SSC presents three options to restructure local stock market

The State Securities Commission has presented three options to restructure the local stock market in 2011-2020 period in a meeting held in Hanoi, April 21.

The first option is merging HOSE and HNX into one to acquire a unity in basic technology, stock exchange standards such as: connection, membership, regulation, mechanism, human power. This option has an advantage of a compact organization but it will cause turmoil in the market and monopoly.

The second option is setting a mother company holding 100% stake in both exchanges and the securities depositary to unite management and administration while their operations remains independent. Goods in the two exchanges are kept separate. This option ensures comprehensive technology investment, keeps competitiveness, reduces costs for market members, and doesn’t cause turmoil in the market.

The final option is to keep current things. However, this likely leads to competition between the two exchanges to develop, causing losses to the stock market and society, making it less attractive to professional investors.

Nguyen Son, head of Market Development Department under SSC says these options will be sent for opinions from experts and market members – Stoxplus.com

Tags: vietnam stock, Vietnam stock market, VNindex

Posted by VBN on Apr 23 2011. Filed under Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry