The State Securities Commission (SSC) has transferred the authority to review and grant stock listing licenses to the Ho Chi Minh City Securities Trading Center, a move in line with the new law on securities taking effect on January 1.
|HCMC Securities Trading Center has authority to grant stock listing licenses from now on (Photo: T.C.)|
The new law rules that the nation's stocks trading centers are authorized to grant listing licenses.
The Ha Noi Securities Trading Center already had such authority before the Ho Chi Minh City center, which is now able to receive and review listing applications directly.
Before the SSC decision, applications for listing stocks on the HCMC exchange needed approval from the SSC.