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

Sep 07, 2023 15:03 PM

Shanghai Composite Index Fell 1.13% on Thursday
Shenzhen Component Index closed down 1.84%
Sep 05, 2023 19:53 PM

Beijing Passes Law Allowing Foreign States to Be Sued in China
Under the new Foreign State Immunity Law, foreign state entities locked in a commercial dispute with a Chinese citizen or company may end up in court
Sep 05, 2023 15:03 PM

Shanghai Composite Index Fell 0.71% on Tuesday
Shenzhen Component Index closed down 0.67%
Sep 04, 2023 15:03 PM

Shanghai Composite Index Rose 1.4% on Monday
Shenzhen Component Index closed up 1.41%
Sep 02, 2023 03:47 AM

China Tightens Oversight of Program Trading in Stock Market
CSRC issues new rules including a monitoring and reporting mechanism to put computer-driven algorithms under closer scrutiny
Sep 01, 2023 15:03 PM

Shanghai Composite Index Rose 0.43% on Friday
Shenzhen Component Index closed up 0.44%
Sep 01, 2023 06:04 AM

Ex-Boss of Taiping Life Falls Under Graft Investigation
Zhang Ke, who helped quadruple the insurer’s revenue before leaving in 2020, taken away by authorities in Shanghai
Sep 01, 2023 05:51 AM

Exclusive: Everbright Names Veteran Executive to Fill Top Vacancy
Wu Lijun is set to become Communist Party chief and chairman, succeeding Wang Jiang, who was assigned to new financial regulatory body
Sep 01, 2023 03:54 AM

UBS Urges Bank Loan Restructuring to Address LGFV Crisis
Swiss banking giant estimates local financing vehicles owe $6.75 trillion to banks and calculates that a three-year payment extension would help LGFVs and would be manageable for lenders
Aug 31, 2023 20:18 PM

Caixin Explains: Why China’s Efforts to Juice Stocks Typically Don’t Last
Measures including cutting the stamp duty on trades and slowing the pace of IPOs are mostly seen as a short-term shot in the arm for sentiment
Aug 31, 2023 15:03 PM

Shanghai Composite Index Fell 0.55% on Thursday
Shenzhen Component Index closed down 0.61%
Aug 31, 2023 06:52 AM

China Fixes Bug in Data Rules That Froze Up $21 Trillion Bond Market
New regulations on money broker data services addresses issue that roiled markets in March when traders abruptly lost access to information
Aug 30, 2023 06:15 AM

Rate Cuts on Existing Home Loans ‘Highly Probable,’ China Merchants Says
Bank’s Assistant President Peng Jiawen cites guidance from central bank to support homebuyers
Aug 30, 2023 06:01 AM

Country Garden Seeks 40-Day Grace Period to Avert Default
Troubled Chinese property giant plans to ask holders of $540.8 million debt to vote Aug. 31 on both grace period and extension of payments
Aug 29, 2023 15:03 PM

Shanghai Composite Index Rose 1.2% on Tuesday
Shenzhen Component Index closed up 2.17%
Aug 29, 2023 06:15 AM

ICBC Hubei Vice President Falls Under Graft Probe
Qiu Shijie was head of banking giant’s Shiyan city sub-branch when it was involved in a $83.5 million loan fraud scandal
Aug 29, 2023 06:07 AM

Global Central Banks Continue to Tap Yuan Via Currency Swap
PBOC reports balance of foreign currency swaps rose to $15.78 billion in the second quarter, the fourth straight quarterly increase
Aug 28, 2023 21:38 PM

Caixin Explains: The Roots of Country Garden’s Debt Woes
The private property developer’s creditors are knocking just as its sales have plunged and lenders are nowhere to be found
Aug 28, 2023 15:03 PM

Shanghai Composite Index Rose 1.13% on Monday
Shenzhen Component Index closed up 1.01%
Aug 28, 2023 07:32 AM

Cover Story: Clock Ticking on Country Garden’s Debt Bomb
Formerly China’s top developer in terms of sales for six consecutive years, the behemoth is now teetering on the brink of its first ever bond default