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    to stick with tea Wang insists I choose a white prompting a conversation about Australia s openness to cultural change in many spheres of life He doesn t realise that an average Australian of his age like me didn t grow up in a wine drinking culture but has now embraced the once foreign habit along with a lot more including Chinese investment So I make the point with glasses of Crawford River riesling the closest vineyard on the wine list to the once resolutely beer drinking western Victoria farmland where I grew up Wang also hails from the south in his case Hainan the island on the south eastern tip of China near Vietnam now best known as the location of the Boao Forum which Prime Minister Julia Gillard attended as part of her trip to China this week However he has an unusual family heritage because his mother returned to China from Malaysia in the tumultuous 1940s when others were more likely to be leaving Wang was among the first Chinese to get a tertiary education when Deng Xiao ping reopened the universities after the Cultural Revolution he moved to Shanghai to study at China Eastern University Everything was new in those days but Wang settled on the particularly new discipline of environmental engineering because he figured it would allow him to stay in a big city medicine teaching or even the boom field of textile production might all have meant a stint in the provinces He wound up in the Canton now Guangzhou city government and dabbled in a bit of import export on the side until he became frustrated that he wasn t allowed to visit nearby Hong Kong where he had a few customers There s no ceremony as generous serves of mud crab pippies peppered beef and kang kung arrive although we are joined by one of Wang s executives to help us get through the meal Detaching pippies from their shell with chopsticks and simultaneously taking notes in a noisy restaurant means Lunch with The AFR is not all smooth sailing However the crab that apparently delights those first time Chinese visitors is ready and waiting and makes the starter worth the effort Wang is a reflective man once you get past the marketing pitches I do a quick double take on the nearby tables and see a lot more loud fast talking spruikers of many backgrounds He meditates most days to bring a sense of calm to life in the financial services sector and has only recently returned to consuming alcohol and red meat as part of a new philosophy of doing everything in moderation Being locked out of Hong Kong while working in Canton prompted Wang to latch on to the new fad for overseas language study In1988 he arrived in Sydney without any contacts to learn English and computing Then suddenly a tearful Bob Hawke announced after the Tiananmen Square massacre that all Chinese students in Australia could stay and

    Original URL path: http://www.apx.com.au/APX/Public/EN/About_APX/ViewNews.aspx?NewsID=65 (2015-10-07)
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    legal and compliance business development and operations so that the stock exchange is ready to go live Whilst APX was granted a stock exchange license by ASIC in August 2004 the origins of the exchange date to eight years prior when the Exempt Markets EM A number of companies including Sigma Company Limited Sydney Futures Exchange Corporation Limited and Becton Development Limited were listed and traded on APX 3 How active has the APX been in the marketplace Over the past few months APX has started to meet with brokers potential listees sponsors and stakeholders to inform them of the strategy and create market awareness This will further increase over the coming months with the anticipation that brokers listees and sponsors will sign up to the APX stock exchange 4 Who are the major shareholders of the APX APX is a wholly owned subsidiary of AIMS Financial Group Established in 1991 AIMS Financial Group is an Australian diversified non bank financial services and investment group with a solid track record and enviable reputation in the mortgage lending fund management and securitisation markets The winner of over 30 Australian Financial Services Industry awards AIMS Financial Group is head quartered in Sydney Australia with presence across the Asia Pacific region Since 1999 AIMS issued about AUD 3 Billion residential mortgage backed securities RMBS with most of them rated AAA by Standard Poors AIMS manages in a joint venture arrangement with AMP Capital the AIMS AMP Capital Industrial REIT listed on the Singapore Stock Exchange AIMS manages about 1 5 billion in funds 5 How will investors trade on the APX Investors will trade on APX as they trade on ASX via a broker Settlement will be via CHESS and T 3 Broker numbers will be displayed in the market depth which will allow for crossings to occur more frequently 6 What listing rules does the APX have APX received approval for its listing rules in November last year This was a major milestone for APX The APX market runs on the premise of continuous disclosure like the ASX The listing rules are available at www apx com au 7 How does APX intend to be different APX is seeking to differentiate itself from other exchanges in a number of ways These include Opportunity for access to Asian especially Chinese capital opening up new markets Opportunity for attracting large number of investors from Asia especially in Greater China to trade on APX s stocks Opportunity for raising capital in Australia and Asia especially in Greater China Specifically targeting growth companies from small medium to large Adopting a multilingual approach starting with English and Chinese in the trading and information platform and in customer services as well Advanced web based trading system providing real time prices that is both easy to use and highly accessible to all market participants A multi cultural team of executives who have a strong understanding of the workings of both Chinese and Western financial and capital markets High level

