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

Jan 19, 2022 06:38 AM

PBOC Signals Easing With Pledges of More Pro-Stability Policies
China’s central bank aims to be ‘preemptive’ and ‘hurry up’ in acting to shore up an economy slowed by pandemic disruptions and the property slump
Jan 19, 2022 06:16 AM

Evergrande Transfers Projects to Partners for Debt Relief
Deals aim to reduce property giant’s liabilities while ensuring completion of more than 1 million residences for buyers
Jan 18, 2022 15:03 PM

Shanghai Composite Index Rose 0.8% on Tuesday
Shenzhen Component Index closed up 0.19%
Jan 18, 2022 03:59 AM

China’s Securities Regulator Backs Overseas Share Sales in Orderly Manner
CSRC outlines seven priorities for its work in 2022, including healthy development of capital market and registration-based IPO system
Jan 17, 2022 15:03 PM

Shanghai Composite Index Rose 0.58% on Monday
Shenzhen Component Index closed up 1.51%
Jan 15, 2022 06:47 AM

China Reins in Ant’s Yu’e Bao and Other Giant Money Market Funds
CSRC proposed new rules for funds with more than $31.49 billion of assets and 50 million investors, imposing limits aimed at reducing risk
Jan 15, 2022 05:33 AM

In Depth: How China’s Health-Care Mutual Aid Industry Folded in Just Three Years
Shutdown of Ant’s Xiang Hu Bao brings down the curtain on an appealing idea that just wasn’t sustainable as participants inevitably got older and sicker
Jan 14, 2022 21:35 PM

Ant Group’s Consumer Finance Restructuring Hits Speedbump as State Firm Decides It Won’t Invest
Cinda Asset Management has pulled out of its planned $944 million investment into a unit of the fintech giant
Jan 14, 2022 21:27 PM

Prominent Former China Development Bank Officials Punished for Corruption
Xu Weihua, who once headed the Hainan provincial branch of the policy lender, and Lin Fang, an ex-president of its Hubei branch, are expelled from the Communist Party
Jan 14, 2022 20:39 PM

Financial Veteran Looks Set to Take Over for China Life’s Fallen Chairman
Bai Tao’s appointment as chief of the insurer’s Communist Party committee signals he has been tapped to replace Wang Bin, who recently came under investigation for corruption
Jan 14, 2022 18:20 PM

Ant Group Ordered to Remove New Fund Investment Advisory Service
Alibaba-backed fintech giant halts the service merely a week after it was launched. A source says the firm is not licensed to run the service
Jan 14, 2022 15:03 PM

Shanghai Composite Index Fell 0.96% on Friday
Shenzhen Component Index closed up 0.09%
Jan 13, 2022 15:03 PM

Shanghai Composite Index Fell 1.17% on Thursday
Shenzhen Component Index closed down 1.96%
Jan 12, 2022 20:31 PM

China’s New Payment Standards Could Shake Duopoly of Alipay and WeChat Pay, Industry Insiders Say
Central bank releases technical specifications for interoperability of different systems
Jan 12, 2022 15:03 PM

Shanghai Composite Index Rose 0.84% on Wednesday
Shenzhen Component Index closed up 1.39%
Jan 12, 2022 03:52 AM

Bank of Lanzhou Prices Shares Below Book Value
State-backed regional institution raising $319 million in Shenzhen Stock Exchange becomes first publicly traded bank to sell undervalued stock in a tepid market for such shares
Jan 11, 2022 20:04 PM

Bank of East Asia Unit Fined $2.6 Million for Violating Credit Information Rules
Hong Kong-based Bank of East Asia says the subsidiary has since rectified the issues, noting that it ‘places high emphasis on compliance’
Jan 11, 2022 19:16 PM

China Updates Dozens of Rules for Listed Companies
Amended regulations cover a variety of issues, including company management, shares sales, use of funds and trade suspensions
Jan 11, 2022 15:03 PM

Shanghai Composite Index Fell 0.73% on Tuesday
Shenzhen Component Index closed down 1.27%
Jan 10, 2022 20:08 PM

Corruption Probe of China Life’s Chairman Was No Surprise, Sources Say
Wang Bin is under investigation on suspicion of serious violations of law and party discipline