Channel Islands Exchange Welcomes Solid 2015
by Jason Gorringe, Lowtax.net, London
28 January, 2016
There was an eight percent increase in the number of securities listed on the Channel Islands Securities Exchange in 2015.
A total of 423 securities were listed, bringing the total to 2,173. At the end of December 2015, the total market capitalization of companies listed on the CISE was GBP357bn (USD511bn), an increase of GBP61.6bn, or 21 percent, from the 2014 total.
During last year, China Cinda Finance (2014) II Limited became the first issuer with an ultimate parent company domiciled in China to be listed on the CISE.
The CEO of the CISE, Fiona Le Poidevin, said: "It's really pleasing to see this increase in new business during 2015. We've seen a wide range of new listings, including both open- and closed-ended funds but notable growth areas have been REITs, where already we have a number of further applications for listing in the coming weeks, and also convertible bonds, where we expect to see a further pipeline of business in 2016."
"2015 was extremely busy not just with new listings but also other developments. At the start of last year we opened our office in Jersey and our Guernsey office moved premises during the summer. We also updated our systems, rebranded, made changes to our rules for listing debt, started a review of our rules for listing investment vehicles, and introduced new rules for special purpose acquisition companies."
See all of today's news