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

Aug 25, 2023 15:03 PM

Shanghai Composite Index Fell 0.59% on Friday
Shenzhen Component Index closed down 1.23%
Aug 25, 2023 05:51 AM

Citic Securities Cuts Fees for Investors
Top state-owned investment bank responds to CSRC push to prop up China’s sagging stock markets
Aug 25, 2023 04:19 AM

China Pushes Pension Funds, Banks and Insurers Toward Stocks
Top securities regulator meets with financial executives on how to expand investment in one of the world’s worst-performing stock markets
Aug 24, 2023 21:12 PM

Global Investors Rejig Chinese New Economy Holdings
Some bellwethers trimmed their stakes in the likes of Alibaba and NetEase before news broke that Beijing had wrapped up a years-long crackdown on misconduct in the tech sector
Aug 24, 2023 19:07 PM

Allianz Joins Peers in Setting Up Wholly Owned Mutual Fund Business in China
The German financial giant has been approved to establish the subsidiary within the next six months, making it the latest in a string of global firms expanding in the country’s $3.8 trillion market
Aug 24, 2023 15:03 PM

Shanghai Composite Index Rose 0.12% on Thursday
Shenzhen Component Index closed up 1.02%
Aug 24, 2023 04:49 AM

Former Chief of Bank of Beijing Out of Touch as Regulators Probe Dealings
Authorities detain Yan Bingzhu and raid his home after months of rumors that he was a target of investigators, sources say
Aug 24, 2023 03:50 AM

China UnionPay More Than Triples Registered Capital to $1.37 Billion
Increase signals better risk controls and enhanced safety and stability for the world’s largest provider of debit cards
Aug 23, 2023 20:27 PM

Schroders China Unit Seeks Approval for First Mutual Fund
U.K. asset manager aims to launch a bond fund amid sluggish Chinese mainland stock market
Aug 23, 2023 19:52 PM

China-Argentina Currency Swap Poses Risks and Opportunities, Economist Says
The primary concern about the deal is that the other country may default, rather than yuan depreciation, Yu Yongding tells Caixin
Aug 23, 2023 15:03 PM

Shanghai Composite Index Fell 1.34% on Wednesday
Shenzhen Component Index closed down 2.14%
Aug 22, 2023 15:03 PM

Shanghai Composite Index Rose 0.88% on Tuesday
Shenzhen Component Index closed up 0.53%
Aug 22, 2023 04:55 AM

Three Banks Fined $15.9 Million for Loan-Related Breaches
Regulators penalize Agricultural Bank of China, Minsheng Bank and Guangfa Bank in tightened scrutiny of irregular lending
Aug 21, 2023 19:51 PM

Country Garden’s Plan to Extend Bond Repayment Meets With Resistance
Bondholders will vote later this week on whether to approve the developer’s proposed three-year extension on a $541 million bond, or demand payment in full by Sept. 2
Aug 21, 2023 15:03 PM

Shanghai Composite Index Fell 1.24% on Monday
Shenzhen Component Index closed down 1.32%
Aug 18, 2023 20:52 PM

Texas Hold ’Em Gives Way to ‘Throwing Eggs’ as China’s PE Funds Woo Yuan Investors
As U.S.-dollar investors turn their backs on Chinese mainland startups, private equity and venture capital funds are courting Chinese institutions who have very different requirements
Aug 18, 2023 20:27 PM

China’s Securities Regulator Steps Up Efforts to Bolster Sagging Market
CSRC pushes bourses to cut transaction fees and stay open longer to counter economic gloom dragging stocks lower
Aug 18, 2023 15:03 PM

Shanghai Composite Index Fell 1.0% on Friday
Shenzhen Component Index closed down 1.75%
Aug 17, 2023 04:33 AM

HKEX First Half Profit Rises 31% Despite Sliding Trading
Higher interest rates lift HKEX investment returns to offset weaker trading; exchange sees strong business growth linked to derivatives, stock connect
Aug 16, 2023 21:20 PM

China’s Money-Losing IPO Fever Breaks
Regulators haven’t accepted an application by any unprofitable company since June 2022, in a sign they want to slow the pace of such new listings