China Financial News and Headlines: stock markets, securities, banking and funds Page 18

Nov 21, 2019 03:47 AM

Shanghai-Deutsche Stock Connect Program Advances
By Zhang Yu and Denise Jia
German-China market joint venture promotes plan for cross-listing of depositary receipts in Shanghai and Frankfurt, co-CEO says at finance forum
Nov 20, 2019 20:42 PM

China Trims Key Lending Rates to Support Economy
By Guo Yingzhe and Peng Qinqin
Five-year national LPR edges down to 4.8% in first cut since August’s benchmark interest-rate overhaul
Nov 19, 2019 20:26 PM

Regulators Name and Shame Banks Violating Loan Rules
By Guo Yingzhe and Wu Xiaomeng
China Construction Bank, Ping An Bank singled out by State Council for forcing small borrowers to buy insurance
Nov 19, 2019 20:13 PM

Securities Regulator Accuses Kangde Xin of Inflating Overseas Sales
By Wang Juanjuan and Timmy Shen
The notorious manufacturer of composite materials disputes the accusation, saying the CSRC failed to do its homework
Nov 19, 2019 06:00 AM

China Cuts 7-Day Reverse Repo Rate for First Time Since 2015
By Peng Qinqin and Denise Jia
Moving to bolster slowing economy amid inflation pressures, PBOC also injects $25.68 billion into the monetary system as economists now project further rate cuts
Nov 18, 2019 21:16 PM

Regulator Unlocks Unlisted Shares of Hong Kong-Listed Mainland Firms
By Zhang Yu and Guo Yingzhe
Shareholders given the ability to sell restricted equity to the public
Nov 18, 2019 20:41 PM

China Battles Wave of Online Criminal Activity
By Zhang Yuzhe and Timmy Shen
‘Internet Cleanup 2019’ campaign roots out 46,000 cases, leads to arrest of nearly 66,000 suspects, ministry says
Nov 16, 2019 06:06 AM

Regulator Takes Over Brokerage Unit of CEFC China
By Liu Caiping and Denise Jia
CEFC Shanghai Securities acted as ATM for embattled energy conglomerate’s expansion, CSRC says in ordering administrative liquidation over the next 12 months
Nov 16, 2019 03:22 AM

In Depth: The Rise and Fall of Asian Twin Cities
By Wei Yiyang and Denise Jia
As unrest in Hong Kong causes jitters, wealthy Asians start moving their money to Singapore, which is increasingly friendly but takes no glee from rival center’s woes
Nov 15, 2019 19:48 PM

Ping An’s Money-Losing Fintech Unicorn Eyes U.S. IPO
By Lin Jinbing and Hu Yue
OneConnect’s net loss has continued to widen this year, but as a share of revenue, it has been shrinking since 2017
Nov 14, 2019 18:18 PM

Beijing Sets Up Second ‘Bad Bank’ in Partnership With JD.com
By Wu Xiaomeng and Han Wei
Municipal government founds Beijing Asset Management Co. to clean up bad assets held at the local level
Nov 13, 2019 20:20 PM

China Steps Up Fight Against Money Laundering
By Peng Qinqin and Guo Yingzhe
Central bank fines for rule violations jumped 41% in 2018, new report shows
Nov 13, 2019 16:33 PM

Hong Kong Stocks Slump as Bulls Scatter Amid Widening Protests
Swings in stocks become more extreme, with traders rushing to buy volatility
Nov 13, 2019 07:29 AM

Top Bank Regulators Move to Defuse Jitters After Two Bank Runs
By Wu Xiaomeng, Wu Hongyuran and Han Wei
China’s $40 trillion banking system rattled by series of crises at small and rural institutions as cooling economy raises concerns about liquidity and risks
Nov 13, 2019 06:31 AM

Exclusive: Chinese Online Car Loan Platform Raided by Police
By Liang Hong and Denise Jia
After filing for U.S. IPO, mlcjr.com operator Huachang Finance becomes the third online lending company to be raided by police in the past month
Nov 13, 2019 03:51 AM

China’s Troubled Banks Get a Lifeline From Local Governments

Small banks raise money by selling shares packaged with nonperforming loans, in some cases to buyers controlled by local authorities
Nov 12, 2019 21:09 PM

Speculative Nature of Bitcoin Highlights Role for IMF-Backed Digital Currency, Ex-Central Banker Says
By Guo Yingzhe
Special Drawing Rights could provide the necessary asset backing for a digital currency, Jean-Claude Trichet tells Caixin Summit
Nov 12, 2019 06:46 AM

October Credit Slump Underscores Weak Corporate Demand
By Peng Qinqin and Han Wei
Growth was slowest in two years and may force regulators to take further easing measures as economic growth cools
Nov 12, 2019 04:30 AM

Cash-Strapped Chinese Firms May Have Easier Time Selling Stock

Securities regulator proposes to relax controls on secondary offerings as government sets up capital markets to offset slowdown
Nov 11, 2019 20:49 PM

Banking Regulator Denies Sweeping Plan to Force Mergers
By Wu Hongyuran and Guo Yingzhe
Vice Chairman Zhou Liang says there will be no 'one-size-fits-all' approach but adds regulator will instruct some small banks to pull out from interbank and interregional business