Shenzhen Stock Exchange Deepens Blockchain Cooperation With A Number Of Equity Exchanges Date
13/01/2021
On January 11, Shenzhen Securities Communication Co., Ltd. (SSCC), a subsidiary of SZSE, and six equity exchanges, namely, Guangxi Beibu Gulf Equity Exchange, Haixia Equity Exchange, Hunan Equity Exchange, Jiangxi Equity Exchange, Qilu Equity Exchange and Shanxi Equity Exchange, jointly held the signing ceremony on blockchain cooperation and a seminar centering on “innovative application of FinTech in regional equity markets” at SZSE. The parties discussed in depth on topics like planning for IT application of equity exchanges and application thinking of blockchain technology, and further implemented the pilot project of blockchain development in regional equity markets proposed by China Securities Regulatory Commission (CSRC). Officials of SZSE, SSCC and the six equity exchanges attended relevant activities.
Lenovo to sell CDRs in Shanghai, boosting Star Market’s pitch for China’s national champions to raise funds at home Georgina Lee georgina.lee@scmp.com
Lenovo, the world s largest personal computer maker, is seeking shareholders approval to sell Chinese depositary receipts (CDRs) in Shanghai, in a move that further opens the city s stock exchange for offshore companies to raise capital.
The owner of the IBM Thinkpad laptop brand is seeking to issue 1.3 billion new shares, or 10 per cent of its enlarged capital, through CDRs, Lenovo said in a Tuesday announcement to the Hong Kong stock exchange, without specifying the amount raised. Based on Tuesday s closing price of HK$8.05 per share, Lenovo s CDR sale could raise up to HK$10.8 billion (US$1.4 billion).
Recovering from a relatively slow start to the year, due in no small part to the global pandemic, the U.S. Foreign Corrupt Practices Act (“FCPA”) Units of the U.S. Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) closed the year with a bang. With 32 combined FCPA enforcement actions, 51 total cases including ancillary enforcement, and a record-setting $2.78 billion in corporate fines and penalties (plus billions more collected by foreign regulators), 2020 marks another robust year in the annals of FCPA enforcement.
This client update provides an overview of the FCPA and other domestic and international anti-corruption enforcement, litigation, and policy developments from 2020, as well as the trends we see from this activity. We at Gibson Dunn are privileged to help our clients navigate these challenges daily and are honored again to have been ranked Number 1 in the
HSBC grooms top bankers for make-or-break push into China businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.