Only 15 years late(r), on 28-Apr-08, HKEx announced that to improve transparency, the CCASS holding data would now be available online. CCASS SYSTEM OVERVIEW. 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. 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]. 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. HKFE provides efficient and diversified markets for trading futures and options contracts by its more than 160 participant organisations, including many that are affiliated to international financial institutions. [22], In September 2007, the government revealed that it had increased its stake in HKEX from 4.41 percent to 5.88 percent. ETFs and REITs) and structured products. [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". The stake would be held by the Exchange Fund as a "strategic asset". 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. Subsequently, HKEX, under the founding member programme, invited 12 financial institutions as founding members of OTC Clear, who in total hold 25 per cent of issued share capital in OTC Clear (in the form of non-voting ordinary shares) whilst HKEX holds the remaining 75 per cent. CCASS System Overview. [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. 08 APR 2020 Coronavirus Read more. Information will be provided in CD ROM or other formats and subject to a charge. [20] Its 25 July 2002 proposal to cancel listings of companies trading below HK$0.50 for 30 straight days hit penny stocks hard. The Association was renamed the Hong Kong Stock Exchange in 1914. 2.1 INTRODUCTION: CCASS is a system to cater * (1) If you are a CCASS Investor Participant, only a Hong Kong Identity Card number (if you are an individual) or a Hong Kong business registration number (if you are a body corporate) will be accepted for this application, please see paragraph 2 under the section “How to make your application”. 10 Ccass jobs available in Hong Kong Island on Indeed.com, updated hourly. Hong Kong Securities Clearing Company Limited was incorporated in 1989. Section 2 CCASS System Overview CCASS Terminal User Guide - 1For Participants 01/2020 2. HKEX and its subsidiaries do not take any responsibility for such information, nor do they make any warranties, whether express or implied, as to the accuracy, adequacy, quality or fitness for any particular purpose or use of such information and all such warranties are expressly excluded to the fullest extent that such warranties may be excluded by law. 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. It created CCASS , the central clearing and settlement system, which started operating in 1992 and became the central counterparty for all CCASS participants. 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. 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. New speech by Ashley Alder: Special remarks at the Asian Financial Forum 2021. List of CCASS Participants (Intermediaries) >. HKEX provides market data through its data dissemination entity, HKEX Information Services Limited. 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. After settlement of the trade, Stock Connect shares are held by the brokers or custodians as clearing participants in the Hong Kong Central Clearing and Settlement System (“CCASS”), which is maintained [6] However, the first formal market, the Association of Stockbrokers in Hong Kong, was not established until 1891. However it postponed the rules' introduction by three months."[32]. When you use one of these combinations, the ALERT platform automatically populates the PSET field with the BIC of XHKCHKH. 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. [24], On 10 August 2011, the Hong Kong stock exchange was forced to halt trading in the afternoon for seven stocks, including itself and two other blue chip stocks - HSBC Holdings and Cathay Pacific, after its issuer disclosure website was hacked during the morning trading session. [18] Derivative products include index and stock futures and options, interest rate and fixed income products and gold futures. Information will be provided in CD ROM or other formats and subject to a charge. Webb-site is pleased to announce today's launch of new features in our extremely popular Webb-site CCASS Analysis System (WCAS) which tracks the movements of custody positions in the Central Clearing and Automated Settlement System (CCASS) run by Hong Kong Securities Clearing Co Ltd (HKSCC). Citi Hong Kong provides a range of banking products for business and personal needs, which includes credit cards, loans, investments, wealth management & insurance. 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. Court upholds jail sentence against former GEM-listed group finance manager for insider dealing. To start searching, please select a Shareholding Date and enter a Stock Code or Stock Name. You may also request for CCASS shareholding information in the past 7 years by submitting written request to psh@hkex.com.hk. Shareholding information displayed represents the shareholdings of CCASS Participants as at the end of the specified date. Regulated products are provided in Hong Kong by TD Ameritrade Hong Kong Ltd. and nothing in the published material is an offer or solicitation to conduct business in any other jurisdiction. 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. This page was last edited on 22 January 2021, at 15:54. [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". 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 clearing operation is based on the immobilisation of share certificates in a central depository. Free real-time detailed quote entitlement will be based on your Banking Plans with Standard Chartered Bank (Hong Kong) Limited (the “ Bank ”). Hong Kong and overseas investors may trade Stock Connect shares through their brokers. 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. To know more about different products & online banking services by Citi Hong Kong, click here. 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. 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. Find Ccass jobs in Hong Kong with JobsDB. Another analyst was concerned about the independence of "independent chairman" Ronald Arculli, who also sits on the Executive Council. 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 HSBC Hong Kong offers a range of bank accounts with 24/7 online banking services for investments, insurance, credit cards, loans, mortgages and savings. 1.2.1 Oversight The HKMA is the government authority in Hong Kong responsible for maintaining monetary Hong Kong Securities Clearing Company Limited was incorporated in 1989. We will help you search and apply for your Ccass job and career opportunities. 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". 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: HKEX reserves the right to modify or discontinue, temporarily or permanently, the CCASS shareholding search facility and any information made available thereunder at any time with or without notice. The two exchanges merged to form the Hong Kong Stock Exchange in 1947 and re-establish the stock market after the Second World War. [26], The government said that it wanted to play a positive role in the stock exchange's development as a shareholder. Analysts expect the government will continue to increase its stake, as HKEX is being prepared "for future integration and alliance with mainland exchanges". C00010: 10 digits (numeric) Crédit Agricole Indosuez (Calyon) C00062: 11 digits (numeric) DBS Bank (Hong Kong) Ltd: C00015 The four exchanges ceased business on 27 March 1986 and the new exchange commenced trading through a computer-assisted system on 2 April 1986. 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. According to market sources, the Government spent HK$2.44 billion to buy 15.72 million shares in the company. The HKMA plays an active role in the development of financial infrastructure in Hong Kong with a view to maintaining Hong Kong as an international financial centre and developing Hong Kong into a settlement hub in the Asian region. The shareholding information of CCASS Participants and other information made available under this CCASS shareholding search facility is provided for your information only. 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