Hong Kong Exchanges and Clearing Limited (HKEX) just announced it will implement the Volatility Control Mechanism (VCM) in its derivatives market on 16 January 2017. The rollout was deferred on 13 November 2016 when a technical issue was identified during the final preparation. All necessary analysis and follow-up to resolve the technical issue have been…
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The Securities and Futures Commission (SFC) just announced that is extending the eligible indices of Leveraged and Inverse Products (L&I Products) listed in Hong Kong to include Hong Kong equity indices and other non-equity indices. Previously, L&I Product providers were limited to issuing products on non-Hong Kong, non-Mainland foreign equity indices. There are currently 12…
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The Stock Exchange of Hong Kong Limited placed Anxin-China Holdings Limited into the third delisting stage today. If no viable resumption proposal is received by the end of the third delisting stage (i.e. 20 June 2017), Anxin-China Holdings’ listing will be cancelled. Trading of the company's shares was suspended on 1 April 2015 as it…
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A number of new records were set in Hong Kong's derivatives markets in 2016, according to market statistics from 1 January to 15 December 2016 published on Hong Kong Exchanges and Clearing Limited's (HKEX) website today. Total futures trading reached 80,950,484 contracts, up 10% on the full-year record high of 73,462,212 contracts in 2015. Trading of…
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The Stock Exchange of Hong Kong Limited (HKEX) put Dejin Resources Group Company Limited into the third delisting stage today. If no viable resumption proposal is received by the end of the third delisting stage (i.e. 13 June 2017), the Company’s listing will be cancelled. Trading of the Company's shares was suspended on 16 May…
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The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has noted from its recent investigations and disciplinary actions that a number of company directors have failed in their duties and not taken a proactive role in fulfilling their responsibilities as directors, either due to a lack…
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The Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), are closely monitoring rights issues and open offers that substantially dilute the interests of non-subscribing minority shareholders (highly dilutive offers). The SFC and the Exchange are concerned that in some…
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The Board of Directors of Hong Kong Exchanges and Clearing Limited (HKEX) has approved the appointment of Mr Alexander Longman as a member of the Derivatives Market Consultative Panel to fill the vacancy arising from Mr Craig Robertson's resignation. HKEX wishes to take this opportunity to thank Mr Robertson for his dedicated service to the…
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Hong Kong Exchanges and Clearing Limited (HKEX) has welcomed today's announcement by the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission of the start date for Shenzhen-Hong Kong Stock Connect (Shenzhen Connect), a mutual market access programme of the Hong Kong and Shenzhen stock markets. As stated in a regulatory announcement…
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Hong Kong Exchanges and Clearing Limited (HKEX) has just announced that will change the trading-fee tier of several of its Stock Option classes from January 3, 2017 based on its latest annual review of the classifications. The trading-fee classifications are comprised of the following three tiers: Tier 1: notional value above $25,000 Tier 2: notional…
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