China Financial News and Headlines: stock markets, securities, banking and funds

Nov 28, 2022 15:03 PM

Shanghai Composite Index Fell 0.75% on Monday
Shenzhen Component Index closed down 0.69%
Nov 26, 2022 03:39 AM

CSRC Suspends Huajin Securities’ Bond Underwriting for Three Months
Action follows special inspection this year of eight large securities firms’ investment banking businesses that found flaws in internal controls and security mechanisms
Nov 25, 2022 21:15 PM

China Fires Starting Gun on Personal Pension Scheme
First phase of the rollout will cover 36 cities and regions including Beijing, Shanghai and Chengdu, allowing workers to save up to 12,000 yuan a year tax free
Nov 25, 2022 20:32 PM

As China’s Top Developers Plan Debt Sales Under Aid Plan, Weakest Miss Out
Property giants Vanke and Gemdale are the latest to apply for state-backed financing support, which favors ‘healthy’ property firms and not defaulters
Nov 25, 2022 19:30 PM

PBOC to Cut Banks’ Reserve Requirement Ratio to Support Economy
The 25 basis-point reduction, effective Dec. 5, follows a cut of the same magnitude in April, and will free up around $70 billion of cash for lending
Nov 25, 2022 15:03 PM

Shanghai Composite Index Rose 0.4% on Friday
Shenzhen Component Index closed down 0.48%
Nov 24, 2022 21:01 PM

China’s ‘Big Six’ State Banks Offer Developers $130 Billion in Credit Lines
While the measures mark a positive signal for the sector, some industry insiders say that only stronger or state-owned players will stand to benefit
Nov 24, 2022 15:03 PM

Shanghai Composite Index Fell 0.25% on Thursday
Shenzhen Component Index closed down 0.15%
Nov 24, 2022 08:39 AM

China Designates First Seven Investments for Personal Pension System
Consumers can buy into offerings from China Life, People’s Insurance, Taiping Life, Taiping Pension, Taikang Life and National Pension
Nov 23, 2022 20:17 PM

Chart of the Day: China’s Rich Are Getting Richer
Chinese households entering the ranks of ‘high-net-worth families’ rose 1.9% last year to 2.1 million, with their aggregate wealth growing 27%, according to a new Hurun report
Nov 23, 2022 19:51 PM

In Depth: Why China’s Index Fund Boom Has Been a Bust for Investors
The narrow focus of money managers and their pursuit of hot sectors have left many investors nursing losses
Nov 23, 2022 15:03 PM

Shanghai Composite Index Rose 0.26% on Wednesday
Shenzhen Component Index closed down 0.27%
Nov 23, 2022 05:32 AM

China’s STAR Market Hosts $102 Billion of IPOs in First Three Years
Nasdaq-like Shanghai board’s fundraising for 486 companies accounts for more than 40% of China’s initial share sales since June 2019
Nov 23, 2022 04:47 AM

Sunshine Insurance Wins HKEX Approval for $1 Billion IPO
Share sale would be the first by an insurance company in the past five years as the industry faces challenges from the pandemic and restructuring
Nov 22, 2022 21:43 PM

China’s Personal Pension Scheme Nears Launch as Insurers’ Rules Finalized
After regulations were issued for banks and wealth management companies last week, insurance companies got theirs on Monday
Nov 22, 2022 15:03 PM

Shanghai Composite Index Rose 0.13% on Tuesday
Shenzhen Component Index closed down 1.18%
Nov 21, 2022 21:17 PM

Canada’s Manulife Approved to Take Full Control of Its China Mutual Fund Venture
The insurance giant will follow in the footsteps of BlackRock, Fidelity, and Neuberger Berman in running a wholly foreign-owned mutual fund business
Nov 21, 2022 20:32 PM

Two Former Top Men at Beijing Trust Firm Hit With Graft Probes
A former chairman and an ex-general manager of Beijing International Trust are under investigation in cases that sources say could be linked to a fallen local official
Nov 21, 2022 15:03 PM

Shanghai Composite Index Fell 0.39% on Monday
Shenzhen Component Index closed down 0.41%
Nov 19, 2022 07:56 AM

New Rules to Streamline Foreign Investment in $20 Trillion Bond Market
Chinese authorities outline new system to attract more overseas cash into the world’s second-largest debt market