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

Jan 05, 2024 20:00 PM

Regulator Denies Quant Trading to End on Futures Market
Rumor spread along with speculation that exchanges might adjust their fee rebates in a way that is less favorable to high-frequency traders
Jan 05, 2024 15:03 PM

Shanghai Composite Index Fell 0.85% on Friday
Shenzhen Component Index closed down 1.07%
Jan 05, 2024 04:58 AM

Beijing Stock Exchange Lists First Corporate Bond Issued by Sovereign Wealth Fund
Beijing Automotive Group also plans a bond issue on the capital’s bourse following success of Beijing State-Owned Assets Management’s issuance
Jan 04, 2024 15:03 PM

Shanghai Composite Index Fell 0.43% on Thursday
Shenzhen Component Index closed down 1.24%
Jan 04, 2024 06:12 AM

New China Life Sets up $1.4 Billion Fund for Property Investments
Leading insurance company joins with CICC to seek long-term investments in companies with real estate assets
Jan 03, 2024 15:03 PM

Shanghai Composite Index Rose 0.17% on Wednesday
Shenzhen Component Index closed down 0.75%
Jan 03, 2024 06:26 AM

Evergrande’s EV Unit Says Share Sale with Dubai Automaker Lapses
Electric-vehicle maker loses lifeline to keep it afloat, but negotiations continue in the hope strategic investment can still be salvaged
Dec 30, 2023 05:12 AM

People’s Bank of China Fines Businesses for Refusing to Accept Cash
Central bank fines show that while smartphone payments may dominate, there is still a need to protect cash transactions
Dec 29, 2023 20:52 PM

Former Vice Head of Banking Regulator Given Suspended Death Sentence in $80 Million Bribery Case
Cai Esheng admitted accepting the amount over a 15-year period, including during his retirement, a court in Jiangsu announces
Dec 29, 2023 20:24 PM

China Is Making Payments More Convenient for Foreigners, Central Bank Official Says
Paying with international bank cards, and using platforms like Alipay and WeChat Pay have been becoming easier, Zhang Qingsong says
Dec 29, 2023 15:03 PM

Shanghai Composite Index Rose 0.68% on Friday
Shenzhen Component Index closed up 0.89%
Dec 28, 2023 20:44 PM

Ex-Central Bank Official in China Sentenced to Prison for Leaking State Secrets
Sun Guofeng also took bribes and engaged in insider trading, the country’s top prosecutor says
Dec 28, 2023 20:27 PM

Exclusive: Former Citic Bank Chair Penalized for Wrongdoing, Sources Say
Li Qingping has had her official rank downgraded post-retirement, possibly for promoting problematic executives
Dec 28, 2023 20:04 PM

In Depth: Why China Wants Brokerages to Merge and Why It Won’t Be Easy
Expectations are growing for a wave of M&A after the country’s top leaders vowed to foster ‘first-class’ investment banks, but the industry faces a series of headwinds
Dec 28, 2023 15:03 PM

Shanghai Composite Index Rose 1.38% on Thursday
Shenzhen Component Index closed up 2.71%
Dec 28, 2023 03:42 AM

Hong Kong Mulls Licensing Regime for Stablecoin Issuance
HKMA is seeking public views to help develop a regulatory framework for issuers of cryptocurrencies pegged to existing currencies or commodities
Dec 28, 2023 03:19 AM

Ex-Boss of New China Life Receives 6.5-Year Jail Term for Bribery
Ex-chairman of state-owned insurers exploited his position to seek benefits for others in exchange for bribes, court rules
Dec 27, 2023 15:03 PM

Shanghai Composite Index Rose 0.54% on Wednesday
Shenzhen Component Index closed up 0.38%
Dec 27, 2023 07:12 AM

China Appoints Lu Lei as Deputy Central Bank Governor
Veteran financial regulator to oversee research bureau, currency bureau, among others
Dec 27, 2023 03:39 AM

Scandal-Plagued Amethystum Says Controlling Shareholder Detained
Former Chairman Zheng Mu charged with securities fraud in connection with 2020 IPO