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

Mar 29, 2024 05:48 AM

Indebted Builder China Aoyuan Reports $3.9 Billion Hole in Its Balance Sheet
Developer’s financial stress deepens as property downturn persists
Mar 28, 2024 20:18 PM

Citic Securities Denies Short Selling After Shanghai Stocks Drop Most in a Month
Top brokerage condemns ‘false and untrue information’ that has damaged the company’s reputation
Mar 28, 2024 20:01 PM

Exclusive: China Development Bank Taps Fellow Policy Lender for New Vice President
Chen Mengmeng is head of the Shandong branch of the Agricultural Development Bank of China
Mar 28, 2024 19:49 PM

Exclusive: China Development Bank’s Chongqing Chief Appointed VP of ‘Big Four’ Bank
Li Jianjiang has been tapped to serve as executive vice president of state-owned China Construction Bank, sources tell Caixin
Mar 28, 2024 19:24 PM

HSBC Launches Tokenized Gold Product in Hong Kong
The Gold Token is aimed at retail investors and is part of the government’s drive to build the city into a global virtual assets hub
Mar 28, 2024 18:20 PM

Exclusive: Citic Executive Joins China’s Exim Bank as Vice President, Sources Say
Wang Kang held several roles at state-owned financial conglomerate Citic Group and its subsidiaries, including chief financial officer of Citic Bank
Mar 28, 2024 15:03 PM

Shanghai Composite Index Rose 0.59% on Thursday
Shenzhen Component Index closed up 1.31%
Mar 28, 2024 05:33 AM

Citic Securities Downsizes IPO Team as Business Slows
After years of rapid growth, the investment banking division of China's largest brokerage house
Mar 27, 2024 19:19 PM

China’s Central Bank Appoints New Deputy Governor
PBOC promotes Tao Ling, a veteran official, as its fifth deputy
Mar 27, 2024 21:07 PM

In Depth: China IPO Slowdown Pits Startups Against Investors
As companies miss listing deadlines, they are increasingly becoming mired in disputes with their early-stage investors who want their money back
Mar 27, 2024 20:02 PM

Smaller Chinese Banks Trim Deposit Rates to Protect Profit Margins
One Guangdong province-based bank lowers rate on five-year time deposits to 2.5% from 2.7% as expectations grow for a continued decline in loan rates
Mar 27, 2024 15:03 PM

Shanghai Composite Index Fell 1.26% on Wednesday
Shenzhen Component Index closed down 2.4%
Mar 26, 2024 19:11 PM

Exclusive: Citic Group’s Personnel Shuffle Extends to Venture With Prudential
Chang Ge, head of wealth management at Citic Financial, is set to become general manager of Citic-Prudential Life Insurance
Mar 26, 2024 18:24 PM

Ex-Official of China’s Banking Regulator Hit With Corruption Probe
Another Ex-Financial Regulator Expelled From Communist Party Over Graft Allegations
Mar 26, 2024 15:03 PM

Shanghai Composite Index Rose 0.17% on Tuesday
Shenzhen Component Index closed up 0.28%
Mar 26, 2024 05:10 AM

China Kicks off Cleanup of Local Financial Asset Exchanges
Hunan, Liaoning, Xi'an, and Chongqing shut local exchanges as nationwide clampdown gets under way
Mar 26, 2024 04:50 AM

Exclusive: China Merchants Bank Punishes Two Private Banking Executives, Sources Say
Wang Nan was expelled from the Communist Party and dismissed from his position while Wang Yanrong was moved to a backwater department
Mar 25, 2024 19:36 PM

China’s Personal Pension Funds See Surge in Accounts, but Contributions Lag
More than 50 million people had personal pension accounts at the end of 2023, but only around one-fifth of account holders had actually put money into them as of mid-year
Mar 25, 2024 15:03 PM

Shanghai Composite Index Fell 0.71% on Monday
Shenzhen Component Index closed down 1.49%
Mar 23, 2024 18:57 PM

China Issues New Rules on Investing Dividends of SOE Shares for Security Fund
The dividends, which will be largely managed by the National Council for Social Security Fund, can be invested in bank deposits and government bonds