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

Dec 01, 2023 04:49 AM

Gemdale Steps up Asset Divestiture as Debt Woe Looms
Troubled developer faces more than 10 billion yuan of maturing debt; doubts about financial stability grow as sales drop, liquidity dries up
Nov 30, 2023 15:03 PM

Shanghai Composite Index Rose 0.26% on Thursday
Shenzhen Component Index closed down 0.18%
Nov 30, 2023 05:39 AM

China Life and NCI Join Hands in $7 Billion Fund for Stock Investments
New fund to make long-term investments in listed shares; analysts say insurers responding to central government call to bolster flagging stock market
Nov 29, 2023 15:03 PM

Shanghai Composite Index Fell 0.56% on Wednesday
Shenzhen Component Index closed down 0.91%
Nov 29, 2023 04:52 AM

China’s Bank of Communications Added to Global Too-Big-to-Fail Banks List
Designation means bank must hold 1% additional capital; Bank of Communications is fifth Chinese bank on list; FSB says bank’s failure would trigger wider financial crisis
Nov 28, 2023 21:12 PM

Exclusive: Zhongzhi Vice President Xie Among Those Probed Over Group’s Collapse
Beijing police are investigating Xie Zizheng and senior staff in four wealth management affiliates as a shortfall of up to 260 billion yuan was revealed, sources say
Nov 28, 2023 06:46 AM

Multiple Former ICBC Executives Under Corruption Probe
Cong Lin and An Liyan, former heads of ICBC’s Hong Kong-based investment banking unit, in corruption inquiry; several other former ICBC executives likely under investigation
Nov 27, 2023 15:03 PM

Shanghai Composite Index Fell 0.3% on Monday
Shenzhen Component Index closed down 0.55%
Nov 25, 2023 18:41 PM

China Fund Industry Group Toughens Rules on Managers
The self-regulatory body Asset Management Association of China issued rules to bolster compliance and protect investors’ interests
Nov 25, 2023 06:38 AM

China’s Regulator Probes Private Funds Over Multi-layered Investment Scheme
Chinasoft New Momentum Asset Management Co. Ltd., series of funds under investigation; inquiry into false information disclosure, possible criminal behavior
Nov 24, 2023 21:19 PM

China Names New Forex Chief Amid Leadership Reshuffle at Top Financial Regulators
Zhu Hexin succeeds Pan Gongsheng as head of the State Administration of Foreign Exchange’s Communist Party group
Nov 24, 2023 15:03 PM

Shanghai Composite Index Fell 0.68% on Friday
Shenzhen Component Index closed down 0.94%
Nov 24, 2023 04:31 AM

Chinese Property Stocks Climb on Hope of Further Support
Property shares advance after reports that regulators ordered financial firms to meet reasonable funding needs of developers and are drafting a white list
Nov 24, 2023 03:26 AM

Cabinet Vows Support to SMEs Traded on Beijing Bourse
State Council urges banks to boost lending to small and medium-sized businesses; cabinet aims to promote Beijing financial services, business on Beijing stock exchange
Nov 23, 2023 20:57 PM

China’s Innovative Startups, Tech Firms Need More Financial Help, Regulators Say
Monday’s meeting also calls for better information-sharing to improve understanding of technology
Nov 23, 2023 20:19 PM

Financial Sector Has Potential to Better Serve China’s Real Economy, Lawmakers Say
There is still much room for the industry to sacrifice profits for the sake of the real economy, a statement from the national legislature says
Nov 23, 2023 15:03 PM

Shanghai Composite Index Rose 0.6% on Thursday
Shenzhen Component Index closed up 0.78%
Nov 23, 2023 04:24 AM

Zhongzhi Declares Itself ‘Severely Insolvent’ as Debt Soars to $65 Billion
Audit shows debt of 420-460 billion yuan, double its assets of 200 billion yuan; conglomerate sees significant risk to ongoing operations
Nov 22, 2023 15:03 PM

Shanghai Composite Index Fell 0.79% on Wednesday
Shenzhen Component Index closed down 1.41%
Nov 22, 2023 05:18 AM

Wanda Unit Seeks Extension for $600 Million Dollar Bonds
Property manager seeing liquidity squeeze amid ongoing market downturn; Wanda’s move raises questions about the rest of its offshore debt