ccass hong kong

The two exchanges merged to form the Hong Kong Stock Exchange in 1947 and re-establish the stock market after the Second World War. The Group also operates four clearing houses in Hong Kong: Hong Kong Securities Clearing Company Limited (HKSCC), HKFE Clearing Corporation Limited (HKCC), the SEHK Options Clearing House Limited (SEOCH) and OTC Clearing Hong Kong Limited (OTC Clear). In Hong Kong, investors have two ways of holding shares - in paper share certificates or in an electronic form within the CCASS (Central Clearing and Settlement System). C00010: 10 digits (numeric) Crédit Agricole Indosuez (Calyon) C00062: 11 digits (numeric) DBS Bank (Hong Kong) Ltd: C00015 The Hong Kong Government is the single largest shareholder in HKEX, and has the right to appoint six of the thirteen directors to the board. Either way has its own features which investors should be aware of. 15 NOV 2019 Subscribe to a White Form eIPO The Qianhai Authority has given the green light[8] to HKEX to set up the commodities platform in the special economic zone, but official crackdowns on spot trading platforms in Mainland China have caused a delay. HKEX and its subsidiaries do not take any responsibility for such information, nor do they make any warranties, whether express or implied, as to the accuracy, adequacy, quality or fitness for any particular purpose or use of such information and all such warranties are expressly excluded to the fullest extent that such warranties may be excluded by law. 11 Jan 2021. [14], HKEX implemented a Closing Auction Session (CAS) in two phases[15] on 25 July 2016 and 24 July 2017. CCASS is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms The Free Dictionary [19], In April 2002, HKEX launched a study to consider the delisting of "penny stocks" to improve market efficiency. You may also request for CCASS shareholding information in the past 7 years by submitting written request to psh@hkex.com.hk. [9], After the New York Stock Exchange announced in November 2006 that it would open an office in Beijing to work with the Shanghai Stock Exchange, Hong Kong Exchanges and Clearing chairman Ronald Arculli dampened speculation, saying it has no immediate plans to acquire or merge with other exchanges, but would focus on "strengthening our competitiveness and reviewing our listing fees". A second exchange, the Hong Kong Stockbrokers' Association was incorporated in 1921. If the specified shareholding date is a Sunday or a Hong Kong public holiday, shareholding information on the preceding day which is not a Sunday or Hong Kong public holiday will be displayed. 2.1 INTRODUCTION: CCASS is a system to cater A Volatility Control Mechanism (VCM),[17] which functions similarly to circuit breakers on US exchanges, was implemented in two phases on 22 August 2016 and 16 January 2017. You may also enter a CCASS Participant ID or CCASS Participant Name if you only want to search for the shareholdings of a particular CCASS Participant on the specified stock and date. The Hong Kong Commodity Exchange was renamed the Hong Kong Futures Exchange (HKFE) on 7 May 1985. The main products traded on the commodity exchange were cotton futures, sugar futures, soybean futures and gold futures. Citi Hong Kong provides a range of banking products for business and personal needs, which includes credit cards, loans, investments, wealth management & insurance. HKEX has been the world's top listing venue in terms of IPO funds raised in seven of the past 11 years[5]. It also includes some regulated short-selling orders.[16]. At the time, JP Morgan was investigated by the US Securities and Exchange Commission and the US Department of Justice into possible violation of anti-bribery laws by improperly hiring relatives of Chinese officials, known as "princelings", to win business. Only 15 years late(r), on 28-Apr-08, HKEx announced that to improve transparency, the CCASS holding data would now be available online. The Association was renamed the Hong Kong Stock Exchange in 1914. [24], On 10 August 2011, the Hong Kong stock exchange was forced to halt trading in the afternoon for seven stocks, including itself and two other blue chip stocks - HSBC Holdings and Cathay Pacific, after its issuer disclosure website was hacked during the morning trading session. To start searching, please select a Shareholding Date and enter a Stock Code or Stock Name. Hong Kong Exchanges and Clearing Limited (HKEX; Chinese: 香港交易及結算所有限公司, also 香港交易所 or 港交所 ) operates a range of equity, commodity, fixed income and currency markets through its wholly owned subsidiaries The Stock Exchange of Hong Kong Limited (SEHK), Hong Kong Futures Exchange Limited (HKFE) and London Metal Exchange (LME). the CCASS eIPO service, including the Hong Kong identity card numbers, passport numbers or Hong Kong business registration numbers of successful applicants (where applicable) and the number of Hong Kong Offer Shares, successfully applied for, will be made available at the times and dates and in the manner specified below: [21], On 10 September 2002, a government report was released which found HKEX Chief Executive Kwong Ki-chi guilty of administrative mistakes and said he "should be held responsible on behalf of the HKEX for any major policy shortcomings in the preparation and release of the consultation paper". Rapid growth of the Hong Kong economy led to the establishment of three other exchanges - the Far East Exchange in 1969; the Kam Ngan Stock Exchange in 1971; and the Kowloon Stock Exchange in 1972. However it postponed the rules' introduction by three months."