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

May 22, 2024 20:40 PM

Finance Veteran Picked to Be President of China Life Asset Management, Sources Say
Huang Benyao will take over from Wang Junhui, who left the company last year to serve as chairman of China Life Pension
May 22, 2024 20:38 PM

Partner at IDG Capital Involved in Insider Trading Case, CSRC Says
The partner was involved in an insider trading case where a bank employee made about $5 million trading shares of a company, CSRC says
May 22, 2024 19:45 PM

China’s First 30-Year Special Treasury Bond Halted Twice in Trading Debut as Price Surges
The $5.6 billion bond closed up 1.3% in Shanghai and 19.7% in Shenzhen after its first day of trading
May 22, 2024 19:19 PM

China Bank Chiefs’ Shakeup Gathers Pace
Agricultural Bank of China and Bank of Communications both announce new deputy chiefs of their Communist Party committees, appointments that normally precede designation as president
May 22, 2024 05:07 AM

Minsheng Securities in Management Shakeup Before Guolian Buyout
Guolian veterans brought in to fill key posts in Minsheng team before acquisition by larger rival
May 22, 2024 02:59 AM

Charles Li’s Micro Connect Lays Off or Redeploys a Quarter of Its Staff in Radical Restructuring
Li blames the job cuts on management’s failure to control the pace of investment and over-hiring
May 22, 2024 02:55 AM

Ageas Buys 10% Stake in China Taiping’s Pension Unit for $150 Million
Agreement gives Belgian insurer the option to increase its stake to 24.99% within three years
May 21, 2024 20:04 PM

CSRC Probes Information Disclosure Consultancies Amid Tightening Stock Market Oversight
The hiring of consulting firms founded by former regulatory officials to provide listed companies with information disclosure support has come under the microscope
May 21, 2024 20:10 PM

China Tops World in Green Bond Issuance for Second Straight Year
The country’s $131 billion in 2023 nearly doubles the No. 2 nation, Germany
May 21, 2024 19:40 PM

Asset Manager Great Wall Reveals $6.7 Billion Net Loss in Delayed 2022 Annual Report
The state-owned company blames the loss on the economic downturn, repeated outbreaks of Covid-19 and the real estate debt crisis
May 21, 2024 19:10 PM

In Depth: China’s Securities Firms Rein In Pay Packets as Pressures Mount
The industry is being squeezed by a government campaign to cut excessive remuneration, a bearish stock market and regulatory tightening of IPOs
May 21, 2024 15:03 PM

Shanghai Composite Index Fell 0.42% on Tuesday
Shenzhen Component Index closed down 0.71%
May 20, 2024 19:43 PM

Minsheng Bank Chooses Shanghai Branch Chief to Chair Wealth Management Unit
Cong Jun is expected to take over the chairman position at CMBC Wealth Management from Ouyang Yong, who has reached retirement age
May 20, 2024 15:03 PM

Shanghai Composite Index Rose 0.54% on Monday
Shenzhen Component Index closed up 0.43%
May 18, 2024 17:52 PM

Former Trust Firm of Failed Tomorrow Holding Up For Sale Again at a Discount
All 6 billion shares of New Times Trust are on sale at a price 20% lower than previous unsuccessful attempt to find buyers for the firm once controlled by jailed tycoon Xiao Jianhua
May 18, 2024 03:59 AM

PBOC to Provide $42 Billion Cheap Loans for Program to Buy up Unsold Homes
Banks to pass on lending to local state-owned enterprises to buy unsold properties and resell or lease them as affordable housing
May 17, 2024 20:06 PM

CSRC Sets Out Uplisting Obligations for Overseas OTC Companies
Regulator issues the clarification after Wetouch Technology failed to file a record of its uplisting in advance of moving to the Nasdaq stock exchange, sources tell Caixin
May 17, 2024 15:03 PM

Shanghai Composite Index Rose 1.01% on Friday
Shenzhen Component Index closed up 1.1%
May 17, 2024 06:03 AM

First ABS Managed by Insurer-Backed Asset Managers Debuts in Shanghai
$174 million issuance will bolster interest among insurance companies and help diversify the group of ABS investors, say experts
May 17, 2024 05:55 AM

Ex-Vice President of Agricultural Bank Under Graft Probe
Lou Wenlong investigated on suspicion of serious violations in law and discipline