Thursday April 19 2018
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: China
Link: http://www.szse.cn/main/en/AboutSZSE/SZSENews/SZSENews/39778841.shtml
On 19th April 2018, Shenzhen Stock Exchange (SZSE) announced that it intends to amend its Articles of Association in order to Improve Regulatory Oversight.
This is the first time for SZSE to amend its Articles of Association since the 19th CPC National Congress as well as since the revision of Measures for the Administration of Stock Exchanges (hereinafter referred to as the “Measures”) was implemented.
The changes to the Articles will give the exchange greater power to suspend and re-list stocks. The changes will also enhance its ability to provide transfer services for non-public stocks, supervise securities service agencies, and protect investors. Entities like bond issuers are also subject to supervision.
The exchange will be awarded the ability to impose a “punitive default penalty” as a disciplinary measure and the issuance of “Letter of Recommendation”.
For additional information please click the link above.