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

Apr 15, 2024 19:30 PM

Exclusive: Chinese Insurer’s Ex-Chairman Disappears From Public View, Sources Say
Li Quan has been unreachable since March, just months after one of his predecessors was convicted of bribery
Apr 15, 2024 20:54 PM

Chinese PE and VC Firms Slash Pay as Industry Downturn Grinds On
Employee compensation tumbles as much as 40% as companies look to cut costs
Apr 15, 2024 20:41 PM

Chinese Asset Managers Get Green Light to Offer Spot Bitcoin, Ether ETFs in Hong Kong
The approvals open the way for three firms to list the financial products as the city pursues its goal of becoming a global cryptocurrency hub
Apr 15, 2024 20:07 PM

China Targets High-Frequency Trading in Wake of Market Turmoil
Greater oversight of program trading aims to maintain order in the market, CSRC says
Apr 15, 2024 15:03 PM

Shanghai Composite Index Rose 1.26% on Monday
Shenzhen Component Index closed up 1.53%
Apr 13, 2024 19:39 PM

Citic Securities, Haitong Probed for Alleged Share Transfer Violations
The companies are suspected of breaching the law in the transfer of the 2023 non-public issuance of shares of titanium dioxide manufacturer CNNC Hua Yuan Titanium Dioxide
Apr 13, 2024 04:10 AM

CSRC Embarks on Market Clean-up with Stricter Criteria for Delisting
All companies fitting the new delisting criteria should go, says CSRC director. There are no preset numbers
Apr 13, 2024 04:06 AM

China’s Sovereign Fund Bolsters Big Four Banks with $722 Million Investment
Central Huijin Investment has increased its holding in key banks to help stabilize the ailing stock market and vows to continue
Apr 12, 2024 20:47 PM

Fallen Everbright Group Chairman Charged With Bribery, Embezzlement
Tang Shuangning abused his power to help people in matters such as getting loans and changing jobs in exchange for ‘especially large’ amounts of money
Apr 12, 2024 20:34 PM

Troubled Minsheng Trust Calls In Rivals to Run Its Day-to-Day Business
The company said state-owned Citic Trust and Huarong International Trust will be managing operations amid mounting losses and delays in repaying investors
Apr 12, 2024 18:50 PM

Deutsche Bank’s Panda Bond Shows Market’s Appetite for Low-Cost Yuan Debt
The German lender raises $415 million in the largest issuance of the instrument by a financial firm in six years
Apr 12, 2024 17:25 PM

China Lays Out Plan to Ensure Green Transition Gets the Financing It Needs
PBOC and six other government bodies release guidance to establish a ‘world-leading’ financial support system to power low-carbon development
Apr 12, 2024 15:03 PM

Shanghai Composite Index Fell 0.49% on Friday
Shenzhen Component Index closed down 0.78%
Apr 11, 2024 17:09 PM

CICC’s Wu Bo Steps Down as President of China’s Top Investment Bank
The younger brother of CSRC Chairman Wu Qing will likely take up a role at the country’s sovereign wealth fund, sources say
Apr 11, 2024 18:13 PM

Exclusive: Bank of China Veteran to Become ICBC Vice President
Zhang Shouchuan’s move marks the latest development in an ongoing leadership reshuffle at the world’s largest lender
Apr 11, 2024 15:03 PM

Shanghai Composite Index Rose 0.23% on Thursday
Shenzhen Component Index finished nearly flat
Apr 11, 2024 05:44 AM

Ping An Trust Misses Payment on Property-Backed Investment Plan
The trust company is filing a lawsuit against defaulted developer Zhenro, asserting that it has “obligations to buy back the product”
Apr 10, 2024 17:52 PM

Hong Kong Customs Seizes $11 Million in Gold in Record Bust
The roughly 146 kilograms of the precious metal was found during an inspection of two air compressors in a shipment bound for Japan, the authority says
Apr 10, 2024 17:43 PM

Analysis: How Likely Are Defrauded Chinese Investors to Recover Bitcoin Seized by U.K. Authorities?
There is little historical precedent for China retrieving criminal proceeds across borders — a costly process involving police and diplomatic cooperation, experts say
Apr 10, 2024 15:03 PM

Shanghai Composite Index Fell 0.7% on Wednesday
Shenzhen Component Index closed down 1.6%