HONG KONG, April 12, 2016 /PRNewswire/ -- The Hong Kong Institute of Chartered Secretaries (HKICS) and Shenzhen Stock Exchange (SZSE) recently signed a Memorandum of Understanding (MOU) in Shenzhen. Mr Jin Liyang, Vice President of SZSE, and Mr Ivan Tam FCS FCIS, President of HKICS attended the signing ceremony.
Sound communication and cooperation between SZSE and HKICS go back a long way. As early as 1997, HKICS and SZSE co-organized the first professional training for board secretaries of listed companies in China's mainland. With accelerated international development in innovative enterprises and SMEs and further opening-up of capital market, Chinese listed companies find it urgent to better utilize markets and resources at home and overseas. In the framework of the MOU, SZSE and HKICS will deepen the strategic partnership, jointly promote professional development of board secretaries, and further enhance corporate governance and operational compliance by listed companies in both mainland and Hong Kong.
According to the MOU, both parties agree to develop long-term cooperation, especially in such fields as research, training, professional communication and resource sharing. In particular, efforts will be made to develop joint research on corporate governance of onshore and offshore listed companies, promote best corporate governance practices of onshore and offshore companies, hold seminars and develop hands-on courses for board secretaries in the mainland and Hong Kong.
About Shenzhen Stock Exchange
Shenzhen Stock Exchange (SZSE) was established in 1990. Over the past 25 years, Shenzhen Stock Exchange has developed a multi-tiered capital market system comprising of the mainboard, the SME Board and the ChiNext Market. As of 31st December 2015, SZSE had 1746 listed companies with 23.61 trillion yuan (USD 3.64 trillion) in market capitalization and recorded 122.50 trillion yuan (USD 18.87 trillion) in total turnover.
About The Hong Kong Institute of Chartered Secretaries
(Incorporated in Hong Kong with limited liability by guarantee)
The Hong Kong Institute of Chartered Secretaries (HKICS) is an independent professional body dedicated to the promotion of its members' role in the formulation and effective implementation of good governance policies as well as the development of the profession of Chartered Secretary in Hong Kong and throughout Mainland China.
HKICS was first established in 1949 as an association of Hong Kong members of the Institute of Chartered Secretaries and Administrators (ICSA) of London. It became a branch of ICSA in 1990 before gaining local status in 1994.
HKICS is a founder member of Corporate Secretaries International Association (CSIA) which was established in March 2010 in Geneva, Switzerland to give a global voice to corporate secretaries and governance professionals.
HKICS today has over 5,800 members and 3,200 students.
For more information, please visit www.hkics.org.hk.
