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

Sep 23, 2021 15:03 PM

Shanghai Composite Index Rose 0.38% on Thursday
Shenzhen Component Index closed up 0.77%
Sep 23, 2021 06:09 AM

In Depth: How a Liaoning Bank Got Sucked Into the Evergrande Vortex
Shengjing Bank’s biggest shareholder is Evergrande, and authorities are probing $15.5 billion of transactions between the property giant and the regional bank
Sep 23, 2021 05:52 AM

Banking Regulator Puts New Emphasis on Governance, Data Management
In first update to seven-year-old bank risk assessment criteria, CBIRC reduces the weight of profitability
Sep 22, 2021 22:58 PM

Ant Group Lending Platform Huabei Resumes Sending Credit Data to PBOC
The online consumer lender takes a step toward complying with rules designed to bring the risk-prone industry into the regulatory fold
Sep 22, 2021 22:39 PM

Caixin Explains: How Evergrande’s Hui Ka Yan Blew Up a $43 Billion Fortune
Tycoon’s wealth has fallen roughly 90% in four years, his property company is drowning in debt and even his soccer club is reportedly looking for a bailout
Sep 22, 2021 19:03 PM

In Depth: How Evergrande Hid Its Debt
The embattled developer has shown itself to be a master at hiding debt, employing methods such as debt disguised as equity and acquisitions that have yet to be paid for
Sep 22, 2021 15:03 PM

Shanghai Composite Index Rose 0.4% on Wednesday
Shenzhen Component Index closed down 0.57%
Sep 22, 2021 05:51 AM

Cross-Border Yuan Settlements Surge to Record High
Deals totaled $4.39 trillion in 2020, up 44.3% from the previous year, as China steps up efforts to promote international use of the currency
Sep 21, 2021 19:08 PM

Former Citic Director Gets 18-Year Prison Sentence for Graft
Zhao Jingwen was convicted of receiving 5.5 million yuan in bribes
Sep 21, 2021 05:01 AM

Southbound Bond Connect May Funnel $46 Billion a Year to Hong Kong
Bank of China Hong Kong makes projection as expansion of program is set to start Sept. 24, four years after northbound link
Sep 20, 2021 19:03 PM

No Financial Activity Should Be Free of Financial Regulators’ Scrutiny, PBOC Chief Says
In a speech, Yi Gang says that financial service providers must hold the proper licenses, and electronic payment services should get back to their roots
Sep 18, 2021 03:54 AM

China Moves to Lure More Red-Chip Stocks to Mainland Markets
Authorities expand pilot program aimed at overseas-traded companies to include next-generation information and green tech, among others
Sep 18, 2021 03:06 AM

New Beijing Bourse Opens for Investor Registration
Retail participants need to have $77,458 of securities assets and two years of investing experience, in line with rules on STAR Market
Sep 17, 2021 21:30 PM

Securities Firm Seized Amid Dismantling of Tomorrow Holding Goes on the Block
But new owners will have to cooperate with regulators to deal with asset management products in default
Sep 17, 2021 15:03 PM

Shanghai Composite Index Rose 0.19% on Friday
Shenzhen Component Index closed up 0.71%
Sep 16, 2021 22:48 PM

MSCI Outlines Regulators’ Role in New Offshore Stock Index Futures
Global index provider explains background, design of A-share index futures that will start trading in Hong Kong
Sep 16, 2021 21:57 PM

Evergrande Chairman Quits as Director of Luxury Hong Kong Property Firm
Hui Ka Yan remains as sole shareholder of house estimated to be worth $103 million
Sep 16, 2021 15:03 PM

Shanghai Composite Index Fell 1.34% on Thursday
Shenzhen Component Index closed down 1.91%
Sep 16, 2021 03:31 AM

Huarong Puts $58.8 Billion of Bad Assets Up for Sale
Scandal-plagued bad-debt manager moves to speed up revitalization and restructuring following announcement of rescue plan led by Citic
Sep 15, 2021 21:59 PM

In Depth: China Tries to Calm Skittish Investors Amid ‘Regulatory Storm’
After sweeping rule changes sank shares in industries from after-school tutoring to big tech, some investors have cried foul and nearly everyone is pushing for more predictability