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

Jun 11, 2024 20:45 PM

In Depth: How Hong Kong Could Help Craft Mainland Policies for Digital Assets
Chinese financial institutions are taking advantage of the city’s digital strategy to test blockchain-based financial products that could shape Beijing’s own policies on virtual assets, industry experts say
Jun 11, 2024 18:56 PM

China’s Stock Exchanges to Tighten Controls on High-Frequency Trading
The Shanghai, Shenzhen and Beijing bourses plan to impose stricter rules and extra fees on the practice, a type of controversial trading blamed for fueling market turmoil this year
Jun 11, 2024 15:03 PM

Shanghai Composite Index Fell 0.76% on Tuesday
Shenzhen Component Index closed up 0.07%
Jun 08, 2024 18:52 PM

Chinese Nationals Charged in U.S. For Laundering $73 Million in Crytpo Scam
The two defendants allegedly induce victims to transfer funds to fraudulent cryptocurrency investment platforms or bank accounts set up in the name of shell companies
Jun 07, 2024 15:03 PM

Shanghai Composite Index Rose 0.08% on Friday
Shenzhen Component Index closed down 0.9%
Jun 06, 2024 20:09 PM

Exclusive: Manulife’s China Mutual Fund Firm to Name New President
Kevin Ding, China managing director of Canadian financial conglomerate’s global asset management arm, is a possible candidate, sources say
Jun 06, 2024 19:53 PM

Ex-Securities Watchdog Chief Appointed to Top Political Advisory Body
Yi Huiman, who was removed as head of the CSRC in February, oversaw several major reforms to the securities market in his five years at the helm
Jun 06, 2024 17:48 PM

China Imposes First Fine on Nonbank Payment Provider Under Stricter Regulation
The company was fined $3.9 million for a slew of violations including noncompliance with anti-money laundering rules
Jun 06, 2024 15:03 PM

Shanghai Composite Index Fell 0.54% on Thursday
Shenzhen Component Index closed down 0.57%
Jun 06, 2024 04:45 AM

Qatar Sovereign Fund to Buy 10% Stake in China Asset Manager
Qataris, eager to invest in China, will become the mutual fund’s third largest shareholder
Jun 05, 2024 19:51 PM

China’s Mortgage Rates Dip as Central Bank Acts to Bolster Property Market
The average mainstream rate on first homes in 100 monitored cities was 3.45% in May, down from 3.57% the previous month
Jun 05, 2024 19:26 PM

In Depth: Why China’s Tightening Its IPO Regulation
New State Council guidelines on capital markets call for higher listing standards and better oversight of IPO sponsors
Jun 05, 2024 15:03 PM

Shanghai Composite Index Fell 0.83% on Wednesday
Shenzhen Component Index closed down 0.8%
Jun 05, 2024 03:52 AM

Senior Finance Executive at State Shipbuilding Giant Under Probe
Former chairman of Zhong Chuan Finance, part of CSSC, is subject of corruption investigation
Jun 04, 2024 18:07 PM

In Depth: China’s Pension Finance Push Falls on Deaf Ears
Despite the government’s efforts, savers aren’t pouring money into personal retirement accounts and banks have been reluctant to expand lending for elderly care
Jun 04, 2024 20:57 PM

How a Corrupt Huarong Executive Took $151 Million in Bribes in Five Years
Bai Tianhui used his influence at the state-owned bad-debt manager to help companies acquire projects and financing
Jun 03, 2024 05:04 AM

Cover Story: Yen’s Decline Tied to U.S.-Japan Rate Gap Is Seen Stretching to 2025
Japanese tourism and exports see gains while fund outflows and higher import costs cause pain
Jun 04, 2024 15:03 PM

Shanghai Composite Index Rose 0.41% on Tuesday
Shenzhen Component Index closed up 1.05%
Jun 04, 2024 13:12 PM

Chinese Stock Rebound Sparks Rush to Raise Funds
Key benchmarks on the Chinese mainland and in Hong Kong have bounced back from lows earlier this year, giving firms more confidence that their efforts will succeed
Jun 04, 2024 05:23 AM

Sovereign Wealth Fund CIC Names Veteran Banker as Deputy Head
Chen Zhong appointed vice president and chief financial officer of CIC, filling the roles of Liu Haoling who is now president and vice chairman