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Real-time News
On July 10, in accordance with the regular meeting mechanism established between the principal leaders of the enforcement departments of the China Securities Regulatory Commission (CSRC) and the Hong Kong Securities and Futures Commission (SFC), the two CSRCs held their 17th cross-border enforcement cooperation working meeting. Principal leaders from both sides enforcement departments attended the meeting. During the meeting, both sides briefed each other on the recent enforcement work in their respective capital markets, trends in illegal and irregular activities, and case handling. They summarized the achievements of cross-border enforcement cooperation, communicated the progress of major cases of mutual concern, discussed issues such as combating new types of cross-border illegal and irregular activities and strengthening intelligence sharing, and explored further cooperation within the existing framework to continuously enhance the effectiveness of cross-border enforcement collaboration and effectively improve the effectiveness and deterrent power of regulatory enforcement. Going forward, the CSRC will continue to thoroughly implement the spirit of the Central Economic Work Conference, the National Financial System Work Conference, and the new "Nine Articles" deployment, and in accordance with the work requirements of preventing risks, strengthening supervision, and promoting high-quality development, will work with the Hong Kong SFC to continuously improve the cross-border enforcement cooperation mechanism, strictly crack down on all kinds of cross-border illegal and irregular activities in accordance with the law, and jointly safeguard the stable and healthy development of the capital markets in both places.Market news: British Prime Minister Starmer will travel to Paris on Monday to attend a meeting of the Volunteer Union.Sources familiar with the matter say that The Sound is moving forward with preparations for its Hong Kong IPO, and the company is considering raising billions of dollars through the initial public offering. The Sound and its advisors could launch the IPO as early as the coming months.July 10th - Swissquote Bank senior analyst Ipek Ozkardeskaya stated that the market anticipates a very strong debut for SK Hynix in the US. This optimism propelled the Korea Composite Stock Price Index (KOSPI) up 5% during trading hours after the companys ADRs were priced at $149 per share, marking the largest single-day listing of a foreign company on the US stock market. For the technology sector, "since 2023, AI enablers have largely driven strong earnings growth, as massive AI spending—especially from large tech companies—has flowed directly into the pockets of semiconductor companies." Given SK Hynixs significant share price increase in South Korea over the past year, its performance on Nasdaq will indicate how much additional value the company can extract from the US market.According to the Oman News Agency, the official price of Omani crude oil was set at $69.29 per barrel today, with a delivery date in September.
