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

Apr 24, 2024 13:13 PM

China’s Central Bank Steps Up Rhetoric Against Rally in Long-Dated Government Bonds
PBOC signals that a mismatch between market prices and the country’s promising economic outlook will be corrected
Apr 23, 2024 15:03 PM

Shanghai Composite Index Fell 0.74% on Tuesday
Shenzhen Component Index closed down 0.61%
Apr 23, 2024 04:43 AM

Nonbank Payment Providers Get Five Years to Comply With New Rules
Guidelines clarify issues of concern in the industry and detail measures for complying with the new rules
Apr 23, 2024 04:15 AM

China’s SPBs Issuance Slows in First Quarter From Pandemic-fueled Spending Spree
Some put the slow pace of SBS issuance down to the unusual 1 trillion yuan sovereign fund bonds issued at the end of 2023 for infrastructure projects
Apr 22, 2024 15:03 PM

Shanghai Composite Index Fell 0.67% on Monday
Shenzhen Component Index closed down 0.43%
Apr 20, 2024 17:57 PM

Hillhouse Unit to Buy Back Longi Green Energy Shares Amid Probe
The investment arm of private equity heavyweight promises to buy back all the shares five months after China’s securities regulator opened an investigation into suspected share transfer violations
Apr 19, 2024 20:00 PM

Exclusive: China Merchants Sends Bank Executive to Helm Mutual Fund Manager Bosera, Sources Say
Zhang Dong, CMB’s financial accounting head, is slated to become president of the asset manager
Apr 19, 2024 19:25 PM

Rumored Pay Cap for State-Owned Securities Firms Fuels Debate
Speculation about a salary limit of $414,400 has top management fretting over the fate of their handsome remuneration
Apr 19, 2024 15:03 PM

Shanghai Composite Index Fell 0.29% on Friday
Shenzhen Component Index closed down 1.04%
Apr 19, 2024 14:43 PM

Standard Chartered Dangles 10% Deposit Rate to Draw Mainland Cash
Lenders in Hong Kong are ramping up efforts to woo savers from the Chinese mainland and solidify the city’s status as a wealth hub
Apr 19, 2024 04:44 AM

Shanghai Creates $18 Billion State Investment Giant
Merger of two investment firms will create a juggernaut providing financial backing to technology and innovation startups
Apr 19, 2024 04:08 AM

Exclusive: ICBC Reshuffles Leadership at Core Department and Wealth Management Unit
Wang Hailu to be chair of ICBC Wealth Management, bringing experience in bond and foreign exchange trading
Apr 18, 2024 19:41 PM

Former China Central Bank Deputy Admits Taking Over $50 Million in Bribes
Fan Yifei admits to taking money in exchange for helping companies and individuals with matters such as securing loans, jobs and business contracts
Apr 18, 2024 15:03 PM

Shanghai Composite Index Rose 0.09% on Thursday
Shenzhen Component Index closed down 0.05%
Apr 17, 2024 19:49 PM

China Calls on Banks, Insurers to Boost Funding for Manufacturing
Top regulators set out how the financial sector can support the government’s strategy to create a manufacturing powerhouse and facilitate the green transition
Apr 17, 2024 17:56 PM

Regulatory Moves Triggered Latest Slump in Chinese Small Caps, Insiders Say
Guidelines that aim to boost oversight of listed companies led investors to flee from the sector, with the Wind Micro Market Cap Index plunging around 10% for two days in a row
Apr 17, 2024 15:03 PM

Shanghai Composite Index Rose 2.14% on Wednesday
Shenzhen Component Index closed up 2.48%
Apr 17, 2024 05:39 AM

Shanghai Plans $276 Billion Funding Support for Innovative Tech Firms
Loan guarantee program aims to assist private business in supporting the development of new ‘productive forces’
Apr 16, 2024 20:46 PM

Exclusive: Star Chinese Fund Manager Prosecuted for Bribery
Cai Songsong and two other defendants appeared in court on March 27 over trading a listed company’s stock for personal gains, sources tell Caixin
Apr 16, 2024 03:38 AM

Former Deputy General Manager of China Taiping Insurance Prosecuted for Bribery
Xiao Xing abused his power by seeking benefits for others in exchange for huge amounts of bribes, procuratorate says