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Rebirth capital madman - Chapter 1123

Published at 20th of December 2022 05:31:49 AM


Chapter 1123

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While Gao Xian focused on the passage of the Hong Kong Securities and Futures Commission Ordinance, and established a solid foundation for the Hong Kong Securities and Futures Commission's legal system, other aspects of work were also advancing simultaneously, which reflects the With the patient Sir Gao, he made a plan to let the bullets fly for a while before moving forward. Once the shot is officially launched, they will go hand in hand. To use a computer technology philosophy as an analogy, the hardware has multiple processors and multiple cores, and the software has multiple processes and multiple threads.

Generally speaking, in addition to the main force of Gao Xian, there are two other groups of people, one is the uncle of the congressman Yi Huirong, Mrs. Gao's wife, and the chairman of the board of directors of Hengsheng Bank, Yi Weiguo; One of the leaders, Ma Shiheng, CEO of Heung Kong Futures Exchange.

Just like the "Hong Kong Securities and Futures Commission Ordinance" for the Hong Kong Securities Regulatory Commission, and the Hong Kong Stock Exchange also correspond to a document that guides the operation, that is, the "Listed Securities Rules", which must adapt to the new market environment, Revised according to the regulatory opinions of the Hong Kong Securities Regulatory Commission.

In fact, how to revise, Gao Xian has already finalized the draft, because this is to affect the vested interests of the Hong Kong Stock Exchange, and expecting the Hong Kong Stock Exchange to revise by itself, the efficiency of pulling a whip and moving a step is all optimistic. , so it's better to work harder on your own and prepare for the revision plan in advance.

Obviously, the content of the "Listed Securities Rules" is more specific, and it is directly related to the securities market participants such as listed companies, securities companies, investment banks, etc., whether it is a face project or a real job need, communication with the industry is an indispensable one. This is where Yi Weiguo's current work direction lies.

The board of directors of the Heungkong Stock Exchange has not been re-elected, so the Heungkong Securities Industry Review Committee left by the old ghost will be used for waste. comminicate.

The contents of the "Listed Securities Rules" are also complicated, so just pick a few and briefly touch on them.

For example, in order to prevent listed companies from harming the interests of investors, the revised provisions of the "Listed Securities Rules" allow listed companies to repurchase their own shares according to the market price, and at the same time give specific restrictions, that is, the amount of each repurchase The number of shares shall not exceed 25% of the trading volume of the shares on the Hong Kong Stock Exchange in the month before the repurchase operation; and the number of shares repurchased throughout the year shall not exceed 100% of the issued share capital of the company. ten out of ten.

In addition to such well-established clauses that compete with capital greed and chaos, there are also some relatively purely technical adjustments, such as settlement dates.

It will be easier to understand by first mentioning the T+0 system implemented by the Hong Kong stock market.

This commonly referred to as T+0 refers to the stock trading process. The purchased stocks can be sold on the same day, and the number of times is unlimited. The decision-making power of investors is reserved for themselves.

There is also a settlement link after the stock trading link. For example, the settlement date of the Hang Seng Index futures of the Hong Kong Futures Exchange is on a certain trading day at the end of the month, and the settlement date of the Hong Kong Stock Exchange is on the Black Monday global stock market crash last year. Before the outbreak, it was T+1, that is, after the transaction, Ma Shiheng's nose was twisted with anger. Are you too smart, or are you blinded by lard? Sir Gao is working hard at the legislative level. This is not for Is he blocking! Shit's own people...





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