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

Jan 16, 2024 05:34 AM

Three Executives Fined $93 Million by CSRC for Manipulating Stock Price
Company chairmen colluded to inflate JT Automation’s share price and cash in, illegally pocketing $9 million, CSRC reports
Jan 15, 2024 20:01 PM

Exclusive: Guotai Junan Securities to Promote New President
Li Junjie, a vice president at the state-owned brokerage, is set to replace Wang Song, who is retiring after more than eight years in the position
Jan 15, 2024 19:44 PM

Financial Illiteracy Guides China’s Caution on Digital Assets, Professor Says
Regulators worry that retail investors will take on excessive leverage and risk once they gain access to the novel products, Tsinghua University’s Zhang Xiaoyan says
Jan 15, 2024 15:03 PM

Shanghai Composite Index Rose 0.15% on Monday
Shenzhen Component Index closed down 0.36%
Jan 13, 2024 06:56 AM

China to Build Search Platform for Consumer Financial Products
New mechanism announced to protect the interests of financial customers amid growing concerns at tech companies teaming up with banks
Jan 12, 2024 06:00 AM

Top Securities Regulator Voices Supports to Companies’ Overseas Listing
Some 86 Chinese companies have completed regulatory registration to sell shares in either Hong Kong or the U.S., including some with a variable interest entity structure
Jan 12, 2024 05:56 AM

Former China Development Bank VP Wang Yongsheng Arrested for Bribery
Wang received money and gifts from private businesses in exchange for help in easing finance and bond subscriptions, corruption watchdog says
Jan 12, 2024 04:21 AM

Citadel Securities Bids for Credit Suisse’s China Venture
UBS’sale will face delay as Credit Suisse’s joint-venture buyout is still awaiting approval by Chinese regulators
Jan 11, 2024 15:03 PM

Shanghai Composite Index Rose 0.31% on Thursday
Shenzhen Component Index closed up 1.47%
Jan 11, 2024 07:35 AM

Hong Kong Prepares to Launch First Spot Crypto ETFs in Asia
Ten fund management companies eager to start trading ETFs but regulation uncertainties mean launch could take three to six months, says industry insider
Jan 10, 2024 20:27 PM

Former China Central Bank Deputy Governor Abused Power for 30 Years
Veteran banker Fan Yifei took advantage of financial market rules and traded influence for bribes, a CCTV anti-graft docuseries reveals
Jan 10, 2024 15:03 PM

Shanghai Composite Index Fell 0.54% on Wednesday
Shenzhen Component Index closed down 0.55%
Jan 10, 2024 05:18 AM

Hong Kong IPOs Expected to Rebound to $12.8 Billion in 2024
Three of the top four global accounting firms predict an IPO comeback for Hong Kong in 2024. Reclaiming its position in the top five bourses
Jan 10, 2024 05:10 AM

PBOC Added $70 Billion Cheap Credit in 2023 to Fund Housing, Infrastructure
Relaunch of the PSL program suggests Beijing is relying on the policy banks to left China out of deepening property crisis
Jan 09, 2024 15:03 PM

Shanghai Composite Index Rose 0.2% on Tuesday
Shenzhen Component Index closed up 0.27%
Jan 08, 2024 15:03 PM

Shanghai Composite Index Fell 1.42% on Monday
Shenzhen Component Index closed down 1.85%
Jan 06, 2024 19:10 PM

China Urges Banks to Provide More Support for Construction of Rental Properties
Central bank and the National Financial Regulatory Administration made the call with the aim of increasing supply of commercial and affordable rentals
Jan 06, 2024 05:24 AM

Troubled Investment Giant Zhongzhi Files for Bankruptcy Liquidation
China’s largest wealth manager admits, as liquidity has dried up, its assets are insufficient to cover all liabilities and it lacks the ability to repay debts
Jan 06, 2024 04:47 AM

China Tightens Scrutiny of LGFVs Offshore Borrowings
Regulators are trying to restrict local governments raising finance by selling bonds overseas as higher costs increase their debt repayment risks
Jan 05, 2024 20:13 PM

Year in Review: China’s Fight to Regain Its Early Stock Market Mojo
A surge in share prices at the beginning of 2023 didn’t last as investors quickly lost confidence in an economic recovery that failed to live up to expectations