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

Nov 29, 2021 20:09 PM

Graft-Busters Ensnare Another Former Securities Regulator
Currently Guotai Junan Securities’ investment banking chief, Zhu Yi is being investigated for misconduct in his previous role at China’s securities watchdog
Nov 29, 2021 15:03 PM

Shanghai Composite Index Ended Nearly Flat on Monday
Shenzhen Component Index closed up 0.22%
Nov 27, 2021 19:37 PM

China’s New Mobile Payment Rules Aim to Crack Down on Cross-Border Gambling, Central Bank Says
From March 2022 onwards, payment platforms such as Alipay and WeChat Pay will have to distinguish between ‘individual’ and ‘merchant’ barcodes for payment collection
Nov 26, 2021 19:19 PM

Update: Ant Group-Linked Firm Considered for Personal Credit Reporting Service
Pending approval, Qiantang Credit could become the country’s third provider licensed to carry out this business
Nov 26, 2021 17:46 PM

Investors Enthused About China’s Second Batch of Infrastructure REITs
Two real estate investment trusts oversubscribed by dozens of times
Nov 26, 2021 15:03 PM

Shanghai Composite Index Fell 0.56% on Friday
Shenzhen Component Index closed down 0.34%
Nov 25, 2021 20:51 PM

Chinese Insurers Ordered to Rectify Financial Mismanagement by Year-End
Industry regulator says it found illegal property investment and other problems within the firms’ $3.5 trillion investments
Nov 25, 2021 20:29 PM

In Depth: China’s Opened Its Doors to Foreign Financial Firms — Can They Prosper?
A different regulatory environment, fierce competition, and weak distribution channels are just some of the challenges facing foreign financial institutions like Goldman Sachs and UBS
Nov 25, 2021 16:58 PM

China Life Buys 2 Billion Freshly Minted Shares in Bad-Asset Manager Huarong
State-owned insurer would control a 2.44% stake once a 42 billion yuan share sale is completed
Nov 25, 2021 15:03 PM

Shanghai Composite Index Fell 0.24% on Thursday
Shenzhen Component Index closed down 0.4%
Nov 24, 2021 20:37 PM

Another Everbright Executive Investigated for Graft
Head of Yantai branch the latest in a string of executives associated with the financial conglomerate to be probed for suspected corrupt practices
Nov 24, 2021 18:55 PM

Former Chief of State-Owned Huishang Bank Booted From Communist Party After Graft Probe
The bank Dai Hedi chaired had dealings with the now bankrupt Baoshang Bank
Nov 24, 2021 15:03 PM

Shanghai Composite Index Rose 0.1% on Wednesday
Shenzhen Component Index closed down 0.12%
Nov 24, 2021 05:19 AM

Exclusive: Ant Group Reshuffles Huabei Consumer Loan Business
Amid sweeping overhaul to reduce lending risks, Jack Ma’s fintech separates Huabei from credit services offered by partners on its platform
Nov 23, 2021 20:09 PM

Greater Bay Area Wealth Connect Trial Sees Over $31 Million in Transactions
Launched in October, the program allows eligible residents from Guangdong to invest in certain wealth management products from Hong Kong, Macao and vice versa
Nov 23, 2021 19:02 PM

In Depth: Burned by Developers, China’s Trust Industry Pulls Back From Property
The $3 trillion sector is scaling back its immense investments in real estate as it scrambles for cash
Nov 23, 2021 15:03 PM

Shanghai Composite Index Rose 0.2% on Tuesday
Shenzhen Component Index closed down 0.37%
Nov 23, 2021 04:29 AM

Bilibili Acquires Online Payment License in $18.5 Million Deal
Taking a 65.5% stake in Zhejiang Yongyi Payment, Chinese video platform joins the rush by tech companies into the e-payment business
Nov 22, 2021 15:47 PM

Ping An’s Fintech Unit Posts Widened Loss Even as Revenues Rise
The New-York listed OneConnect lost $42 million in the third quarter amid bribery allegations that the company had denied
Nov 22, 2021 15:03 PM

Shanghai Composite Index Rose 0.61% on Monday
Shenzhen Component Index closed up 1.41%