Successful Implementation of Overall Listing of SZSE's First A-share Transformed from Existing A-share and B-share
December 30, 2015--The Plan of Merger and Acquisition of China Merchants Property Development Co., Ltd. by China Merchants Shekou Industrial Zone Holdings Co., Ltd. through A-share Offering for Shares Swap has been successfully implemented recently.
And Merchants Shekou is listed in Shenzhen Stock Exchange on December 30, 2015.
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Source: Shenzhen Stock Exchange
China PBOC Adopts New Macro-Prudential System To Prevent Risks
December 29, 2015--The People's Bank of China said it has introduced a Macro Prudential Assessment (MPA) system in order to more effectively prevent risks and adapt to the growing trend among financial institutions to diversify their assets.
The Chinese central bank said the MPA system will replace the previous system that focused on using dynamic deposit reserve ratios and loan quotas to control risks in the banking system.
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Source: mninews.marketnews.com
SZSE Market Bulletin 28 December, 2015-Issue 31
December 29, 2015--Last week, Shenzhen Component Index stood at 12980.6 points after adding 1.2%. SME Index edged up 1.0% to 8565.7 points.
ChiNext Index was down 1.3% to 2794.7 points. Total turnover for stocks and funds on SZSE was US$389.5 billion, or a 1.7% decrease from the week before.
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Source: Shenzhen Stock Exchange
China and Clinton Agree: Traders Should Pay for Canceled Orders
December 29, 2015--CSRC rule proposals seen taking effect in as early as 2016
Proposal to levy fees on high cancel rates echoes Clinton plan
Chinese securities regulators are preparing some of the world's strictest regulations on a trading practice at the heart of the global debate over high-speed computerized markets.
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Source: Bloomberg
China likely to launch Shenzhen-HK Stock Connect next year: CSRC
December 25, 2015--China is expected to launch a stock connect plan between the Shenzhen and Hong Kong bourses next year, said a senior official of the China Securities Regulatory Commission (CSRC) on Friday.
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Source:China Daily
Mirae Asset named preferred bidder for KDB Daewoo
December 24, 2015--A Mirae Asset Securities-led consortium has been named as the preferred bidder to acquire a controlling stake in KDB Daewoo Securities,, the state-run Korea Development Bank (KDB) said Thursday.
KDB, which controls KDB Daewoo with a 43 percent stake, held a board meeting to select the consortium as the preferred bidder for the stake in KDB Daewoo and the entire 100 percent stake the state-run bank owns in KDB Daewoo Management in a package deal, the bank said.
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Source: www.koreatimes.co.kr
IMF Working paper-Financial Distortions in China: A General Equilibrium Approach
December 24, 2015--Summary: Widespread implicit guarantees and interest ceilings were major distortions in China's financial system, contributing to a misallocation of resources.
We analyze the impact of removing such frictions in a general equilibrium setting. The results show that comprehensive reforms generate better outcomes than partial ones: removing the deposit rate ceiling alone increases output, but the efficiency of capital allocation does not improve. Removing implicit guarantees improves output through lower cost of capital for private companies and better resource allocation.
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Source: IMF
SZSE Market Bulletin 21 December, 2015-Issue 30
December 22, 2015--Last week, Shenzhen Component Index stood at 12830.2 points after adding 5.7%. SME Index edged up 4.9% to 8478.9 points.
ChiNext Index advanced 6.0% to 2830.3 points. Total turnover for stocks and funds on SZSE was US$396.1 billion, or a 10.4% increase from the week before.
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Source: Shenzhen Stock Exchange
China Said to Ask Banks to Test Longer Yuan Trading Hours
December 22, 2015--Lenders told to conduct test-runs till 11:30 p.m. in Shanghai
Possible extension of hours to support global usage push
Chinese authorities have asked some banks to conduct test runs for longer trading hours for the onshore yuan, according to people familiar with the matter who asked not to be identified as the matter hasn't been made public.
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Source: Bloomberg
S&P/JPX Dividend Aristocrats Index Launches in Japan; Third Index in New S&P/JPX Smart Beta Index Series
December 22, 2015--S&P Dow Jones Indices ("S&P DJI"), Japan Exchange Group ("JPX") and Tokyo Stock Exchange ("TSE") today announced the launch of the S&P/JPX Dividend Aristocrats Index, as part of the S&P/JPX Smart Beta Index Series developed based upon a strategic index agreement signed by S&P DJI, JPX and TSE in October this year.
As the latest member of the well-known S&P Dividend Aristocrats index family, the S&P/JPX Dividend Aristocrats Index measures the performance of the Tokyo Stock Price Index (TOPIX(R))'s constituents that have followed a policy of consistently increasing dividends or maintaining stable dividends every year for at least ten years.
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Source: S&P Dow Jones Indices
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