enterprises Index (‘#HSCEI’) constituents and large-cap A-shares eligible for trading through the Northbound Stock Connect. The SCCEA provides a one-stop solution for investors to track Chinese companies and build cross-market China investment strategies. Full press release with publication date 15 November 2024: https://lnkd.in/gs5bSBpw #HangSengIndexes #HSI #China #pressrelease

🔔@SSE’s ’Notice on Releasing Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial) To further implement the spirit of the Central Financial Work Conference and the requirements of policy papers including State Council's Opinions on Enhancing Supervision and Risk Prevention to Promote the High Quality Development of the Capital Market and the China Securities Regulatory Commission’s Opinions on Enhancing the Supervision of Listed Companies (Trial), with the aim to promote listed companies’ high quality development and investment value enhancement and regulate their disclosure of sustainability information, the Shanghai Stock Exchange (“SSE”) has formulated the Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial) (see annex) (“Guidelines”). The Guidelines apply to companies listed on main board and the STAR market. The Guidelines are hereby released and shall take effect since May 1st, 2024. 👉 Read more:  https://lnkd.in/gHizfZit #SSE #mainland #China #investors #Sustainability #ESG #Listedcompnies #Stock #ChinaSecurities #Trading #Mainboard #StarMarket

Notice on Releasing Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial) The Shanghai Stock Exchange (“SSE”) has formulated the Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial) (see annex) (“Guidelines”). The Guidelines apply to companies listed on main board and the STAR market. The Guidelines are hereby released and shall take effect since May 1st, 2024. #STARMarket #SSE #guideline #supervision #mainboard

This is the most spectacular thing I have ever seen in financial markets in my life. It is spectacular for 3 reasons. 1) The Shanghai Stock Exchange is currently closed for golden week. These listed ETFs are rallying on pure speculation that when it opens next week the CSI will continue it’s rally. This ETFs being treated as futures contracts. 2) This is ~40% growth in 6 days, not of some speculative small cap. But of the 50 largest best known companies in China. Companies like Kweichow Moutai, that have fairly predictable patterns of consumption. 3) And you might need some Moutai for this, there has still been no formal fiscal stimulus announcement. This is all pure speculation that this stimulus when it comes will be big enough. And for all these reasons I have now exited the position I entered on China. I am not going to be picking up pennies in front of a bulldozer. #china #csi300

China's securities regulator has implemented new regulations to tighten controls on major shareholders' reductions in stock market holdings on last Friday. These rules aim to eliminate loopholes that previously allowed unregulated and indirect reductions in stakes. The most stringent regulations to date, they address critical oversight issues in the A-share market. The China Securities Regulatory Commission (CSRC) now requires strict pre-disclosure, limits on quarterly share sales, and caps on selling shares pre-IPO. These enhancements promote a rational investment approach, laying a stable foundation for China's equity markets. #China #stockmarket #regulator #newrules #shareholders

To enhance Mainland and Hong Kong investors’ understanding of the products in each other’s market, as well as facilitate both markets’ trading and liquidity, the #SFC announced today arrangements to facilitate distribution of research reports of eligible ETFs under Stock Connect. The China Securities Regulatory Commission has clarified that the existing requirements for Mainland securities companies to forward research reports of eligible Hong Kong stocks under Stock Connect on the Mainland can apply to research reports of eligible Hong Kong ETFs under Stock Connect. Reciprocally, the SFC has also set out in its circular issued today the requirements for intermediaries to distribute research reports of eligible Mainland ETFs under Stock Connect in Hong Kong. See details in the press release (https://lnkd.in/gHa_hNTN) and the circular (https://lnkd.in/gzdaMkpZ).

Exciting news! 🎉 As of June 11, 2024, important changes to the Rules will come into effect. These changes include the removal of the requirement to cancel repurchased shares. Moving forward, issuers will have the option to hold the repurchased shares in treasury, in accordance with the laws of their places of incorporation and their constitutional documents. This change provides issuers with greater flexibility and strategic options for managing their share repurchases. #HKEX #ListedCo #CapitalMarketUpdates #BusinessFlexibility #Issuers #TreasuryShares #RegulatoryChanges #FinancialMarkets

China has issued an unprecedented set of policy guidelines to push for transparency, security, risk-management and vibrancy in the country’s US$9 trillion stock market. The government is trying to promote the “high-quality” development of China’s capital market by strengthening supervision and guarding against risks. The document released by the State Council after the markets closed on Friday evening sets out nine guidelines that formulate a framework to develop the market, demanding a better mechanism for protecting investors’ interests and an improvement in the quality of listed companies over the next five years. According to the document published today, companies will be required to disclose their dividend payout policies when they list, and stricter rules on information disclosure and corporate governance will be implemented to restrict stake reductions by major shareholders and push listed companies to boost investment value. The regulators will also work out standards for abnormal trading and manipulation, issue rules to strengthen the supervision of high-frequency trading, and mete out severe punishments in cases of malicious manipulation and short-selling, it said.The document also called for the fast-track approval of exchange-traded funds, the expansion of index-based funds, and a higher proportion of stock-focused funds in the mutual fund industry.#China #stockmarket #policy #publiccompanies #highfrequencytrading #mutualfunds