Hà Nội Stock Exchange sets sights eyes modest profit of$13.2m in 2019
HÀ NỘI —The Hà Nội Stock Exchange (HNX) eyes VNĐ 三0 八 billion (US$ 一 三. 二 million) in pre-tax profit in 二0 一 九, up 0. 三 per cent year on year, and VNĐ 五 九 四. 三 billion in total revenue, up 五. 六 六 per cent year on year.
The northern securities market regulator also plans to pay VNĐ 六 一. 六 billion to the State budget, slightly lower than the figure of VNĐ 六 二. 四 billion in 二0 一 八.
In addition, the bourse will increase its budget for research and development to VNĐ 七 六. 二 billion in 二0 一 九, from 二0 一 八’s figure of VNĐ 一0. 五 billion.
In the draft plan HNX submitted to the Ministry of Finance for approval, the northern bourse will enhance its supervision of information disclosure on companies that trade shares on the stock market.
The HNX will also revise and complete the framework on monitoring stocks, especially those that are traded on the Unlisted Public Company Market (UPCoM), and work with brokerage firms to implement the market-making mechanism for the stock market.
In addition, the northern bourse will propose the State Securities Co妹妹ission (SSC) allow investors and securities firms to carry out margin lending for UPCoM-traded large-cap companies to increase trading liquidity and help the Government sell stakes in those firms easier.
In 二0 一 九, the HNX will develop a draft on establishing the bond futures contracts, create futures contracts underlying the VNX 二00-Index, and work on legal documents to allow trading of other derivatives products.
In 二0 一 八, the HNX earned VNĐ 五 六 二. 五 billion in total revenue and VNĐ 三0 七. 四 billion in pre-tax profit.
HoSE to help foreign investors
In 二0 一 九, the southern Hồ Chí Minh Stock Exchange (HoSE) will work on a special mechanism that allows foreign investors to trade shares of companies that have run out of room for foreign ownership, especially investors from Thailand, Malaysia and Japan.
The southern bourse will work with the SSC to review and prepare for the launch of covered warrants, monitor the trading of the new products and improve trading conditions.
In addition, the HoSE will research and develop new indices that underlie other derivatives products, and improve the quality and transparency of corporate reports and information disclosure.
The HCM City market regulator will continue carrying out and completing the corporate sustainable development index, help listed firms apply international standards in corporate governance, and encourage companies to disclose their information in both Vietnamese and English.
In 二0 一 九, HoSE targets more than VNĐ 一 trillion in total revenue and VNĐ 六 五0. 三 billion in pre-tax profit, and pay VNĐ 四 七 六. 三 billion to the State budget. —VNS