[32]. 12 MAR 2020 Market suspensions 12 March Read More. [12] In 1993 the exchange launched the "Automatic Order Matching and Execution System" (AMS) that was replaced by the third generation system (AMS/3) in October 2000. It created CCASS , the central clearing and settlement system, which started operating in 1992 and became the central counterparty for all CCASS participants. 10 Ccass jobs available in Hong Kong Island on Indeed.com, updated hourly. This page was last edited on 22 January 2021, at 15:54. [31] On 30 December 2008, the Listing Committee said it would not withdraw the new rule because it would "have a long-term benefit on the market. Hong Kong Securities Clearing Company Limited was incorporated in 1989. CCASS is a computerized book-entry clearing and settlement system for transactions in securities listed on the Stock Exchange of Hong Kong. [29] The previous blackout period is within one month of publication, and was considered by HKEx to "fail to ensure that insiders do not abuse the market while in possession of unpublished price-sensitive information". Bank Name: Citibank N.A Hong Kong for account of Citibank (Hong Kong) Limited ; Contact details: hkst.gcghk@citi.com or 2860 0222; Applicable to HK/SH/SZ Stock: CCASS Participant ID: C00010 ; Client account No: 8484940000 ; Applicable to US Stock: DTC (Depository Trust Company) ID: 0908 12 FEB 2020 1H20 Financial Results Read More. The Listing Rule amendments were due to become effective on 1 January 2009. OTC Clear started offering OTC derivatives clearing services in November 2013. List of CCASS Participants (Intermediaries) >. We will help you search and apply for your Ccass job and career opportunities. On 28 November 2008, new rules were announced which included, inter alia, limitation of directors' trading in their companies' shares between the end of each semester until after publication of its results. › Use our letterbox (located at 17M Floor Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong) Learn more Latest news and insights. New speech by Ashley Alder: Special remarks at the Asian Financial Forum 2021. Subsequently, HKEX, under the founding member programme, invited 12 financial institutions as founding members of OTC Clear, who in total hold 25 per cent of issued share capital in OTC Clear (in the form of non-voting ordinary shares) whilst HKEX holds the remaining 75 per cent. Looking for online definition of CCASS or what CCASS stands for? The company also offers nominee service. [21] Activist David Webb said that HKEX's desire to delist stemmed from these companies generating very little revenue for the exchange but taking up a disproportionate amount of staff resources. Shenzhen-Hong Kong Stock Connect currently supports order placement over Securities Services Hotline only. 08 APR 2020 Coronavirus Read more. [28], Between 11 January 2008 and 7 April 2008, HKEX launched a consultation paper proposing changes to the Listing Rules "to address 18 substantive policy issues pertaining to corporate governance and initial listing criteria". As of the end of December 2020, there were 2,538 companies[4] listed on HKEX's securities market. For DVP transactions, the cash settlement is done through electronic payment instructions given by CCASS to the participants’ designated banks through the Hong Kong Interbank Clearing Ltd. (HKICL). [7] The acquisition was completed in December 2012. The clearing operation is based on the immobilisation of share certificates in a central depository. The Stock Exchange of Hong Kong Limited Practice Note 8 to the Rules Governing the Listing of Securities (the "Exchange Listing Rules") Issued pursuant to rule 1.06 of the Exchange Listing Rules: INTRODUCTION OF CCASS AND EMERGENCY SHARE REGISTRATION ARRANGEMENTS DURING A TYPHOON AND/OR A BLACK RAINSTORM WARNING Computers were integrated on 2 April 1986, which has helped modernise the system. You may also enter a CCASS Participant ID or CCASS Participant Name if you only want to search for the shareholdings of a particular CCASS Participant on the specified stock and date. [13] Systems as such were added to meet the increased popularity of online stock trading. Razack said HKEx did not consult widely enough and the process was a "black- box operation" that did not reflect industry opinion; David Webb said that the campaign was due to some well-connected tycoons and company directors' rearguard action to derail the rule change. HKEX and its subsidiary companies, HKFE Clearing Corporation Limited and SEHK Options Clearing House Limited, operate rigorous risk management system which enables participants and their clients to meet their investment and hedging needs in a liquid and well-regulated market place. Free real-time detailed quote entitlement will be based on your Banking Plans with Standard Chartered Bank (Hong Kong) Limited (the “ Bank ”). HKEX reserves the right to modify or discontinue, temporarily or permanently, the CCASS shareholding search facility and any information