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

Mar 22, 2024 20:54 PM

Bank of America’s Staff Move Piles Pressure on Hong Kong Office Market
The financial institution plans to relocate its non-customer-facing staff to a more out-of-the-way office in the city to save on rent, sources say
Mar 22, 2024 19:07 PM

Analysts Warn of Growing Risks in China’s Bond Bull Market
An increasing amount of short-term money in the market means any rumor can cause volatility, Huatai Securities researchers say
Mar 22, 2024 15:03 PM

Shanghai Composite Index Fell 0.95% on Friday
Shenzhen Component Index closed down 1.21%
Mar 22, 2024 06:24 AM

Ant Group Completes Microloan Business Reshuffle
Separating Huabei and Jiebei is a key part of bringing Ant Group back into line after the abrupt suspension of its $34.5 billion IPO
Mar 22, 2024 04:12 AM

China State-Owned Investment Firm’s 30-Year Bond is Oversubscribed as Investors Queue Up
Ultra-long-term bonds are attracting investors in China as, with interest rates falling, they bear lower risk while offering higher returns
Mar 21, 2024 19:51 PM

China Has Room to Further Cut Reserve Requirement Ratio, PBOC Official Says
Further reducing the RRR would channel more money into the financial system to fuel economic growth
Mar 21, 2024 19:39 PM

U.S. Watchdog Fines Three KPMG China Partners for Audit Violations
The PCAOB says the partners failed to comply with its standards in their 2017 audit of a Chinese education service provider that was later found to have inflated its revenue
Mar 21, 2024 15:03 PM

Shanghai Composite Index Fell 0.08% on Thursday
Shenzhen Component Index closed down 0.36%
Mar 21, 2024 03:55 AM

Hong Kong’s Strategic Enterprise Attraction Plan Secures 19 Additional High-Tech Companies
Some 49 technology sector companies are opening offices in Hong Kong bringing an expected $5 billion in investment and 13,000 jobs, Chief Executive says
Mar 21, 2024 03:39 AM

China Launches Platform to Quickly Solve Financial Consumer Complaints
New platform that allows financial consumers to complain or seek mediation directly with banks and insurance companies received 60,000 on its first day
Mar 20, 2024 20:57 PM

China’s New Loans to Nonbanking Institutions Hit Nine-Year High
Credit jumped by more than 23 times year-on-year in February, with analysts speculating the money could have been used by state-backed investors to prop up the stock market
Mar 20, 2024 19:02 PM

China’s Central Bank Adds New Monetary Policy Advisers
People’s Bank of China has updated its 14-member Monetary Policy Committee with four new names, including securities watchdog chief Wu Qing
Mar 20, 2024 15:03 PM

Shanghai Composite Index Rose 0.55% on Wednesday
Shenzhen Component Index closed up 0.21%
Mar 20, 2024 05:24 AM

Ant Makes International Business Independent in Major Revamp
Chairman says reshuffle aims to promote Ant’s major strategies to advance in artificial intelligence, payment business and international expansion
Mar 20, 2024 04:06 AM

Chinese Banks Launch Innovative Loans Backed by Data Assets
A fresh chapter in the digital economy dawns as the value assigned to the vast quantities of data companies produce is used as the basis for a new type of bank loan
Mar 20, 2024 04:02 AM

Hua Xia Bank Names Qu Gang as New President
Qu Gang will take over the reins at Hua Xia Bank, which has seen frequent leadership changes in recent years
Mar 20, 2024 01:27 AM

China Regulator’s Fraud Bombshell Raises Risks for Evergrande Unit’s Advisers
The CSRC’s disclosure that Hengda falsely inflated its revenue by 564 billion yuan could expose the company’s advisers and auditor to legal action by bondholders
Mar 19, 2024 20:47 PM

Risk Now Determines How Strictly China’s Life Insurers Get Regulated
NFRA’s new rules evaluate companies on six aspects of their business, including solvency management and use of funds
Mar 19, 2024 15:03 PM

Shanghai Composite Index Fell 0.72% on Tuesday
Shenzhen Component Index closed down 0.58%
Mar 19, 2024 03:17 AM

Hong Kong Has Twice as Many Single-Family Offices as Singapore, Survey Reveals
Hong Kong’s more flexible tax policies make it a formidable competitor in private wealth management, says Deloitte