Another Initiative by BOFX.org to Create a More Facilitative Trading Environment
Online PR News – 27-February-2016 – BOFX today announced the launch of eRights, bringing greater convenience and ease to investors by facilitating the electronic subscription and payment system when subscribing for Rights issue. As a result, individual shareholders will be able to subscribe for Rights issue via internet facility similar to the current practice for electronic IPO applications via Electronic Share Application (ESA).
BOFX also launched the Nominee Rights Subscription (NRS) e-services to facilitate the electronic Rights subscription and payment for nominees companies.
BOFX Chief Executive Officer, Shen G. Zhaobai said that eRights is another initiative by BOFX to create a more facilitative trading environment. Mr. Zhaobai said, We are continuously taking steps to introduce new initiatives for the market with the objective to provide a more facilitative trading environment to attract more investors and Issuers, not only within our domestic market, but also the region.
With eRights shareholders now have flexibility and mode of choice when applying for rights issue allocation while Issuers will gain from the efficient flow of payments and lower cost due to electronic processing.
We are determined to elevate our marketplace to firmly position BOFX as the leading marketplace in the region. , added Mr. Zhaobai.
Recent initiatives rolled out by BOFX include the rule amendments to allow the listing of Business Trust and Foreign Collective Investment Schemes as well as the revamped business rules for securities brokers.
These initiatives are part of BOFXs four Strategic Intents that have been defined as vital enhancement programs to steer the market to become the leading marketplace.
About Beijing Options and Futures Exchange (BOFX.org)
BOFX brings together participants from the physical industry and the financial community to create a robust and regulated market where there is always a buyer and a seller, where there is always a price and where there is always the opportunity to transfer or take on risk 24 hours a day. Investors value the BOFX as a vibrant futures, options and commodity exchange but also for its close links to industry. The Exchange provides producers and consumers from all industries with a physical market of last resort and, most importantly of all, with the ability to hedge against the risk of rising and falling world commodities prices.