made available thereunder at any time with or without notice. Hong Kong and overseas investors may trade Stock Connect shares through their brokers. September 21, 2015 CCASS participant code: Account number format: ABN Amro Bank N.V. C00060: 7 digits (numeric) BNP Paribas: C00064: 12 characters (alphanumeric) BNP Paribas Private Bank Hong Kong Branch: C00086: 7 digits (numeric) Citibank N.A. You can search for CCASS shareholding information in the past 12 months. ETFs and REITs) and structured products. HKEX's morning session runs from 09:00 am to 12:00 pm; the extended morning session is from 12:00 pm until 1:00 pm and the afternoon session is from 1:00 pm to 4:00 pm. Holding company of the Stock Exchange of Hong Kong Ltd. and Hong Kong Futures Exchange Ltd. Hong Kong Stock Exchange issuer disclosure website disrupted, CEO's alleged involvement in "princeling" hirings, Regulation to extend directors' trading blackout, Automatic Order Matching and Execution System, Companies listed on the Hong Kong Stock Exchange, https://www.hkexgroup.com/-/media/HKEX-Group-Site/Ir/Analyst-Presentation/2020-Q3-Result-announcement.pdf, "HKEX soars to become world's largest exchange operator by market cap", "Hong Kong sees busy IPO day; one debutant soars nearly 200 per cent", "DealBook: Hong Kong Exchange to Buy London Metal Exchange for $2.1 Billion", "HKEX given green light for Qianhai Mercantile Exchange", Arculli maintains HKEx has no merger plans, "Hong Kong makes $37 billion bid for the London Stock Exchange", "HKEX plans to introduce Phase 2 of securities market's Closing Auction Session", "HKEX successfully launches second phase of Closing Auction Session for its securities market", "Move to boost HKEx stake was `not intervention", Hong Kong exchange trading disrupted as hackers target website, "HKEx chairman backs CEO Charles Li amid report on "princeling" hirings", Top guns take aim at new stock exchange regulation, Legislators urge delay on blackout extension, "HKEX announces interim chief as Charles Li hastens departure", Indonesia Commodity and Derivatives Exchange, Hong Kong Export Credit Insurance Corporation, Agriculture, Fisheries and Conservation Department, Hang Seng China-Affiliated Corporations Index, https://en.wikipedia.org/w/index.php?title=Hong_Kong_Exchanges_and_Clearing&oldid=1002045602#Securities_market, Financial services companies established in 2000, Securities clearing and depository institutions, All Wikipedia articles written in Hong Kong English, Articles containing traditional Chinese-language text, Articles with Chinese-language sources (zh), Creative Commons Attribution-ShareAlike License. HKSCC, HKCC and SEOCH provide integrated clearing, settlement, depository and nominee activities to their participants, while OTC Clear provides OTC interest rate derivatives and non-deliverable forwards clearing and settlement services to its members. You may also request for CCASS shareholding information in the past 7 years by submitting written request to psh@hkex.com.hk. Hong Kong Securities Clearing Company Limited (“HKSCC”) is a recognised clearing house under the Securities and Futures Ordinance. Analysts expect the government will continue to increase its stake, as HKEX is being prepared "for future integration and alliance with mainland exchanges". Regulated products are provided in Hong Kong by TD Ameritrade Hong Kong Ltd. and nothing in the published material is an offer or solicitation to conduct business in any other jurisdiction. Pressure to strengthen market regulation and to unify the four exchanges led to the incorporation of SEHK, the Stock Exchange of Hong Kong Limited in 1980. Find Ccass jobs in Hong Kong with JobsDB. Prior to the completion of the merger with HKFE in March 2000, the unified stock exchange had 570 participant organisations. 1.2.1 Oversight The HKMA is the government authority in Hong Kong responsible for maintaining monetary HKEX continues to hold 100 per cent of the voting ordinary shares of OTC Clear. Hong Kong HKEx Announces CCASS Service Enhancements. He said the purchase violated the government's stated principle of "big market, small government", adding that it increased uncertainty and sends a very negative signal to the market as a whole;[24] the Civic Party criticised the Government for damaging public confidence in the capital market, and interfering with the stock exchange's independence; a Wall Street Journal editorial said that the Hong Kong Government is further interfering in the market to "cozy up to China's tightly controlled domestic exchanges". In June 2012, HKEX announced its cash offer to acquire the London Metal Exchange (LME), the world's premier metal exchange since its founding in 1877, for GBP1.388 billion. The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong.It is the world's largest bourse in terms of market capitalization, surpassing Chicago-based CME.As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion.It is reported as the fastest growing stock exchange in Asia. It operates the central clearing and settlement system (“CCASS”) which provides CCASS services to participants of CCASS subject to its General Rules of CCASS and CCASS Operational Procedures in effect from time to time. Introduced in June 1992, CCASS was originally designed to serve primarily market intermediaries of the Hong Kong securities market, such as, brokers and custodians (CCASS Participants) who in turn act as mini-clearing houses for their clients. Note: CCASS participants are obliged to maintain an account at a designated bank and to authorise HKSCC to initiate electronic instructions to debit or credit this account. 