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

Feb 29, 2024 05:35 AM

Securities Watchdog Tells Quant Funds to Downsize Popular Strategy
The CSRC has acted to reduce the leverage of Direct Market Access to help ensure stability in market operations
Feb 28, 2024 19:56 PM

In Depth: Behind the Suicide of Leading Figure in Shady Fundraising Practice
Yu Lei made over 1 billion yuan helping state-backed firms issue bonds through ‘structured issuances,’ before losing much of it when his business partners betrayed him
Feb 28, 2024 15:03 PM

Shanghai Composite Index Fell 1.91% on Wednesday
Shenzhen Component Index closed down 2.4%
Feb 28, 2024 05:57 AM

China’s Mortgage Rates Fall to Lowest Level Since 2008
Think tank report concludes that further cuts in mortgage rates and other supportive polices are needed to stimulate demand in the property market
Feb 27, 2024 19:57 PM

In Depth: China Intensifies Efforts to Curb Risk in Troubled Trust Sector
As well as increasing the focus on risk control and services such as wealth management, new regulations aim to discourage trusts from acting as conduits for shady investments
Feb 27, 2024 15:03 PM

Shanghai Composite Index Rose 1.29% on Tuesday
Shenzhen Component Index closed up 2.24%
Feb 27, 2024 05:47 AM

China’s Sovereign Wealth Fund CIC Names New General Manager
Liu Haoling, an expert in equity investments, takes the helm at the world’s largest sovereign wealth fund
Feb 27, 2024 05:43 AM

Ant Group Outbids Citadel Securities for Credit Suisse’s China JV
Credit Suisse’s owners may prefer to opt for lower offer as Ant Group bid has yet to win regulatory approval
Feb 26, 2024 21:30 PM

China Insurers’ Return Rate Plumbs 15-Year Low
Insurance firms’ investments yielded 2.23% last year, down 1.53 percentage points from 2022
Feb 26, 2024 21:20 PM

Post-Holiday Lull Continues in Chinese IPO Market
After a subdued first week back after the Lunar New Year break, there are still no scheduled listings and no applicants cleared for stock exchanges’ review
Feb 24, 2024 05:50 AM

China’s Securities Regulator Promises Strict Crackdown on Financial Fraud
The cost of breaking the law will get higher and higher, says CSRC’s enforcement bureau chief as listed companies come under tight scrutiny
Feb 23, 2024 20:51 PM

In Depth: China Quant Funds in Firing Line Over Stock Market Volatility
Regulators flag concern that sophisticated computer modeling used by some investors is fueling volatility in equity markets
Feb 23, 2024 15:03 PM

Shanghai Composite Index Rose 0.55% on Friday
Shenzhen Component Index closed up 0.28%
Feb 23, 2024 05:53 AM

Shandong AMC Takes Over Hengfeng Bank
The move comes four years after the scandal-hit bank received a state-backed bailout
Feb 23, 2024 03:59 AM

Crackdown on Abnormal Trading Does Not Restrict Selling, Says China’s Securities Watchdog
CSRC creates task force to monitor short selling as part of move to stamp out illegal behaviors that disrupt the market
Feb 22, 2024 18:55 PM

In Depth: Caught Between Beijing and Washington, PE Majors Split China-U.S. Teams
Congressional investigation into links with sensitive industries in China prompts investment companies to divide their funds into separate businesses
Feb 22, 2024 15:03 PM

Shanghai Composite Index Rose 1.27% on Thursday
Shenzhen Component Index closed up 0.76%
Feb 22, 2024 05:26 AM

HSBC Takes $3 Billion Charge on BoCom Holdings
Bank chief says write-down was a ‘technical accounting adjustment’ and HSBC continued to have strong confidence in the China economy
Feb 21, 2024 18:23 PM

Chinese Finance Veteran to Join World Bank Leadership
Export-Import Bank of China Vice President Zhang Wencai will become the Washington-based institution’s managing director and chief administrative officer
Feb 21, 2024 15:03 PM

Shanghai Composite Index Rose 0.97% on Wednesday
Shenzhen Component Index closed up 0.79%