    Original URL path: http://www.apx.com.au/APX/Public/EN/About_APX/ViewNews.aspx?NewsID=63 (2015-10-07)
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    Pacific stock exchange is a vehicle to allow Chinese investors to trade online into Asian companies listed in Australia as a way to gain a foothold in the West And the Chinese born Australian has the money determination and political influence to pull the audacious plan off Having recently dined with Victorian Premier Ted Baillieu and meeting old friend and former banker Greg Medcraft now head of the Australian Securities and Investments Commission Wang is doing the rounds of key federal ministers to enlist them to his cause The idea for the exchange which flourished during the Beijing Olympics where Wang was a principal sponsor of the Australian team is now taking serious shape The APSX had its listing rules approved by federal Treasury last year and is now having its business rules and computer systems tested by ASIC Wang has poached former ASX executives David Lawrence and Sharmila Hedge and appointed former ASX director Ray Schoer and recently retired former vice chairman of Merrill Lynch Greg Bundy to their board The exchange has signed a memorandum of understanding with the Chinese broker China Development Bank Securities has also opened an office in Shenzhen and is preparing further agreements for companies such as Wang s Singapore listed AIMS AMP Capital Industrial REIT to list on the exchange Wang also considers that a key is to the exchange s success will be to allow the Chinese investors to trade in Chinese currency to minimise costs and barriers to investment Like all investors Chinese investors prefer to trade in their own currency that they know and are comfortable with he says Parliamentary secretary to the Treasurer Bernie Ripoll recently visited the exchange s Sydney offices where Wang was advised to remove the photos of him with former Liberal prime minister John Howard

    Original URL path: http://www.apx.com.au/APX/Public/EN/About_APX/ViewNews.aspx?NewsID=60 (2015-10-07)
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    chief executive of APX s parent company AIMS Financial Group APX proposes to establish a bridge between China s growing pool of wealthy private investors and companies in Australia s booming resources and agricultural industries It also aims to draw cashed up Chinese firms looking to bolster their global presence through an Australian listing From a Chinese investor point of view Australia is a gateway to the Western world said Mr Wang in an interview Chinese investors like all investors like to participate on platforms they are familiar with and understand with the same language companies they know and ideally the same currency Australia s exchange market is opening up to competition as part of government plans to turn it into a financial hub similar to London or Hong Kong Since last year the country s main bourse operator ASX Ltd has faced direct competition from Nomura backed Chi X which says its market share is now regularly above 3 ASX wouldn t comment on APX s planned entry Instead it referred to a recent speech by its Chief Executive Elmer Funke Kupper in which he acknowledges the likely substantial impact of competition on Australia s equity market while saying the consequences look modest for its overall revenues It will be extremely difficult to set up an exchange that carries sufficient volume to be viable long term said Angus Gluskie Sydney based managing director of White Funds Management which owns ASX shares From the sound of their target market it s unlikely to take away from ASX s existing clientele Over time more than 60 of investors on APX s new bourse are expected to come from Greater China where the company has a front end office based in Shenzhen Mr Wang said Firms making initial public offerings on the

