Thursday , November 26 2020

Renew the 176 billion market! Tokyo Stock Exchange intends to allocate nearly 700 listed companies | Apple Daily



According to Japanese media reports, the Tokyo Stock Exchange (TSE, East Stock Exchange) intends to remove the contract to simplify the market and attract more investors. The Structural Reform of the Japanese Stocks at the $ 5.7 trillion One third of the major listed companies is equivalent to removing hundreds of companies from the east.
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According to the report "Nihon Keizai Shimbun", when the outside world forged TSE & # 39; to allow zombie companies to maintain their listings, TSE intends to set stricter rules for listed companies to stay on the headquarters and its market value should be $ 25 billion . Yen (USD 7,033 billion). The above will be the current threshold of DKK 2 billion. The yen is raised and the announcement will be published in English as a requirement for the company to renew the motherboard market.

An East China Stock Exchange advisory team is expected to collect a report at the end of this month after reviewing the public's view of this structural reform. It is also planned to provide a transitional period of at least three years before the new regulations officially go ahead and consider the possibility of gradual adjustment, because these new provisions can trigger a large capital transfer of investors, causing market delays.
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Given the prestige of listed companies in Japan, any attempt to slim down the motherboard market may be strongly against the companies to be kicked out.
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From November last year there were 2,119 companies listed on the Board of Directors of the East China Stock Exchange. If one third of the companies were deleted, nearly 700 companies would be out. The main boards of Euronext and the London Stock Exchange are only 292 and 500. The US New York Stock Exchange has 2,434, but the size of the US economy is almost four times that of Japan.

Currently, about one third of the East China Stock Exchange companies have a market value of less than $ 25 billion. Yen, many of which are lower than their book value. At present, as long as the market is listed, unless the market value is less than 2 billion. Yen, it stays on the main board. Nikkei pointed out that the Dongzheng Institute is considering requiring companies to keep their market value above $ 25 billion. Yen. Nikkei also reported that only approx. one-third of the companies in the motherboard market are currently publishing earnings in English. (Yu Qianruo / Comprehensive Foreign Report)


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