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

Apr 29, 2024 19:09 PM

Overseas Investment Through China’s Stock Connect Nearly Doubles 2023’s Total
Around $4.6 billion of net purchases were made on Friday and Monday alone
Apr 29, 2024 15:03 PM

Shanghai Composite Index Rose 0.79% on Monday
Shenzhen Component Index closed up 2.22%
Apr 27, 2024 18:33 PM

China to Evaluate Adjusting Share of State-Owned Capital in Finance Industry, Vice Minister Says
The comments by Liao Min came in response to concerns by the country's top legislature over the disproportionately large share in the banking sector
Apr 27, 2024 05:09 AM

CSRC Toughens Restriction on Ex-Employees’ Investment
Ban on investing in pre-IPO companies extended to 10 years for former securities regulators and their families
Apr 27, 2024 05:03 AM

Top Investment Bank CICC Warned by Regulator for Compliance Flaws
CICC accused of breaking rules by hiring personnel not qualified to carry out securities business
Apr 26, 2024 17:47 PM

Country Garden Bondholders Agree to Extensions After Missed $22 Million Payment
A continued slump in sales leaves bondholders doubtful they'll get further payments despite the extension
Apr 26, 2024 20:31 PM

Huatai Securities Cashes Out of U.S.-Listed Unit With $796 Million Gain
Chinese brokerage announces sale of controlling stake in AssetMark to private equity firm GTCR for $1.79 billion
Apr 26, 2024 18:17 PM

Senior Securities Regulator Under Corruption Probe
Yao Qian is director of the China Securities Regulatory Commission’s technology supervision department and IT service center
Apr 26, 2024 15:03 PM

Shanghai Composite Index Rose 1.17% on Friday
Shenzhen Component Index closed up 2.15%
Apr 26, 2024 13:31 PM

Tor Investment Raises $310 Million for Asia Private Credit Fund
The spillover from China’s property crisis is creating opportunities across Asia, with demand for financing emerging in data centers, logistics and renewables, co-founder says
Apr 26, 2024 03:58 AM

ICBC Qinghai Sets up People’s Armed Forces Department
Bank reserves take on new meaning with formation of a corporate militia to fulfill national defense obligations
Apr 25, 2024 19:38 PM

Ping An Trust Wins Court Ruling, Forcing Troubled Developers to Repay Funds
A Shenzhen court has ordered two subsidiaries of debt-laden builder Zhenro Properties to repay $106.6 million, which the trust firm needs to make missed payments to investors
Apr 25, 2024 19:33 PM

Bank of China Ex-Chairman Pleads Guilty to Taking Over $16 Million in Bribes
Liu stands accused of accepting money in exchange for helping companies and individuals secure loans, jobs and project contracts from 2010 to 2023
Apr 25, 2024 15:03 PM

Shanghai Composite Index Rose 0.27% on Thursday
Shenzhen Component Index closed up 0.14%
Apr 25, 2024 04:15 AM

Troubled Developer Jinke Gets Nod for Bankruptcy Restructuring
Chongqing property giant is first to be given court clearance to start bankruptcy reorganization
Apr 25, 2024 04:04 AM

China’s Sovereign Fund Poured $45 Billion into Stock Market in First Quarter
Rise in loans from non-banking financial institutions suggest they are linked to market stabilization measures, say analysts
Apr 25, 2024 03:46 AM

In Depth: Regulatory Titan Laura Cha Takes Final Bow
The 74-year-old’s career included stints at Hong Kong and Chinese mainland securities regulators and was packed with changes and challenges
Apr 25, 2024 03:35 AM

HKEX Appoints Former Regulator Carlson Tong as New Chairman
Veteran accountant with deep ties to HKEX to succeed Laura Cha who steps down after six years
Apr 24, 2024 20:47 PM

Chinese Mainlanders Flock to Hong Kong’s Wealth Management Market
Their new cross-border fund remittances soared nearly ninefold in March to $1.8 billion amid a relaxation of the rules
Apr 24, 2024 18:52 PM

In Depth: China’s Insurers Scale Back High-Yield Investment
Long-running real estate crisis and increasing risks in local government debt make insurance asset managers more cautious about debt of developers and LGFVs