The northern securities market regulator also plans to pay VND61.6 billion to the State budget, slightly lower than the figure of VND62.4 billion in 2018.
In addition, the bourse will increase its budget for research and development to VND76.2 billion in 2019, from 2018’s figure of VND10.5 billion.
In the draft plan HNX submitted to the Ministry of Finance for approval, the northern bourse will enhance its supervision of information disclosure on companies that trade shares on the stock market.
The HNX will also revise and complete the framework on monitoring stocks, especially those that are traded on the Unlisted Public Company Market (UPCoM), and work with brokerage firms to implement the market-making mechanism for the stock market.
In addition, the northern bourse will propose the State Securities Commission (SSC) allow investors and securities firms to carry out margin lending for UPCoM-traded large-cap companies to increase trading liquidity and help the Government sell stakes in those firms easier.
In 2019, the HNX will develop a draft on establishing the bond futures contracts, create futures contracts underlying the VNX200-Index, and work on legal documents to allow trading of other derivatives products.
In 2018, the HNX earned VND562.5 billion in total revenue and VND307.4 billion in pre-tax profit.
