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

May 30, 2023 20:58 PM

Morgan Stanley Gets Nod to Open China Futures Business
The unit will be the second wholly foreign-owned company operating in a market that generated a turnover of $80 trillion last year
May 30, 2023 15:03 PM

Shanghai Composite Index Rose 0.09% on Tuesday
Shenzhen Component Index closed up 0.44%
May 29, 2023 19:42 PM

Disappointing Returns Cool China’s Infrastructure REIT Craze
The publicly offered trusts have fallen out of favor as performance waned, with the CSI REITs (closing) Index hitting a record low on Friday
May 29, 2023 19:28 PM

Fallen Tomorrow Holding’s Trust Firm Declared Bankrupt
A court in Southwest China ruled that New China Trust’s assets weren’t able to cover all of its liabilities
May 29, 2023 15:03 PM

Shanghai Composite Index Rose 0.28% on Monday
Shenzhen Component Index closed down 0.8%
May 27, 2023 04:21 AM

Sichuan Trust Reports Slow Progress in Unwinding Risky Investments
Three years after notorious $2.9 billion default and seizure by authorities, trust designates top restructuring parties and says it’s still working on disposal plans
May 26, 2023 15:03 PM

Shanghai Composite Index Rose 0.35% on Friday
Shenzhen Component Index closed up 0.12%
May 26, 2023 03:48 AM

BYD Insurance Debuts After Takeover of Tomorrow Holdings’ E An
Electric-car giant plans to rapidly build the new unit into a new-energy vehicle insurance business
May 25, 2023 15:03 PM

Shanghai Composite Index Fell 0.11% on Thursday
Shenzhen Component Index closed down 0.22%
May 25, 2023 07:11 AM

Creditor Files to Force Jinke Into Bankruptcy Reorganization
Cash-strapped property developer failed to pay $3.96 million, supplier Chongqing Hengrui Construction says in court document
May 25, 2023 04:00 AM

Kunming Scrambles to Pay Off $170 Million of Financing Vehicle Debt
Last-minute fundraising this week to cover bond repayments sheds light on local government financial woes amid concerns about China’s $10 trillion hidden debt problem
May 24, 2023 21:20 PM

Five Things to Know About Chinese Trust Firms’ Scramble to Offload Risky Assets
The industry, long a source of shadowy funding for property developers, faces a reckoning now that the real estate industry is in crisis
May 24, 2023 15:03 PM

Shanghai Composite Index Fell 1.28% on Wednesday
Shenzhen Component Index closed down 0.84%
May 24, 2023 03:47 AM

Jilin Province Trust’s Former Chairman Sentenced to 14 Years in Prison
Conviction of Tai Ge on corruption charges extends the trust’s scandal streak to include four of its chairmen since 2001
May 24, 2023 02:54 AM

Wanda Bonds Sink Amid Concerns on Repayment and Fate of Unit’s IPO
Bond prices are falling as investors worry about how the property-to-entertainment group will fund maturing debt, especially if the Hong Kong share sale of Zhuhai Wanda is scrapped
May 23, 2023 15:03 PM

Shanghai Composite Index Fell 1.52% on Tuesday
Shenzhen Component Index closed down 1.03%
May 22, 2023 20:45 PM

China Upgrades Cross-Border Funds Pilot for Multinationals
Beijing is giving certain companies greater freedom under the program, which facilitates pooling yuan and foreign currencies
May 22, 2023 15:03 PM

Shanghai Composite Index Rose 0.39% on Monday
Shenzhen Component Index closed up 0.32%
May 22, 2023 13:22 PM

Three Things to Know About China’s New Financial Commissions
Two new commissions under the supervision of the ruling Communist Party have kept a low profile. Here’s what we know so far
May 22, 2023 04:20 AM

Cover Story: China’s Effort to Move Mountain of ‘Hidden Debt’ Faces Uphill Climb
Local governments’ invisible debt could be as high as almost $10 trillion, double Japan’s GDP, posing a risk of destabilizing the banking and financial sector