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

Nov 21, 2023 17:34 PM

Premier Li Takes Helm of China’s Top Financial Regulator
The Central Financial Commission is responsible for top-level design, coordination and supervision of the sector
Nov 21, 2023 15:03 PM

Shanghai Composite Index Ended Nearly Flat on Tuesday
Shenzhen Component Index closed down 0.26%
Nov 20, 2023 20:24 PM

Mastercard Gets Go-Ahead to Get Into China’s Trillion-Dollar Bank Card Clearing Business
The approval makes a Chinese joint venture of the U.S. credit card processing giant the second foreign-funded company to be granted such a clearing license in the country
Nov 20, 2023 15:03 PM

Shanghai Composite Index Rose 0.46% on Monday
Shenzhen Component Index closed up 0.43%
Nov 18, 2023 18:43 PM

Ex-VP of China Development Bank Booted From Party for ‘Rampant Abuse’ of Power
A six-month anti-graft probe found that Zhou Qingyu had accepted gifts and money on a 'large scale' and intervened in the issuance of loans at nation’s largest policy lender
Nov 17, 2023 20:35 PM

China to Strengthen Oversight of Data Security at Accounting Firms
Draft rules stipulate auditors may have to go through additional cybersecurity reviews for work that involves national security
Nov 16, 2023 15:03 PM

Shanghai Composite Index Fell 0.71% on Thursday
Shenzhen Component Index closed down 1.23%
Nov 15, 2023 06:11 AM

Former Senior CSRC Official Probed by Graft Busters
An Qingson, in custody of authorities since Nov. 7, suspected of corruption, Central Commission for Discipline Inspection says
Nov 15, 2023 04:20 AM

Central Bank Pushes Fintech Companies to Jump Into Credit Rating
China’s jumbled credit rating industry needs to consolidate and expand abroad, the PBOC argues in an opinion article following the Central Financial Work Conference
Nov 14, 2023 20:38 PM

In Depth: Chinese Consumers Deluged With Cheap Loans
Banks are undercutting each other amid the government’s calls to support consumption and economic growth
Nov 14, 2023 16:09 PM

Top Securities Firms CICC, China Galaxy Deny Merger Rumor
Both say they haven’t received any information about a tie-up from the government or controlling shareholders
Nov 14, 2023 15:03 PM

Shanghai Composite Index Rose 0.31% on Tuesday
Shenzhen Component Index closed up 0.17%
Nov 14, 2023 04:25 AM

Government Borrowings Boosted China’s Credit Growth in October
New loans rise 17%, beating estimates, even as households borrow less amid the protracted housing market slump
Nov 13, 2023 18:03 PM

Former China Securities Regulatory Official Expelled From Communist Party for Alleged Bribery
Yang Chunlei became the target of a probe when her husband Cong Lin, former president of investment bank China Renaissance, came under investigation last year
Nov 13, 2023 15:03 PM

Shanghai Composite Index Rose 0.25% on Monday
Shenzhen Component Index closed up 0.1%
Nov 13, 2023 03:53 AM

Cover Story: Charles Li’s Micro Connect Sells New Financing Model to China’s Small Businesses
Borrowers must pledge percentages of sales to repay debt
Nov 11, 2023 04:47 AM

Former Head of Citic Bank Gets Death Sentence for Bribery
Sun Deshun, who was convicted of accepting $137 million in bribes over 16 years, was given a two-year reprieve after which the sentence will be reduced to life in prison
Nov 11, 2023 04:34 AM

China Eases Rules for Foreign Investors in Stocks and Derivatives
Draft regulations would drop registration and currency conversion requirements as part of efforts to make Chinese markets more attractive for investors
Nov 10, 2023 20:56 PM

Caixin Summit: Yuan Wins More Overseas Favor as Financing Currency Due to Lower Costs, Economist Says
High interest rates in developed economies are driving the broader use of the redback, Standard Chartered economist Becky Liu says
Nov 10, 2023 19:16 PM

Ex-President of China Merchants Bank Admits Taking $30 Million in Bribes
Former star banker Tian Huiyu pleads guilty to charges of multiple crimes, including insider trading