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Category Archives: JLN Subgroups

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Asia Pacific Financial News from John Lothian News – August 2, 2017 Standard

Lead Stories Hong Kong Exchange plans blockchain-based share market Finextra The Hong Kong Stock Exchange is planning to launch a new private market to provide early stage companies with a blockchain-based share registration and transfer platform for the conduct of pre-IPO financing off-exchange and clear of the regulatory remit of the Securities and Futures Ordinance. https://goo.gl/yJnck2 India’s Real Interest Rates Compared With Other Asia Economies By Arijit Ghosh – Bloomberg The RBI cut the repo rate today, as forecast by most economists in the Bloomberg survey. This is where India’s real interest rates now stand, compared with other central banks…

Asia Pacific News from John Lothian News – August 1, 2017 Standard

Lead Stories How to fix Hong Kong’s markets Chris Wright -Euromoney Everyone has a complaint about how Hong Kong’s markets are run, whether it is cornerstones, regulation, secret orders, or simply poor performance. How does HKEx get the environment right when everyone has a different idea of what is wrong? https://goo.gl/dmP8mS How China’s biggest bank became ensnared in a sprawling money laundering probe By ANGUS BERWICK and DAVID LAGUE – Reuters Part 1: When Chinese residents of Spain needed to get piles of illicit cash back home, police allege, they found an accomplice in the Industrial and Commercial Bank of…

Asia Pacific Financial News from John Lothian News – July 31, 2017 Standard

Lead Stories Today we share with you the remembrances of several industry colleagues of the late Magnus Böcker on his life and the impact it had on them and our markets. We hear from Craig Donohue of OCC, Sutat Chew and Michael Syn of SGX, Adena Friedman of Nasdaq, Walt Lukken of the FIA, Nandini Sukumar of WFE, Phupinder Gill (formerly of CME Group), Nils-Robert Persson of Cinnober and Terry Duffy of the CME Group.~JJL Waldorf Owner Pressured to Sell as China Clampdown Escalates Bloomberg News China’s government said to ask Anbang to sell overseas assets; Insurer’s Waldorf purchase symbolized…

Financial Markets Leaders Remember the late Magnus Bocker Standard

I asked several leaders around the exchange world to offer remembrances of Magnus Bocker, the late former CEO of SGX. To start, I shall offer my own and add additional remembrances as they come in. I first met Magnus Bocker at a Deutsche Bank investment banking financial technology conference in New York where I had been asked to moderate an exchange leader panel. Magnus was then president of Nasdaq OMX. Also on the panel was Larry Leibowitz representing NYSE Euronext. Magnus was always gracious with me. He was likable, always smiling, whip-smart and well-dressed. In fact one year at the…

Asia Pacific Financial News from John Lothian News – July 27, 2017 Standard

Lead Stories The Liberty Times Editorial: Purges could spark financial crisis Taipei News The apparent mass exodus of business tycoons from China and Hong Kong that we have been seeing of late —Dalian Wanda Group chairman Wang Jianlin (王健林) taking his investment overseas, just as Hong Kong billionaire Li Ka-shing (李嘉誠) has been shifting his focus to Europe — have led to both men coming under considerable criticism online. https://goo.gl/1kCtPk Who should lead China’s new agency to fend off financial crises? Wendy Wu, Jane Cai – South China Morning Post China’s premier or a vice-premier should head a new government…

Asia Pacific News from John Lothian News – July 26, 2017 Standard

Lead Stories US state hopes to gain in rice market By May Zhou and Zhang Yuan in Little Rock, Arkansas | China Daily China’s recent announcement that it would open its market to US rice exports made the governor of Arkansas happy. https://goo.gl/Svodr1 China to turn all centrally owned giants into joint-stock firms by 2017 Reuters via CNBC China will turn all big companies owned by the central government into limited liability firms or joint-stock firms by the end of 2017, as Beijing looks to make its state-owned giants more nimble as part of broader reforms of the capital markets….

Asian Financial News from John Lothian News – July 25, 2017 Standard

Lead Stories HNA unveils New York-based charity as controlling shareholder; Acquisitive Chinese investor’s surprise revelation as lenders turn off taps JOYCE HO, Nikkei Acquisitive Chinese outbound investor HNA Group has openly disclosed its shareholding structure for the first time amid rising concerns that Beijing’s deleveraging campaign might choke lending to the company which has largely fueled its expansion through debts and collateralization. https://goo.gl/M6Feue Column: Time to OK Chinese investors’ controversial Chicago Stock Exchange deal Robert Reed – Chicago Tribune The time has come for federal regulators to approve a small but highly controversial local business deal — the purchase of…

How the Cloud is Disrupting Post-Trade Standard

Sernova Financial, a cloud-based post trade utility, is just starting its second year and Calypso Technologies has just taken a minority stake in the company.  Sernova and Calypso already had a partnership offering cloud-based clearing services. The founders of Sernova came from the clearing divisions of top tier banks, where they found the business wasn’t necessarily cost efficient or revenue-generating. So they decided to take post trade services out of the bank and put it in the cloud as a utility. Jaki Walsh, chief product officer at Sernova, spoke with John Lothian News at the IDX Conference in London this…

Asia-Pacific News from John Lothian News – July 24, 2017 Standard

Courtesy of Wikipedia

Lead Stories Welcome to Xi’s Net: Where Politics, Porn and Pooh Are Forbidden Bloomberg News For anyone still wondering about China’s ability, or willingness, to control its people’s access to the internet, the past few weeks have provided some clarity. https://goo.gl/QzkVA3 Former rising star in Beijing faces corruption probe; Sun Zhengcai was tipped as a possible successor to President Xi Jinping Tom Hancock in Shanghai – FT A top Chinese politician tipped as a potential successor to President Xi Jinping is being investigated for graft, Beijing announced on Monday — eliminating him from the contest just months ahead of a…