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. Transactions between CCASS participants are settled on T+2, the second trading day following the transaction. Hong Kong and overseas investors may trade Stock Connect shares through their brokers. The Listing Rule amendments were due to become effective on 1 January 2009. 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. HKEX is also the majority owner of the Qianhai Mercantile Exchange, a commodities trading platform in Mainland China which has yet to officially begin operations. CCASS is a computerized book-entry clearing and settlement system for transactions in securities listed on the Stock Exchange of Hong Kong. The clearing operation is based on the immobilisation of share certificates in a central depository. According to market sources, the Government spent HK$2.44 billion to buy 15.72 million shares in the company. Information will be provided in CD ROM or other formats and subject to a charge. You may also request for CCASS shareholding information in the past 7 years by submitting written request to psh@hkex.com.hk. 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. Hong Kong Securities Clearing Company Limited was incorporated in 1989. [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". Computers were integrated on 2 April 1986, which has helped modernise the system. Major securities products include equity securities, depositary receipts, debt securities, unit trusts/mutual funds (i.e. 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 … [26], The government said that it wanted to play a positive role in the stock exchange's development as a shareholder. [10], In September 2019 Hong Kong Exchanges and Clearing made a proposal to the London Stock Exchange to merge the two companies in a cash and share deal worth £29.6 billion, or £31.6 billion ($39 billion) including debt. 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". 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. › Use our letterbox (located at 17M Floor Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong) Learn more Latest news and insights. Hong Kong Securities Clearing Company Limited (“HKSCC”) is a recognised clearing house under the Securities and Futures Ordinance. [14], HKEX implemented a Closing Auction Session (CAS) in two phases[15] on 25 July 2016 and 24 July 2017. Section 2 CCASS System Overview CCASS Terminal User Guide - 1For Participants 01/2020 2. HSBC Hong Kong offers a range of bank accounts with 24/7 online banking services for investments, insurance, credit cards, loans, mortgages and savings. The main products traded on the commodity exchange were cotton futures, sugar futures, soybean futures and gold futures. 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. The company also offers nominee service. 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. 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. [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. 12 FEB 2020 1H20 Financial Results Read More. [13] Systems as such were added to meet the increased popularity of online stock trading. Another analyst was concerned about the independence of "independent chairman" Ronald Arculli, who also sits on the Executive Council. To start searching, please select a Shareholding Date and enter a Stock Code or Stock Name. HKEx has announced the introduction of further CCASS service enhancements relating to Shanghai-Hong Kong Stock Connect in two stages, subject to SFC approval. OTC Clearing Hong Kong Limited (OTC Clear) was incorporated as a subsidiary of HKEX in May 2012 for the purpose of acting as the clearing house for OTC derivatives in Hong Kong. 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 OTC Clear created OCASS, the OTC Clearing and Settlement System, for OTC Derivatives clearing and became the central counterparty for all clearing members. Looking for online definition of CCASS or what CCASS stands for? If the deal had gone through, the combined exchange would have been the world's third largest after the New York Stock Exchange and NASDAQ in terms of the total value of the companies on the exchanges.[11]. 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. 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). [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. Free real-time detailed quote entitlement will be based on your Banking Plans with Standard Chartered Bank (Hong Kong) Limited (the “ Bank ”). 2.1 INTRODUCTION: CCASS is a system to cater 12 MAR 2020 Market suspensions 12 March Read More. 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: With a total market capitalisation of over HK$47.52[2] trillion as of the end of December 2020, HKEX is now the world's largest exchange[3] by market capitalisation of listed companies. 1.2.1 Oversight The HKMA is the government authority in Hong Kong responsible for maintaining monetary Analysts expect the government will continue to increase its stake, as HKEX is being prepared "for future integration and alliance with mainland exchanges". 15 NOV 2019 Subscribe to a White Form eIPO This page was last edited on 22 January 2021, at 15:54. 11 Jan 2021. 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. 16 Ccass jobs available in Chai Wan, Hong Kong Island on Indeed.com, updated hourly. 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. HKEX has been the world's top listing venue in terms of IPO funds raised in seven of the past 11 years[5]. [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". One of our aims in doing so is to increase the transparency and scrutiny of probable … It also includes some regulated short-selling orders.[16]. You agree to bear all risks from any use of or results of using any of the information and acknowledge that the way you use or interpret such information is dependent upon the exercise of your own skill and judgment. [19], In April 2002, HKEX launched a study to consider the delisting of "penny stocks" to improve market efficiency. Remarks. Court upholds jail sentence against former GEM-listed group finance manager for insider dealing. The four exchanges ceased business on 27 March 1986 and the new exchange commenced trading through a computer-assisted system on 2 April 1986. Nothing herein shall constitute or be considered to be a limitation upon or a waiver of the privileges and immunities of HKEX and its subsidiaries, which are specifically reserved. Only 15 years late(r), on 28-Apr-08, HKEx announced that to improve transparency, the CCASS holding data would now be available online. We will help you search and apply for your Ccass job and career opportunities. C00010: 10 digits (numeric) Crédit Agricole Indosuez (Calyon) C00062: 11 digits (numeric) DBS Bank (Hong Kong) Ltd: C00015 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. It created CCASS, the central clearing and settlement system, which started operating in 1992 and became the central counterparty for all CCASS participants. 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. However it postponed the rules' introduction by three months."[32]. 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) Hong Kong and Thailand regulators sign MoU on Mutual Recognition of Funds 18 Jan 2021. It created CCASS , the central clearing and settlement system, which started operating in 1992 and became the central counterparty for all CCASS participants. You may also request for CCASS shareholding information in the past 7 years by submitting written request to psh@hkex.com.hk. 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) The derivatives market under HKEX trades a broad range of products, including equity index, stock and interest rate. Information will be provided in CD ROM or other formats and subject to a charge. 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. Either way has its own features which investors should be aware of. [22], In September 2007, the government revealed that it had increased its stake in HKEX from 4.41 percent to 5.88 percent. Shareholding information displayed represents the shareholdings of CCASS Participants as at the end of the specified date. List of CCASS Participants (Intermediaries) >. [18] Derivative products include index and stock futures and options, interest rate and fixed income products and gold futures. HKFE launched on 6 May 1986 its flagship product, the HSI Futures, which is still its most popular futures product in HKEX’s derivatives markets today. 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. Reports of securities trading in Hong Kong date back to the mid-19th century. The Association was renamed the Hong Kong Stock Exchange in 1914. OTC Clear started offering OTC derivatives clearing services in November 2013. 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. [6] However, the first formal market, the Association of Stockbrokers in Hong Kong, was not established until 1891. Seventeen companies' shares lost more than 30 per cent of their value, and about HK$6 billion in market capitalisation was wiped off 105 listed companies. 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. [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. 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. The shareholding information of CCASS Participants and other information made available under this CCASS shareholding search facility is provided for your information only. OTC Clear is currently providing clearing and settlement services interest rate swaps and non-deliverable forward products. Hong Kong HKEx Announces CCASS Service Enhancements. [30], In mid-December, legislators representing the functional constituencies, led by Abraham Razack, Chim Pui Chung and David Li, demanded that regulators postponed the execution of a prolonged blackout proposal. [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". The stake would be held by the Exchange Fund as a "strategic asset". HKEX continues to hold 100 per cent of the voting ordinary shares of OTC Clear. 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