In China, the stock exchange management by the seat of city government, the China Securities Regulatory Commission oversight. Stock management includes the following:

1. Stock Exchange set up and dissolution:
The establishment of Stock Exchange, Securities and Exchange Commission audit by the State Council, State Council for approval. In practice, the application for the establishment of Stock Exchange Securities and Exchange Commission to the State Council shall submit the following documents: application form; constitution and the main business of the draft rules; to add a list of the Committee; the Council a list of candidates and their resumes; space, equipment and funds statement; Aspiring note with management staff; and so on. Among them, the Stock Exchange constitution matters are: the establishment of objectives; name; the main office and trading premises and facilities, location, functional area; membership and join and leave procedures; the powers and duties of members; on the members of the disciplinary action; Organization Its terms of reference; senior management generation, appointment and removal of their duties; capital and financial matters; dissolution of the conditions and procedures; and so on. (more…)

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The fallout from the collapse of Lehman Brothers caused panicked selling of banking shares on Tuesday throughout Asia, where many of the failed American company’s biggest creditors are based. Even as analysts and bankers said the effects of Lehman’s failure on Asian financial markets would be limited, the 158 year old investment bank closed operations in three of their Asian subsidiaries – Lehman Brothers Asia, Lehman Brothers Securities Asia and Lehman Brothers Futures Asia. The investment bank also ceased trade on the Hong Kong Securities Exchange and Hong Kong Futures Exchange, but its asset management company, Lehman Brothers Asset Management is expected to continue operations as usual.
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