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

Jun 10, 2023 04:10 AM

Ex-PBOC Deputy Governor Kicked Out of Communist Party
Fan Yifei, arrested last November by graft busters, accused of accepting a ‘huge amount’ of bribes and abusing power ‘over a long period of time’
Jun 09, 2023 20:19 PM

In Depth: China Grapples With Hangover From Consumer Lending Boom
The banking regulator has expanded a pilot program for disposal of nonperforming personal loans, allowing hundreds of financial institutions to offload their bad debt
Jun 09, 2023 05:17 AM

Ping An Bank Passes the Torch to a New President
Banking veteran Ji Guangheng succeeds retiring Hu Yuefei, who was president of the banking unit of Ping An Insurance since 2016
Jun 09, 2023 03:46 AM

China Moves to Set Up Shanghai International Reinsurance Market
Shanghai Insurance Exchange named to lead the project in implementation rules issued by the National Administration of Financial Regulation and the Shanghai government
Jun 08, 2023 15:03 PM

Shanghai Composite Index Rose 0.49% on Thursday
Shenzhen Component Index closed up 0.13%
Jun 08, 2023 04:31 AM

Chinese Banks Mull Further Deposit Rate Cuts to Ease Margin Pressures
Lower interest rates paid to depositors will enable financial institutions to reduce charges for loans and help bolster the economy
Jun 07, 2023 20:00 PM

Wanda Unit Seeking Hong Kong IPO Asked to Explain Its Business
China’s securities regulator asks Zhuhai Wanda for information on its transactions with shareholders and its safeguards against financial misconduct
Jun 07, 2023 15:03 PM

Shanghai Composite Index Rose 0.08% on Wednesday
Shenzhen Component Index closed down 0.6%
Jun 06, 2023 19:35 PM

Registrations for Private Fund Managers Nosedive After New Rules Take Effect
Two companies got registered in May, down from 139 the previous month, as new Chinese regulations went into force
Jun 06, 2023 15:03 PM

Shanghai Composite Index Fell 1.15% on Tuesday
Shenzhen Component Index closed down 1.58%
Jun 05, 2023 20:56 PM

Chinese Debt Collector Suspends Business After Police Raids
Hunan Yongxiong Asset Management decides to prepare for a ‘worst-case’ scenario after 179 employees were taken away
Jun 05, 2023 15:03 PM

Shanghai Composite Index Rose 0.07% on Monday
Shenzhen Component Index closed down 0.47%
Jun 03, 2023 04:11 AM

Another China Development Bank Ex-Official Comes Under Probe
Graft busters focus on Mao Juncai, former president of top policy lender’s Shanghai branch, adding to a long list of scandals
Jun 02, 2023 19:54 PM

Warburg Pincus Takes Stake in Shanghai Mutual Fund Manager
U.S. private equity giant buys 23.3% holding in Lombarda China Fund Management as foreign asset managers pile into $3.8 trillion market
Jun 02, 2023 15:03 PM

Shanghai Composite Index Rose 0.79% on Friday
Shenzhen Component Index closed up 1.5%
Jun 02, 2023 05:47 AM

Exclusive: CSC Financial Executive Steps Down Amid Inquiries
Li Geping, CSC general manager, taken away May 29 by authorities, who may be investigating matters related to his tenure as a financial regulator, Caixin learned
Jun 01, 2023 20:42 PM

China Evergrande Unit Misses Payments on Wealth Management Products
A subsidiary of the debt-stricken developer says it didn’t have enough cash to repay investors
Jun 01, 2023 03:39 AM

BRICS-Backed New Development Bank Issues Record $1.2 Billion of Panda Bonds
Yuan-denominated borrowings on China bond market will support international lender’s infrastructure and sustainable development projects
Jun 01, 2023 03:20 AM

China Moves Forward With Plan for Shanghai International Reinsurance Market
Financial regulatory agency issues detailed implementation rules for reinsurance exchange to be built in Lingang New Area
May 31, 2023 20:52 PM

In Depth: China’s Proposed New Curbs on Private Securities Funds Spark Controversy
Draft rules tightening control of fundraising, investment and management have triggered concerns they will constrain securities funds’ freedom to execute their investment strategies