Device will add communication function on top of the already widely used navigation features tapping into China’s GPS-rival satellite system

CSRC deals another blow to a scandal-plagued brokerage house amid tightening Chinese scrutiny of financial intermediaries

Shenzhen Component Index closed up 0.1%

CSRC suspends Haitong Securities‘ bond investment advisory business for lax compliance and risk control

Haitong Securities and other companies involved in the shady bond issuances of state-owned Yongcheng Coal told to clean up their act

Haitong Securities fines managers for breaking ‘self-regulatory rules’ after helping state-owned coal miner issue shady bonds

Market regulator says it suspects brokerage of defaulted $151 million bond of assisting in Yongcheng’s illegal issuance of debt and market manipulation

Regulators step up efforts to manage bond market by demanding better prospectuses, empowering bondholders, creating systems for bad debt disposal

Expectation of a shortage in March, April caused by national fever outbreak also boosted investor sentiment

Making bombastic promises, Chinese tycoon raised $3 billion from the Abu Dhabi royal family, most of which he sunk into a bad investment and personal extravagances including a yacht

Squeezed by government campaigns to cut financial leverage and deflate regional property bubbles, companies are running out of options to borrow money

Guo Wengui built connection with Abu Dhabi through Tony Blair, and raised billions of dollars from the royal family to fund his acquisition of a Chinese brokerage house