Representatives from Hong Kong and Mainland regulators provide updates on the mainland corporate and regulatory changes and developments
HONG KONG, Jan. 12, 2012 /PRNewswire-Asia/ -- The Hong Kong Institute of Chartered Secretaries (Institute) hosted its China Corporate and Regulatory Update (CCRU) conference on 11 January 2012. Representatives from China Securities Regulatory Commission, Shanghai Stock Exchange and Shenzhen Stock Exchange joined speakers from Hong Kong Exchanges and Clearing Limited (HKEx) to give latest updates on merger and acquisitions policies and regulations in Mainland China. Governance trends and practices of listed issuers in both places were also addressed at the conference.
CCRU has been one of the most important annual events of the Institute for both Hong Kong and Mainland governance professionals to obtain first hand information on the latest developments, changes and trends in related laws and practices in Hong Kong and Mainland China.
"The Chinese government pointed out in the National Financial Work Conference 2012 that China should strengthen its awareness of risks and responsibilities in order to push China's financial capabilities to new levels. Supervision of the financial sector to prevent systemic risks should be reinforced and equity market regulation should be enhanced to promote good governance and better protect investors' legal rights and interests. China will open its securities market further and the regulators will explore ways to advance reform. CCRU looks ahead and points to on-going changes and challenges facing governance professionals from both Hong Kong and Mainland China," said Ms Edith Shih, President of HKICS. "It provides an excellent platform for Hong Kong and Mainland regulators, and market practitioners to exchange information and ideas directly. Such first-hand information is very useful to all governance professionals and the business community."
"We are delighted to once again, receive overwhelming support from the regulators from both Hong Kong and Mainland China. I would like to take this opportunity to thank the representatives who spoke at CCRU and shared their expertise with the attendees," Ms Shih continued.
About The Hong Kong Institute of Chartered Secretaries
More than meets the eye.
The Hong Kong Institute of Chartered Secretaries (HKICS) is an independent professional body dedicated to the promotion of its members' role in the formulation and effective implementation of good governance policies in Hong Kong and throughout China as well as the development of the profession of Chartered Secretary.
HKICS was first established in 1949 as an association of Hong Kong members of the Institute of Chartered Secretaries and Administrators (ICSA) of London. It became a branch of ICSA in 1990 before gaining local status in 1994.
HKICS is a founder member of Corporate Secretaries International Association (CSIA) which was established in March 2010 to give a global voice to corporate secretaries and governance professionals.
HKICS today has more than 5,400 members and 3,000 students. For more information, please visit www.hkics.org.hk.
For press enquiries, please contact:
Ms Gloria Fung
Tel: +852-2881-6177
Fax: +852-2881-5050
Email: gloria@hkics.org.hk