    Original URL path: http://www.apx.com.au/APX/Public/EN/About_APX/ViewNews.aspx?NewsID=53 (2015-10-07)
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    to become an APX Sponsor Listing Rules Fees Market Participants Who are APX s Market Participants Benefits of being a Market Participant How to become a Market Participant Business Rules Notices Fees Markets and Supervision Markets Supervision Trading on APX Settlement Complaints APX Framework Consultations and Amendments About APX About APX APX History Our Strategy Board of Directors Careers at APX News Newsletter Contact Us You are here Home About

    Original URL path: http://www.apx.com.au/APX/Public/EN/About_APX/ViewNews.aspx?NewsID=52 (2015-10-07)
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    Asia Pacific Exchange APX is expected to go live late next month providing an alternative platform for Australian and Asian companies seeking to go public The privately owned exchange based in Sydney is expected to list its first companies towards the end of the year We are talking to five Australian companies with market capitalisation of about 100 million each about floating said George Wang chairman and chief executive of APX parent company AIMS Financial Services Group The companies were in resources property and services said Mr Wang whose group purchased APX three years ago Chinese companies had also expressed interest he said adding that in time he hoped trades in APX stocks could be made in the Australian dollar and China s yuan A key part of Mr Wang s strategy is to tap into the growing pool of offshore yuan Mr Wang said Chinese companies approved for listing on the APX would differ from their predecessors which listed but failed to take off on the ASX A lot more due diligence would be done on Chinese companies before listing to ensure they were more successful than those listed on London or New York stock exchanges The difference is we are familiar with the Chinese system and we are building a team in China who will do the initial vetting before they come before the APX listing committee Mr Wang said He expected APX to have an advantage due to its business connections in China APX has opened an office the first Australian company to do so in Shenzhen s new financial district at Qianhai he said The exchange would provide a bridge for Australian companies reaching out to Asian investors and vice versa for Asian firms There was a queue of Chinese companies seeking to list he said

    Original URL path: http://www.apx.com.au/APX/Public/EN/About_APX/ViewNews.aspx?NewsID=51 (2015-10-07)
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    You are here Home About APX News Detail About APX About APX APX History Our Strategy Board of Directors Careers at APX News Newsletter Contact Us News Australian Financial Review APX to focus on Asia Pacific 07 02 2012 By Michael Hobbs AIMS Financial Group founder George Wang hopes to attract Australian and Chinese companies to his new securities exchange in an attempt to create a platform for companies and investors of both countries Asia Pacific Exchange APX has been at least three years in the making for Mr Wang after AIMS bought the company in October 2008 and provided funding The exchange set to be relaunched in the first half of this year is targeting Australian companies seeking to list as well as adding new exchange traded funds ETFs with an Asian focus Mr Wang said APX would then target Chinese companies to list on the exchange There are many companies in China but it can be very tricky and difficult to list on the Chinese stock exchange due to listing restrictions on things such as revenue requirements Mr Wang said Australia is a highly regulated market but it provides the opportunity to a more diverse range of companies and is still in the Asia Pacific region APX was notified by the Australian Securities and Investments Commission that its revised listing rules had been allowed by Treasury last year The next step is approval for its revised business rules which is expected at the end of March at the earliest The exchange is also in the middle of stress testing its new trading system from technology provider TradePort A key part of APX s future success lies with Mr Wang Jeremy Tobias director of business development at APX said Mr Wang s contacts across China and Australia were integral

    Original URL path: http://www.apx.com.au/APX/Public/EN/About_APX/ViewNews.aspx?NewsID=6 (2015-10-07)
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    become an APX Sponsor Listing Rules Fees Market Participants Who are APX s Market Participants Benefits of being a Market Participant How to become a Market Participant Business Rules Notices Fees Markets and Supervision Markets Supervision Trading on APX Settlement Complaints APX Framework Consultations and Amendments About APX About APX APX History Our Strategy Board of Directors Careers at APX News Newsletter Contact Us You are here Home About APX

    Original URL path: http://www.apx.com.au/APX/Public/EN/About_APX/ViewNews.aspx?NewsID=7 (2015-10-07)
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