According to a Form S-3 registration statement filed with the Securities Exchange Commission (SEC), MicroStrategy has filed a hybrid securities registration application with the potential proceeds intended to be used to purchase additional bitcoin and for general corporate purposes.
Recently, the China Securities Supervision Commission issued the "Action Plan for Promoting the High-Quality Development of Indexed Investment in Capital Markets". The main goal of the "Action Plan" is to promote the scale and proportion of indexed investment in capital markets to increase significantly, and to accelerate the construction of a new development pattern in which active investment and passive investment in the public fund industry develop synergistically and promote each other; stre...
On January 26th, the China Securities Supervision Commission issued the "Action Plan for Promoting the High-Quality Development of Indexed Investment in Capital Markets". The "Action Plan" proposes to continue to enrich the index fund product system. Actively develop stock ETFs. Fully improve and strengthen core broad-based stock ETFs, build a phalanx of industry flagship ETF products, and support the registration and issuance of wide-based stock ETFs with high coverage, strong representation an...
On January 26th, the China Securities Supervision Commission issued the "Action Plan for Promoting the High-Quality Development of Indexed Investment in Capital Markets". It proposes to reduce the investment cost of index funds. Continue to waive the annual listing fee for ETFs, promote the reduction or reduction of ETF market making, registration and settlement, index use and other fees, and continue to reduce the operating costs of index funds. Guide industry institutions to reduce the managem...
On January 26th, the China Securities Supervision Commission issued the "Action Plan for Promoting the High-quality Development of Indexed Investment in capital markets". The "Action Plan" proposes to steadily promote the two-way opening up of indexed investment. Coordinate openness and security, steadily expand the institutional opening of index products, and improve the ETF interconnection mechanism. Steadily expand the scope of ETFs to be included in the Shanghai, Shenzhen and Hong Kong Stock...
On January 26th, it was learned from the industry that recently, the Shanghai Stock Exchange informed the industry about Guotai Junan's share swap absorption and merger of Haitong Securities involving margin financing and short selling business. The Shanghai Stock Exchange stated that for the securities in transit generated during the share swap period that have not yet arrived in the account, when calculating the proportion of customers maintaining guarantees, the brokerage shall calculate its ...
According to the official website of the United Arab Emirates Securities and Commodities Authority (SCA), the SCA has released the draft regulation of securities and commodity tokens and invited the public to provide feedback by February 14, 2025. According to the draft, security tokens include equity tokens, bond tokens, Islamic bond tokens, and commodity tokens include gold tokens, oil tokens, etc. These tokens are all built on the blockchain/DLT platform and can be traded on the virtual asset...
The turnover of the Shanghai and Shenzhen stock exchanges exceeded 1 trillion yuan for the 9th consecutive trading day.
On January 24, CITIC Securities Research Report pointed out that on January 23, 2025, the Securities Supervision Commission and other five departments jointly held a press conference to introduce the situation of vigorously promoting the entry of medium and long-term funds into the market and promoting the high-quality development of capital markets. CITIC Securities believes that the logic of promoting the entry of medium and long-term funds into the market includes increasing the proportion of...
According to the official website, the Securities Exchange Commission (SEC) has officially revoked the crypto accounting policy SAB 121.
Earlier this week, Securities Exchange Commission Commissioner Hester Peirce was appointed to lead the agency's newly announced cryptocurrency task force. However, investment bank TD Cowen said her term will end in June, raising concerns about the progress of the cryptocurrency task force. Securities and Exchange Commission commissioners can serve an additional 18 months after their term expires. A report from TD Cowen's Washington research group (led by Jaret Seiberg) on Thursday...
On January 23rd, the reporter learned exclusively from the industry on January 23rd that in order to do a good job in the trading operation after the Spring Festival holiday, the Shanghai Stock Exchange and the Shenzhen Stock Exchange plan to organize a system connectivity test after the Spring Festival holiday on February 4th to check the readiness of the technical system after the long holiday. The Shanghai and Shenzhen Stock Exchanges also stated that all the data or test-related documents on...
QCP Capital posted an analysis saying that even though the Securities Exchange Commission announced the formation of a cryptocurrency regulatory working group, the market continued to decline, with BTC falling below $106,000 and currently hovering around $102,000. XRP and SOL rose 3.4% and 4.1%, respectively, after screenshots of XRP and SOL futures were provided on the Chicago Mercantile Exchange (CME) webpage. Although the CME later clarified that the leaked webpage was a mistake, it has not y...
The turnover of the Shanghai and Shenzhen stock exchanges exceeded 1 trillion yuan for the 8th consecutive trading day.
Better Markets, a nonprofit, has filed an amicus curiae brief in support of the Securities Exchange Commission's (SEC) appeal against Ripple Labs. The brief asks the 2nd Circuit Court of Appeals to overturn a 2023 district court ruling that held that Ripple Labs' sales of XRP to retail investors were not governed by U.S. securities laws. The nonprofit organization argued in its complaint that the court had mistakenly applied the Howey Test, undermining the integrity of investor protection.