The WFE's Annual Meeting (Virtual)
The World Federation of Exchanges, hosted by the Shenzhen Stock Exchange, is pleased to announce the WFE's Annual Meeting, 6-9 September 2021.
The Annual Meeting is an invitation-only event, where leaders of global exchanges, regulatory authorities, the buy-side, industry experts from academia and the media gather together for in-depth discussion on major issues surrounding the exchange industry.
Since its foundation, the WFE has organised committees, meetings, general assemblies, conferences, and workshops for its members to transfer knowledge and share expertise. As an industry trade organisation, the WFE has discussed virtually every aspect of the capital market: the technical, the commercial, the legal and the economic. In the past four decades we have published studies and reports on issues such as CCP recovery & resolution, business continuity, self-regulation, cross border trading, HFT, sustainability, SMEs and cyber security.
This year, as we are sadly unable to meet in person in Shenzhen and celebrate our host and their contribution to market structure, we have tried to make the meeting relevant and accessible to all our members globally.
We are therefore holding seven virtual sessions spread across 4 days where we have invited some of our stakeholders to reflect on the themes we live as an industry and discuss what they need from our industry. One session daily will be in the Asian time zone to enable these members to join us without staying up late while another will be in the US time zone. We have also tried to give you a strong sense of the issues and priorities of our host in Shenzhen.
About the WFE
Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents over 250 market infrastructure providers, including standalone CCPs that are not part of exchange groups. Of our members, 35% are in Asia-Pacific, 45% in EMEA and 20% in the Americas. WFE’s 57 member CCPs collectively ensure that risk takers post some $800bn (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. WFE exchanges are home to 47,919 listed companies, and the market capitalisation of these entities is over $109 trillion; around $137 trillion (EOB) in trading annually passes through WFE members (at end 2020).
The WFE is the definitive source for exchange-traded statistics and publishes over 350 market data indicators. Its free statistics database stretches back more than 40 years and provides information and insight into developments on global exchanges. The WFE works with standard-setters, policy makers, regulators and government organisations around the world to support and promote the development of fair, transparent, stable and efficient markets. The WFE shares regulatory authorities’ goals of ensuring the safety and soundness of the global financial system.
With extensive experience of developing and enforcing high standards of conduct, the WFE and its members support an orderly, secure, fair and transparent environment for investors; for companies that raise capital; and for all who deal with financial risk. We seek outcomes that maximise the common good, consumer confidence and economic growth. And we engage with policy makers and regulators in an open, collaborative way, reflecting the central, public role that exchanges and CCPs play in a globally integrated financial system.
About Shenzhen Stock Exchange (SZSE)
Shenzhen Stock Exchange (SZSE) started operation on 1st December, 1990. Functioning as a market organizer, regulator and service provider, SZSE offers facilities and services for centralized securities trading, reviews securities listing, supervises listed companies and members, exercises real-time monitoring of market transactions, introduces innovation into products and trading mechanisms on a continuous basis, and serves diversified market participants including investors and issuers.
As a critical piece of China’s financial infrastructure, SZSE has always maintained its overarching goal of supporting the real economy. After thirty years of development, it has established a capital market system featuring distinct stratification, standard and transparent supervision, safe and reliable operation, and professional and efficient services. It has witnessed continuous expansion in market size, enhanced market functions and growing appeal and influence. Ranking at forefront by multiple indicators, SZSE is now one of the most dynamic emerging markets in the world.
SZSE’s product line covers equities, bonds, funds and derivatives. The equity market includes the Main Board and ChiNext Market. The fixed-income market lists corporate bonds, asset-backed securities among other products. The fund market covers exchange-traded funds, listed open-end funds and real estate investment trusts. And the derivatives market offers CSI 300 ETF options.
By the end of June 2021, SZSE had 2455 listed companies with a total market capitalization of RMB 37.2 trillion (USD 5.8 trillion); 8615 listed bonds (including ABS) totaled a par value of RMB 2.7 trillion (USD 418 billion); and 474 funds (including REITs) reported a net asset value of RMB 281.6 billion (USD 43.6 billion). The CSI 300 ETF options maintained steady operation with 118 million transactions valued RMB 5.6 trillion (USD 867 billion) in the first half year of 2021. By the middle of 2021, SZSE achieved a total turnover of RMB 80.9 trillion (USD 12.5 trillion) from all securities. RMB 282.6 billion (USD 43.7 billion) was raised through equity financing and RMB 869 billion (USD 135 billion) through fixed-income products in the first half of 2021.
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