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| Thursday, 9 July 2015, 08:02 HKT/SGT | |
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| Contributing to Cross-Market Industrial and Financial Prosperity |
HONG KONG, July 9, 2015 - (ACN Newswire) - In a time when the size of capital market is gradually expanding, enterprises and financial industry in Hong Kong and Mainland have generally kept steady growth, the Shanghai-Hong Kong Stock Connect has been launched and the Shenzhen-Hong Kong Stock Connect is soon to be launched, more than 30 listed companies including China Taiping Insurance, China Shenhua, CNPC, China Everbright Limited, Haitong International Holdings Limited, China Resources Enterprise Limited, Guotai Junan International Holdings Limited, Shanghai Industrial Investment (Holdings) and Wonderful Sky Financial Group, together with financial institutions, initiated the Listed Companies Council of The Hong Kong Chinese Enterprises Association, aiming at enhancing the connection and networking among listed companies, related financial institutions and cross-border regulatory authorities, and developing cooperative opportunities for each party. The Council strives to become a bridge linking various sectors in the financial fields of Hong Kong. The Listed Companies Council of The Hong Kong Chinese Enterprises Association (the "Listed Companies Council"), a professional organization under The Hong Kong Chinese Enterprises Association ("HKCEA"), held its opening ceremony at Exchange Exhibition Hall on 8 July 2015. Chief Executive The Honorable Mr. Leung Chun Ying, Chief Executive of HKSAR, Mr. Chou Chung Kong, Chairman of HKEX, Ms. Jin Ping, Vice Minister of the Economic Affairs Department of Liaison Office of the Central People's Government in the Hong Kong S.A.R vice-minister Jin Ping, other listed companies and financial institutions attended the inaugural ceremony.
 | | HKSAR and HKEX Leaders Bless the New Listed Companies Council Of HKCEA |
Mr. Liu Tianni, Vice Chairman of HKCEA-LCC and Chairman of Wonderful Sky Financial Group, stated, "The LCC aspires to offer an online-offline platform for listcos in Greater China for resource integration, knowledge sharing and explorations of new partnerships. As beneficiaries of the great economic and financial reform of China, our listco members are also committed to upholding the stability and prosperity of Hong Kong market."
Wang Bin ,Chairman of the Listed Companies Council, HKCEA stated, "After its establishment, the members of the Listed Companies Council will bring about a strong network of resources which includes establishment of platform for online-offline interaction, companies' overseas mergers and acquisitions, equity and debt financing, corporate governance, domestic and overseas market communications, providing comprehensive support through cross-market crisis management; gives domestic and foreign financing to outstanding enterprises and act as an intermediary to pull strings for potential projects. In addition, provide financial advisory services including investment and financing, as well as M&A and corporate restructuring for its members; encourage listed companies to assume their corresponding social responsibilities to create a favorable environment of public opinion; actively take part in amending Hong Kong Exchange's listing rules on behalf of its members, protect members' rights and interests, and jointly create financial and industrial prosperity in the Greater China Region."
Mr. Chow Chung Kong, Chairman of HKEX said, "The Shanghai-Hong Kong Stock Connect was launched on 17th November last year, it did not only give a great opportunity for overseas investors to invest in the China stock market, but also create a channel for Chinese investors to invest in the Hong Kong stock market. The Shanghai-Hong Kong Stock Connect is an innovative scheme that depends on the Shanghai and Hong Kong stocks markets while maintaining strong risk management standards. We hope to open up more markets in the near future under this scheme, together we build a harmonized market."
The Honorable Mr. Leung Chun Ying, Chief Executive of SAR remarked that the HKCEA has always built positive and healthy interactions between China and Hong Kong. HKCEA shall make good use of its experiences in Hong Kong and China and continue to make contribution to solidifying the economies of both markets.
As at the end of 2014, there were 1,752 companies listed in Hong Kong with the total equity funds raised amounting to US$29.3 billion, ranking the first in Asia and the second in the world. Of these, 876 were Mainland enterprises, constituting 60% by market capitalization and 71% by annual equity turnover value.
The Listed Companies Council of The Hong Kong Chinese Enterprises Association (the "Listed Companies Council") is a professional organization under The Hong Kong Chinese Enterprises Association ("HKCEA"). Committed to enhancing the connection and networking among listed companies, related financial institutions and cross-border regulatory authorities, the Listed Companies Council strives to develop cooperative opportunities for each party, and to become a bridge linking different sectors in the financial fields of Hong Kong. The Council will comply with the demands from the ever-changing capital market, safeguard the common interests of listed companies and related institutions, make the best of intensive intelligence and huge resources that gathered, so as to make contribution to solidifying Hong Kong's leading role as a global financial centre.
The Council's responsibilities include encouraging communication among international, Hong Kong and Mainland listed companies; providing financial advisory services such as investment and financing, M&A and corporate restructuring; conducting trainings and seminars in financial, business and management fields; delivering different countries or regions' information about financial development for its members; encouraging listed companies to assume their corresponding social responsibilities to create a favorable environment of public opinion; actively taking part in amending Hong Kong Exchange's listing rules on behalf of its members, protecting members' rights and interests, and jointly creating financial and industrial prosperity in the Greater China Region.
Photo Caption
(Left to Right)
1. Ju Mengjun, President for Asia Pacific, Xinhua News Agency
2. Jin Ping, Vice Minister, Economic Affairs Department of Liaison Office of the Central People's Government in the Hong Kong S.A.R
3. Zhang Xuewu, Honorary Chairman of HKCEA and Member of The CPPCC National Committee Zhang Xuewu
4. The Honorable Mr. Leung Chun Ying, Chief Executive of the HKSAR
5. Feng Hongzhang, Vice-chairman and President of HKCEA
6. Chow Chung-kong, Chairman of Hong Kong Exchange and Clearing Corporation
7. Liu Tianni, Vice-chairman/Chief Secretary of HKCEA-LCC, Chairman of Wonderful Sky Financial Group
Topic: Press release summary
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
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