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

Nov 10, 2023 18:29 PM

U.S. Subsidiary of China’s Largest Bank Hit by Ransomware Attack
The systems of the ICBC head office and other affiliated institutions are not affected by the incident, the unit says
Nov 10, 2023 04:24 AM

Hillhouse Capital Under Investigation Over Share Transfers
Solar panel maker LONGi Green Energy reports CSRC probe as Hillhouse’s HHLR may have trimmed its stake without complying with disclosure rules
Nov 09, 2023 17:04 PM

China Health Care Stocks on Road to Recovery After $142 Billion Rout
Hong Kong gauge of the shares, dominated by Chinese companies, rallied 14% in the past month, as the worst of a government crackdown on the sector appears to be over
Nov 09, 2023 15:03 PM

Shanghai Composite Index Ended Nearly Flat on Thursday
Shenzhen Component Index closed down 0.2%
Nov 08, 2023 15:03 PM

Shanghai Composite Index Fell 0.16% on Wednesday
Shenzhen Component Index finished nearly flat
Nov 08, 2023 07:24 AM

Veteran Securities Regulator Expelled From Communist Party
Zhu Congjiu, former vice governor of Zhejiang province, was ‘extremely greedy’ and accepted bribes and abused his power, investigators say
Nov 07, 2023 17:37 PM

He Lifeng Is Running China’s Two Top New Financial Overseers
Vice premier serves as director of the general office of the central financial commission and secretary of the central financial work commission, state media reveals
Nov 07, 2023 07:07 AM

In Depth: China’s Ambition to Build a Financial Powerhouse
Top-level conference puts Communist Party front and center as China takes on slowing growth, rising government debt and slumping property and stock markets
Nov 06, 2023 20:10 PM

Chart of the Day: China Basic Pension Funds’ Record-Low Returns
The National Council for Social Security Fund pins the paltry return rate on capital market routs at home and abroad
Nov 06, 2023 15:03 PM

Shanghai Composite Index Rose 0.91% on Monday
Shenzhen Component Index closed up 2.21%
Nov 04, 2023 19:34 PM

Former ICBC Vice President Under Investigation for Suspected Corruption
Zhang Hongli has extensive international experience, having also worked for Goldman Sachs and Deutsch Bank
Nov 04, 2023 19:02 PM

Cross-Border Central Bank Digital Currency Trial Adopts Blockchain to Protect Privacy
In the experimental system, all sensitive data are protected by the technology, says a Chinese official
Nov 04, 2023 06:04 AM

Central Bank Vows to Bolster Real Economy Through Efficient Lending
In response to policy calls from the Central Financial Work Conference, PBOC says it will maintain stable monetary policy and exchange rates
Nov 04, 2023 05:46 AM

Tweaks to Beijing Stock Exchange Set Off IPO Boom
Revisions to rules targeting small and medium-sized enterprises fuel investor enthusiasm even as China’s other stock markets stagnate
Nov 03, 2023 15:03 PM

Shanghai Composite Index Rose 0.71% on Friday
Shenzhen Component Index closed up 1.22%
Nov 03, 2023 03:41 AM

China Cuts Capital Requirements for Mortgage Lending
Top financial regulator issues final rules for capital management of commercial banks, easing some requirements from draft rules issued in February
Nov 02, 2023 15:03 PM

Shanghai Composite Index Fell 0.45% on Thursday
Shenzhen Component Index closed down 0.94%
Nov 02, 2023 05:59 AM

Chinese Local Governments Rush to Launch Infrastructure Projects to Utilize $137 Billion Sovereign Bond
Hebei to rebuild flood-damaged roads and bridges; analysts say central government aims to ease fiscal pressure on heavily-indebted local authorities
Nov 02, 2023 05:41 AM

China’s State Financial Assets Expands 66% in Five Years, Report Shows
State-owned financial firms held 27.6 trillion yuan in equity capital at end of 2022, Finance Ministry reports; total assets rise to 400.8 trillion yuan in 2022 from 241 trillion yuan in 2017
Nov 01, 2023 20:08 PM

Communist Party Cadres Told to Steer Clear of Private Equity
Anti-graft watchdog advises officials holding positions above a certain level that such investments can lead to corruption