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

Mar 18, 2024 20:15 PM

WeChat Pay Operator Approved to Raise Registered Capital to 15.3 Billion Yuan
With the increase, Tenpay’s registered capital will be more than 15 times higher than the current 1 billion yuan
Mar 18, 2024 19:43 PM

Police Investigate Zhongzhi Case Suspects’ Illegal Gains to Recoup Investor Losses
Beijing authorities have taken ‘criminal coercive measures,’ which include arrest, detention or residential surveillance, against the suspects
Mar 18, 2024 15:03 PM

Shanghai Composite Index Rose 0.99% on Monday
Shenzhen Component Index closed up 1.46%
Mar 18, 2024 06:35 AM

Cover Story: China’s Challenge to Fill the Multibillion-Dollar Insurance Black Hole
The insurance industry is sliding deeper into trouble, with slow sales, weak investment returns and low interest rates weighing on profits, fueling concerns that some may not be able to pay out maturing policies
Mar 16, 2024 03:36 AM

China Issues Stringent Rules to Tighten Listing Controls and Tackle Financial Fraud
The new rules, designed to increase investors’ confidence, underline the crucial role of intermediate institutions as gatekeepers
Mar 15, 2024 20:08 PM

Exclusive: ICBC Vice President Set to Become Citic Group’s New President
Zhang Wenwu was appointed deputy head of the group’s Communist Party committee, putting him on track to take over the executive role
Mar 15, 2024 16:40 PM

China Drains Cash Via Key Funding Tool for First Time Since 2022
The People’s Bank of China withdraws a net $13 billion from the banking system to avoid excessive liquidity
Mar 15, 2024 15:19 PM

Shanghai Composite Index Rose 0.54% on Friday
Shenzhen Component Index closed up 0.6%
Mar 14, 2024 20:49 PM

China Expands Choice of Hong Kong, Macao Investment Products for Mainlanders
The upgraded cross-border wealth management connect program now includes higher-risk fund products
Mar 14, 2024 15:03 PM

Shanghai Composite Index Fell 0.18% on Thursday
Shenzhen Component Index closed down 0.52%
Mar 14, 2024 04:26 AM

Global PE Market Rides Steepest Drop in 2023, Bain Says
Global slowdown in private equity investment put down to soaring interest rates and shaken confidence but Bain expects dealmaking to revive in 2024
Mar 13, 2024 17:41 PM

Former Policy Bank Executive Caught in Anti-Corruption Dragnet
Li Jiping, a retired China Development Bank executive vice president, is suspected of ‘serious violations of discipline and law’
Mar 13, 2024 15:46 PM

South Korea to Review Risky Financial Products After China-Tied Losses
A probe found that banks missold China-linked structured products to retail investors who are facing more than $4 billion in losses
Mar 12, 2024 22:02 PM

Exclusive: China Probes Another Central Bank Official Linked to Fallen Businessman
Zhou Pengbo, a director at the PBOC’s Payment and Settlement Department, has been detained by graft busters, sources say
Mar 12, 2024 15:03 PM

Shanghai Composite Index Fell 0.41% on Tuesday
Shenzhen Component Index closed up 0.51%
Mar 12, 2024 05:58 AM

NFRA Seeks to Accelerate New Energy Vehicle Sales by Cutting Loan Down Payments
Financial institutions are also being told to back tech start up so economic recovery can change gear
Mar 12, 2024 02:55 AM

Foshan Allows Developers to Sell New Homes Before Repaying Loans
Without such a move developers’ capital chains can be strangled by an inability to pay, stalling sales and making things worse
Mar 11, 2024 21:26 PM

China’s Private Quant, Bond Funds Outperform Peers as Stock Market Falters
As the Chinese market was slumping for its third-straight year in 2023, these alternatives were bright spots
Mar 11, 2024 20:49 PM

China Pushes Banks, Alipay and WeChat Pay to Be More Foreigner-Friendly
The government urges boosting accessibility of mobile payments, as well as acceptance of cash and foreign bank cards
Mar 11, 2024 18:37 PM

Hong Kong Market Regulator Proposes China Lower Threshold for Stock Connect
Lowering the bar from the current 500,000 yuan to 100,000 yuan will provide more opportunity for mainland investors and raise Hong Kong’s market liquidity, SFC Chairman Tim Lui says