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

Sep 16, 2023 18:06 PM

Chinese VIE Firm One Step Closer to U.S. IPO Under New Listing Rules
Confirmed registration with China’s top securities regulator paves the way for Cheche Technology to become the first VIE to list in the U.S. since new rules took effect in March
Sep 16, 2023 06:05 AM

Evergrande’s Insurance Arm Taken Over by New State-Owned Insurer
Hai Gang Life to assume assets, liabilities, operations and personnel of insolvent Evergrande Life Assurance
Sep 16, 2023 05:54 AM

Former ICBC Anti-Graft Chief Surrenders in Corruption Probe
Liu Lixian, a veteran corruption fighter, turned himself in last month amid an intensifying financial sector crackdown
Sep 15, 2023 15:03 PM

Shanghai Composite Index Fell 0.28% on Friday
Shenzhen Component Index closed down 0.52%
Sep 15, 2023 06:04 AM

Chinese Tech, Media and Telecom Share Sales Shrink by Half
First-half IPOs plunge to 66, raising $11.4 billion, amid a languid Chinese market, consulting group PwC reports
Sep 15, 2023 05:49 AM

HKMA Chief Eddie Yue Appointed to Key BIS Role
Head of Hong Kong Monetary Authority will chair Bank for International Settlements’ conferences of emerging market central bank governors
Sep 15, 2023 05:42 AM

Graft Busters Expand Corruption Probes of BoComm in Liaoning
Former top officials Liu Xichang and Zhou Baozhi become targets in spreading investigation of ‘rotten to the core’ lending practices
Sep 14, 2023 20:05 PM

China Greenlights First Insurer’s Sales of Perpetual Bonds to Replenish Capital
The approval for Taikang Life could pave the way for other insurance firms to use the instrument to strengthen their balance sheets
Sep 14, 2023 15:03 PM

Shanghai Composite Index Rose 0.11% on Thursday
Shenzhen Component Index closed down 0.57%
Sep 13, 2023 02:09 AM

Ex-China Life Chairman Gets Suspended Death Sentence for Bribery
Wang Bin took $44.6 million in bribes as a top executive of Chinese banks and insurance companies including Taiping Insurance, court finds
Sep 12, 2023 20:29 PM

In Depth: The Slow-Burning Insurance Crisis Unfolding in the Shadows
Despite government efforts to clean up the industry and improve oversight, the economic slowdown and a new risk-focused regulatory regime are adding to the problems
Sep 12, 2023 19:15 PM

China Softens Risk Rules to Encourage Insurers to Buy Stocks
Insurance companies will be able to invest more in certain listed equities without having to set aside extra capital
Sep 12, 2023 15:03 PM

Shanghai Composite Index Fell 0.18% on Tuesday
Shenzhen Component Index closed down 0.08%
Sep 11, 2023 15:03 PM

Shanghai Composite Index Rose 0.84% on Monday
Shenzhen Component Index closed up 0.98%
Sep 09, 2023 04:19 AM

Guangzhou Scraps Controversial Price Limits on Housing Projects
Moving to spur the ailing property market, Southern China metropolis quietly drops a seven-year-old policy
Sep 08, 2023 20:58 PM

China’s Efforts to Bolster Stock Markets Fall Flat With Offshore Investors
Net selling through the Hong Kong-mainland stock connect programs has continued in spite of supportive measures including a cut in the cost of trading and a limit on IPOs
Sep 08, 2023 15:03 PM

Shanghai Composite Index Fell 0.18% on Friday
Shenzhen Component Index closed down 0.38%
Sep 08, 2023 05:32 AM

CMC Capital Raises $136 Million for Its First Carbon-Neutral Fund
Private equity firm plans to invest in lithium batteries, photovoltaics, hydrogen energy, LNG, core components, new materials and high-end equipment
Sep 08, 2023 03:59 AM

Hong Kong’s Investment Arm Set to Start Funding Projects by Year-End
Chief Executive John Lee’s $7.91 billion HKIC plans to focus on fintech, AI, biotech and high-end manufacturing while promoting virtual assets
Sep 08, 2023 03:56 AM

China Extends Gold Buying Spree to 10th Month
Central Bank expands holdings to 69.62 million ounces as part of efforts to reduce reliance on the U.S. dollar