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

Apr 10, 2024 05:20 AM

SDIC Securities Ousts General Manager as Income Plunges
Shake-up of top management captures market attention as it coincides with a dramatic slump in SDIC Securities’ investment business
Apr 10, 2024 04:07 AM

Police Probe HHSC Capital As Company Declares Insolvency
Capital management company, whose chairman disappeared after failing to repay $4 billion to investors, says it is severely insolvent
Apr 09, 2024 19:31 PM

Update: Hong Kong Regulator Gets First Applications for Spot Bitcoin ETFs, Sources Say
The local units of two mainland mutual fund managers are seeking approval to list exchange-traded funds that track the cryptocurrency’s spot price
Apr 09, 2024 04:45 AM

Hong Kong’s HashKey Launches Global Crypto Trading Platform
Registering the platform in Bermuda is seen as an initial step in Hashkey’s ambitious program for global expansion
Apr 09, 2024 03:58 AM

Hong Kong’s IPO Market Hits a 15-Year Low, but Deloitte Sees Silver Lining Ahead
Slump pushes Hong Kong Stock Exchanges to 10th place but report predicts a rebound later in the year
Apr 08, 2024 19:21 PM

ByteDance to Boost Douyin’s E-Commerce Business With Offline Payment License
The addition will allow the platform to compete with heavyweights like Alipay and Meituan
Apr 08, 2024 15:47 PM

Former ICBC Asset Management Chief Charged With Embezzlement, Bribery
Gu Jiangang used his influence to embezzle ‘huge sums’ from the bank, and to help companies and individuals in return for ‘enormous amounts,’ prosecutors say
Apr 08, 2024 15:03 PM

Shanghai Composite Index Fell 0.72% on Monday
Shenzhen Component Index closed down 1.57%
Apr 08, 2024 07:00 AM

Cover Story: How Billions in Bitcoin Laundered From China Ended Up in British Hands
U.K. authorities have seized $4.3 billion of the cryptocurrency linked to a Chinese company that illegally raised 43.5 billion yuan
Apr 04, 2024 04:50 AM

Chinese Consumers Now Can Pay Zero Down to Buy New Cars
Financial institutions allowed to offer 100% loans on new traditional and new energy cars that are for private use
Apr 03, 2024 19:23 PM

In Depth: Frugality Bites for China’s Cash-Strapped Local Governments
With growth in fiscal revenue set to remain sluggish this year, officials are cutting back on general spending and scrapping some investments
Apr 03, 2024 15:03 PM

Shanghai Composite Index Fell 0.18% on Wednesday
Shenzhen Component Index closed down 0.44%
Apr 03, 2024 13:34 PM

Yuan Pressure Mounting as Green Shoots Fail to Lift China’s Economic Mood
Chinese currency slides to a four-month low onshore against the U.S. dollar, coming within a whisker of the lower end of the trading range permitted by the central bank
Apr 02, 2024 19:53 PM

Gloomy China Stock Market Hits Brokers’ Pay Packets
Average salaries at Chinese mainland-listed brokerages fell for a second year running in 2023
Apr 02, 2024 15:03 PM

Shanghai Composite Index Fell 0.08% on Tuesday
Shenzhen Component Index closed down 0.62%
Apr 02, 2024 04:33 AM

Defaulted Sichuan Trust Goes Bankrupt
Troubled firm’s failure to repay investors in 2020 led authorities to crack down on trust industry
Apr 01, 2024 15:03 PM

Shanghai Composite Index Rose 1.19% on Monday
Shenzhen Component Index closed up 2.62%
Mar 30, 2024 18:34 PM

Chinese Banks Raise Purchase Thresholds for Gold Products in Warning to Retail Investors
At least six banks including Agricultural Bank of China and Bank of China made the increase this month as spot gold has surged to fresh records, signaling caution about future fluctuations
Mar 29, 2024 20:39 PM

Exclusive: China’s Financial Watchdog Reshuffles Veterans
He Guofeng will lead the unit at the National Financial Regulatory Administration that drafts qualifications for banks and insurers, with his current job to be filled by Zhang Xun, sources say
Mar 29, 2024 19:43 PM

JPMorgan Names Rita Chan and Alan Ho as China Co-Senior Country Officers
The pair, whose appointments are set to take effect on April 1, is replacing Mark Leung, who is retiring after working for the bank for more than two decades