16 Ccass jobs available in Chai Wan, Hong Kong Island on Indeed.com, updated hourly. Share settlement is on a continuous net settlement basis by electronic book entry to participants' stock accounts in CCASS. The stake would be held by the Exchange Fund as a "strategic asset". The derivatives market under HKEX trades a broad range of products, including equity index, stock and interest rate. Established in 1976, the Hong Kong Commodity Exchange (the predecessor of Hong Kong Futures Exchange Limited) is a derivatives leader in the Asia-Pacific region. To know more about different products & online banking services by Citi Hong Kong, click here. [20] Its 25 July 2002 proposal to cancel listings of companies trading below HK$0.50 for 30 straight days hit penny stocks hard. [22], In September 2007, the government revealed that it had increased its stake in HKEX from 4.41 percent to 5.88 percent. HKFE provides efficient and diversified markets for trading futures and options contracts by its more than 160 participant organisations, including many that are affiliated to international financial institutions. The securities eligible for the CAS include all constituents of the Hang Seng Composite LargeCap, MidCap and SmallCap indices, H shares which have corresponding A shares listed on a mainland exchange and all exchange traded funds. [6] However, the first formal market, the Association of Stockbrokers in Hong Kong, was not established until 1891. [27], In 2015, the Wall Street Journal reported that the CEO of the exchange, Charles Li, while he was chairman of JP Morgan China from 2003 to 2009, recommended hiring the children and associates of Chinese officials, clients and potential future clients. Shareholding information displayed represents the shareholdings of CCASS Participants as at the end of the specified date. Webb decried the conflict of interest between its role as operator and regulator, and called on the regulatory role to be passed to the SFC. HKEx has announced the introduction of further CCASS service enhancements relating to Shanghai-Hong Kong Stock Connect in two stages, subject to SFC approval. 2021-2022年度 中一自行分配學位申請 ; 暫停面授課堂安排 (02/12/2020) 各級恢復面授課堂安排 (16/09/2020) After settlement of the trade, Stock Connect shares are held by the brokers or custodians as clearing participants in the Hong Kong Central Clearing and Settlement System (“CCASS”), which is maintained Hong Kong and Thailand regulators sign MoU on Mutual Recognition of Funds 18 Jan 2021. Section 2 CCASS System Overview CCASS Terminal User Guide - 1For Participants 01/2020 2. Hong Kong Securities Clearing Company Limited was incorporated in 1989. It created CCASS, the central clearing and settlement system, which started operating in 1992 and became the central counterparty for all CCASS participants. HKEX provides market data through its data dissemination entity, HKEX Information Services Limited. CCASS SYSTEM OVERVIEW. Major securities products include equity securities, depositary receipts, debt securities, unit trusts/mutual funds (i.e. * (1) If you are a CCASS Investor Participant, only a Hong Kong Identity Card number (if you are an individual) or a Hong Kong business registration number (if you are a body corporate) will be accepted for this application, please see paragraph 2 under the section “How to make your application”. 0.002% of the consideration of each transaction per side payable under ChinaClear’s Shanghai-Hong Kong Stock Connect & Shenzhen-Hong Kong Stock Connect Rules 過戶費(中央結算收費) Transfer Fee (charged by CCASS) 成交金額的 0.002%，根據中央結算系統一般規則支付，作為香港結算提供滬股及深股 … Information will be provided in CD ROM or other formats and subject to a charge. Charles Li Xiao-jia to retire as CEO on 31 December 2020, and Calvin Tai Chi-kin will be appointed as interim CEO starting 1 January 2021. Court upholds jail sentence against former GEM-listed group finance manager for insider dealing. Method: CCASS - Hong Kong Securities Clearing Company Limited; Security: EQA (Equities) These combinations enable the associated field labels and validation rules specific to the Chinese market. CCASS System Overview. According to market sources, the Government spent HK$2.44 billion to buy 15.72 million shares in the company. Charges for Hong Kong Securities Trading (2011 年10 月19 日生效 Effective 19 October 2011) 費用及收費類別 Fee and Classification 比率/金額Rate/Amount (A) 證券交易服務 Securities Trading 經紀佣金 Commission Fee 交易金額的0.25%(每宗交易最低收費港幣100 元) OTC Clear is currently providing clearing and settlement services interest rate swaps and non-deliverable forward products. There have been continued enhancements made to the RMB RTGS with a view to strengthening Hong Kong's offshore RMB market. The voting ordinary shares of OTC Clear started offering OTC derivatives clearing services in November 2013 & online banking by. ], the Government spent HK $ 2.44 billion to buy 15.72 million shares the! 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