Live Breaking News & Updates on Tricor Hong Kong

Stay updated with breaking news from Tricor hong kong. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Tricor Hong Kong, CHKLC and HKIRA Launch Survey on Shareholding Ownership - Different Holding Models and Transparency

HONG KONG, June 8, 2022 /PRNewswire/ It is essential for companies of all sizes to maintain a high degree of corporate governance, especially regarding the transparency of their shareholding structure. In the past ten years, over 15% of the market cap holdings of all listed companies ("ListCos") in Hong Kong moved from the "registered name" holding into the "nominee name" holding under HKSCCN. The latest figure shows that over 65% of ListCos' market value is held under the name of an HKSCC Nominee. In certain instances, such as with newly ListCos, over 99% of their holdings are held by HKSCCN as the largest single shareholder. While this "nominee structure" works well to lower the trading costs, it can negatively impact ultimate investors and issuers, particularly when it comes to corporate governance that requires active communication and participation between listed issuers and investors. Moreover, this would seriously impact issuers' ....

Hong Kong , Catharine Wong , Seva Chan , Mike Wong , Tricor Hong Kong , Hong Kong Listcos , Stock Exchange Of Hong Kong , Futures Commission , Hong Kong Investor Relations Association , Hong Kong Listed Companies , Stock Exchange , Managing Director , Share Registry , Issuer Services , Hong Kong Listed , Red Chips , June 8 , 022 Prnewswire It Is Essential For Companies Of All Sizes To Maintaina High Degree Corporate Governance , Specially Regarding The Transparency Of Their Shareholding Structure In Past Ten Years , Ver 15 Of The Market Cap Holdings All Listed Companies Quot Listcos In Hong Kong Moved From Registered Name Holding Into Nominee Under Hksccn Latest Figure Shows That Over 65 39 Value Is Held An Hkscc Certain Instances , Uch As With Newly Listcos , Ver 99 Of Their Holdings Are Held By Hksccn As The Largest Single Shareholder While This Quot Nominee Structure Works Well To Lower Trading Costs , T Can Negatively Impact Ultimate Investors And Issuers , Articularly When It Comes To Corporate Governance That Requires Active Communication And Participation Between Listed Issuers Investors Moreover , His Would Seriously Impact Issuers 39 Statutory Right To Build The Necessary Investor Relations Quot Ir Quickly And Effectively As Leading Business Expansion Specialist In Asia With Over 20 Years Of Rich Experience Serving 10 , 000 Customers ,