China Hints at Launching Shanghai-Zurich Stock Connect Program
China Hints at Launching Shanghai-Zurich Stock Connect Program April 29, 2021 Posted by China Briefing Reading Time: 4 minutes
The Shanghai Stock Exchange (SSE) may inaugurate the sale of global depositary receipts (GDRs) in Switzerland by Chinese companies in 2021, along the lines of the Shanghai-London Stock Connect. This intention was picked up during a recent speech made by a senior SSE official.
On April 20, 2020, Cai Jianchun, general manager of the SSE, said in a panel discussion at the Boao Forum in Hainan, “We are preparing to make important efforts in Switzerland going forward and we believe that the first batch of the trial will succeed this year”.
SFC issued a bulletin regarding issues relating to the Codes on Takeovers, Mergers and Share Buybacks (the
Takeovers Code), which includes the following highlights:
Identifying All Relevant Regulatory Approvals for Completion of Offers
SFC reminded offerors, offeree companies and their respective advisers that sufficient and thorough due diligence should be conducted at the outset of a transaction so that all regulatory approvals required for the completion of offers are identified early and disclosed appropriately in line with Rule 3.5(e) of the Takeovers Code. Failure to do so can cause numerous problems, for example, unnecessary delays in the offer timetable or locking up shareholder shares pending regulatory approvals (where discovered and disclosed after the shareholders have accepted an offer). Furthermore, if a particular regulatory approval is not specifically disclosed in the firm intention announcement, SFC may not allow such condition to be invoked under Note 2 to Rule
Greenberg Traurig's China Newsletter update for winter 2021 covering QFII and RQFII provisions, QFII/RQFII Rules, Foreign Direct Investment, Drug Registration administrative measures, MAH systems and more.
From a humble shop lot office in 1994 to becoming the largest conventional bank in Brunei and a leader in Brunei’s banking industry, Baiduri Bank has grown in strides over its 25 years of operation in Brunei Darussalam and its achievements have been recognised by numerous international publications.
“Our successes and position in the economy can be attributed to our commitment to local projects, interests and clients, our responsiveness to react to changes and the foresight to anticipate changes in the global and regional economy, as well as our global outlook,” Ti Eng Hui, CEO of Baiduri Bank, told World Finance.
Guo Shuqing: China s New Development Stage and Hong Kong SAR s New Opportunities
Speech by Mr Guo Shuqing, Party Secretary and Deputy Governor of the People s Bank of China, at the 14th Asian Financial Forum, 18 January 2021. Central bank speech |
It s a great honor to speak at the Asian Financial Forum.
Today s world is witnessing historic changes. Asia may play a prominent role in the development of the world s civilization as it once did a few centuries ago. And recently China has set out clear development objectives. By 2035, it will achieve socialist modernization. By 2050, it will develop into a modern socialist country that is strong, prosperous, democratic, culturally advanced, harmonious and beautiful.