The Hanoi Stock Exchange (HNX) eyes 308 billion VND (13.2 million USD) in pre-tax profit in 2019.(Photo: VNA)
Hanoi (VNA) - The Hanoi Stock Exchange (HNX) eyes 308billion VND (13.2 million USD) in pre-tax profit in 2019, up 0.3 percent yearon year, and 594.3 billion VND in total revenue, up 5.66 percent year on year.
The northern securities market regulator also plans to pay 61.6 billion VNDto the State budget, slightly lower than the figure of 62.4 billion VND in2018.
In addition, the bourse will increase its budget for research and developmentto 76.2 billion VND in 2019, from 2018’s figure of 10.5 billion VND.
In the draft plan HNX submitted to the Ministry of Finance for approval, thenorthern bourse will enhance its supervision of information disclosure oncompanies 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 thestock market.
In addition, the northern bourse will propose the State Securities Commission(SSC) allow investors and securities firms to carry out margin lending forUPCoM-traded large-cap companies to increase trading liquidity and help theGovernment sell stakes in those firms easier.
In 2019, the HNX will develop a draft on establishing the bond futurescontracts, create futures contracts underlying the VNX200-Index, and work onlegal documents to allow trading of other derivatives products.
In 2018, the HNX earned 562.5 billion VND in total revenue and 307.4 billion VNDin pre-tax profit.-VNA
VNA
