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  • 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 of market transparency and high quality of services Flexibility in its listing rules whilst still maintaining a very high level of accountability and rigour Focusing on fundamentals e g no short selling Competitive listing and trading fees 8 What do you think is the growth potential for APX over the next 5 years The growth opportunities for APX over the next 5 years are enormous There will be opportunities to expand our product range through innovative strategies as well as increase our footprint through organic growth China continues to grow and the world over the past few years has really begun to understand the critical role they have to play in the

    Original URL path: http://www.apx.com.au/NEWS/ViewArticle.aspx?ArticleID=465 (2015-10-07)
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  • 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 just in case they upset the Labor MP Oh and he better remove the photos of him with a beaming Queenslander Kevin Rudd who Ripoll publicly slammed for wrecking the Labor party during this year s leadership stoush Aside from being adept at political diplomacy Wang is extremely confident that politicians will get it It will promote Australia as a hub to introduce Asia to the Western world They can set up a presence here so that will bridge the gap the enthusiastic Wang says It will create a lot of jobs a lot of capital will flow to Australia he says sipping green tea in the lobby of Melbourne s Crown

    Original URL path: http://www.apx.com.au/NEWS/ViewArticle.aspx?ArticleID=533 (2015-10-07)
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  • 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 privately owned exchange will be able to list in both China and Australia Once enough companies are signed up APX plans to let them list in both Australian dollars and Chinese yuan in what would be the country s first exchange to allow dual currency offerings Yuan denominated trades will initially be cleared in Hong Kong However a currency swap agreement signed this year between the Reserve Bank of Australia and People s Bank of China means that a legal framework for trades to be cleared domestically in the future already exists Mr Wang said It will mean it s not much different to listing in China he added

    Original URL path: http://www.apx.com.au/NEWS/ViewArticle.aspx?ArticleID=516 (2015-10-07)
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  • market operator that wants to attract Chinese companies and investors to Australia 2013 4 29 Dow Jones Chinese Financial Wire DJ Australian Bourse Targeting Chinese Listings Clears Hurdle Bill Shorten minister for financial services and pensions said Monday that approval of the new rules including safeguards against risks associated with high frequency trading left APX needing clearance only from Australia s securities regulator 2013 4 14 The Australian Financial Review From Salesman to CEO The Australian Financial Review From Salesman to CEO 2012 8 29 Stockbrokers Monthly A Few Minutes with the Asia Pacific Exchange The Stockbrokers Association recently met with the Asia Pacific Exchange to gain insight into their Australian market entry strategy and how they intend to differentiate themselves from other exchanges currently operating in Australia 2012 6 23 The Australian Financial Review Wang s vision for Asia Pacific George Wang has a grand vision Asian investors trading online into Australia millions of them He picked up a stock exchange licence from the carcass of the Austock group in 2008 and is determined to launch his own exchange in Australia this year specifically designed to attract Chinese investors Our exchange will be built as an alternative to Shenzhen Shanghai and Hong Kong Stock Exchange Wang makes the point Chinese companies need to grow and there are more than can be accommodated in China alone His vision for an Asia 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 2012 6 07 The Wall Street Journal New Australia Stock Exchange Targets Asian Firms Investors Sydney may move a step closer to becoming an international financial hub next month with the launch of a new bourse aimed specifically at attracting Asian companies and capital into Australia The Asia Pacific Exchange is scheduled to go live next month subject to final Australian regulator approval By the end of the year as many as 10 companies are expected to list on the exchange which will eventually permit yuan denominated trading said George Wang chief executive of APX s parent company AIMS Financial Group 2012 6 06 SBS Chinese APX focuses on China sees opportunity amid sluggish global economics APX was recently featured on SBS as an alternative listing venue George Wang Deputy Chairman of APX provided his comments on China and the opportunities ahead for bridging the gap between Asian and Australian capital markets 2012 5 21 The Australian Asia Pacific Exchange targets China float demand George Wang says a lot more due diligence will be done on Chinese companies before listing Australia s newest bourse the 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 2012 2 07 The Australian Financial Review APX to focus

    Original URL path: http://www.apx.com.au/NEWS/ViewArticleList.aspx?CategoryID=40&ArticleTypeID=7 (2015-10-07)
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  • 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 just in case they upset the Labor MP Oh and he better remove the photos of him with a beaming Queenslander Kevin Rudd who Ripoll publicly slammed for wrecking the Labor party during this year s leadership stoush Aside from being adept at political diplomacy Wang is extremely confident that politicians will get it It will promote Australia as a hub to introduce Asia to the Western world They can set up a presence here so that will bridge the gap the enthusiastic Wang says It will create a lot of jobs a lot of capital will flow to Australia he says sipping green tea in the lobby of Melbourne s Crown

    Original URL path: http://www.apx.com.au/NEWS/ViewArticle.aspx?ArticleID=304 (2015-10-07)
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  • his comments on China and the opportunities ahead for bridging the gap between Asian and Australian capital markets http www apx com au APX Public EN About APX ViewNews aspx NewsID 52 Go Back Asia Pacific Stock Exchange Head Office Level 16 Central Square 323 Castlereagh Street SYDNEY NSW 2000 Australia Phone 61 2 9217 2730 Fax 61 2 9215 2833 Email info apx com au Website www apx com

    Original URL path: http://www.apx.com.au/NEWS/ViewArticle.aspx?ArticleID=290 (2015-10-07)
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  • 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 In Shenzhen alone there are potentially 300 000 companies of which at least 20 000 would qualify to list But he said the Shenzhen and Shanghai stock exchanges had long waiting lists of float hopefuls Companies making initial public offerings he said would have the opportunity to raise the capital in Australia and China APX has an agreement with China Development Bank Securities and is working with other Chinese groups on providing pre listing documentation and finance to companies seeking to list We see many wealthy Chinese individuals and groups who want to invest overseas Australia is well positioned to capture some of this capital Mr Wang

    Original URL path: http://www.apx.com.au/NEWS/ViewArticle.aspx?ArticleID=165 (2015-10-07)
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  • 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 to the business strategy George has deep roots in China He knows the investors in China and the Asian region so we ll be leveraging those relationships that he s built up through AIMS he said Mr Wang has also hired a team that includes former Australian Securities Exchange general manager of operations David Lawrence

    Original URL path: http://www.apx.com.au/NEWS/ViewArticle.aspx?ArticleID=169 (2015-10-07)
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