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

Jun 26, 2024 19:08 PM

In Depth: Consumers, Entrepreneurs Give Banks’ Retail Lending a Much-Needed Boost
Chinese lenders are seeking out new areas for growth as the credit card business slumps and property downturn stunts mortgage demand
Jun 27, 2024 15:03 PM

Shanghai Composite Index Fell 0.9% on Thursday
Shenzhen Component Index closed down 1.53%
Jun 26, 2024 20:27 PM

China’s Top Auditor Warns of New Local Government Debt Problems
While there has been progress in tackling liabilities, new risks are emerging, the National Audit Office says in an annual report
Jun 26, 2024 20:12 PM

Exclusive: Chinese Policy Bank to Name New Vice President, Sources Say
Exim Bank is expected to appoint Yang Dongning, an official from China’s top financial regulator, who has joined the lender’s Communist Party committee
Jun 26, 2024 15:03 PM

Shanghai Composite Index Rose 0.76% on Wednesday
Shenzhen Component Index closed up 1.55%
Jun 25, 2024 19:13 PM

Ex-Provincial Head of Top Finance Regulator Caught in Graft Probe
Li Huatao, a former director of the NFRA’s Guizhou branch, is one of the latest officials to be caught in a months-long inspection of the regulator launched in April
Jun 25, 2024 18:16 PM

China’s Regulator Accepts Mizuho Application to Set Up Securities Firm
Japan-based financial institution is the latest foreign firm to apply to establish a wholly owned brokerage
Jun 25, 2024 15:03 PM

Shanghai Composite Index Fell 0.44% on Tuesday
Shenzhen Component Index closed down 0.83%
Jun 25, 2024 03:46 AM

Allianz Unit Buys 2% of China’s State-owned Pension Insurer
German insurance giant is first foreign investor in Guomin Pension & Insurance Co.
Jun 24, 2024 19:13 PM

China Unveils Measures to Boost VC Investment in Tech Sector
Guidelines call for improvements in the policy environment and management system for the venture capital chain, pledge to enhance foreign investors’ access
Jun 24, 2024 18:19 PM

Tencent’s Online Bank Gets Nod to Open Hong Kong Subsidiary
WeBank will use the new unit to provide tech services to Belt and Road Initiative countries and regions
Jun 24, 2024 15:03 PM

Shanghai Composite Index Fell 1.17% on Monday
Shenzhen Component Index closed down 1.55%
Jun 22, 2024 04:36 AM

More Local Financial Asset Exchanges Cease Operation Amid Sweeping Cleanup
Crackdown on financial risks sees five local finance asset exchanges closed in one day
Jun 22, 2024 04:28 AM

Swiss Investment Giant Partners Boosts Asia Presence with New Hong Kong Office
Partners is confident Hong Kong is on track to become the world’s largest wealth management center
Jun 21, 2024 18:03 PM

Higher U.S. Interest Rates Drive Panda Bond Issuance Boom
Benchmark borrowing costs in China are lower than the U.S. federal funds rate, luring institutions and companies to sell yuan-denominated bonds on the mainland
Jun 21, 2024 15:03 PM

Shanghai Composite Index Fell 0.24% on Friday
Shenzhen Component Index finished nearly flat
Jun 20, 2024 20:22 PM

Exclusive: China Seeks Cut in Foreign Card Transaction Fees to Encourage Usage
The country’s payment and clearing association talks with international bank card issuers and payment processors to lower charges to ease burden on merchants and boost spending
Jun 20, 2024 20:08 PM

China to Accelerate Registration Process for Overseas Listings
Current pace for handling applications ‘isn’t fast enough,’ CSRC vice chairman says
Jun 20, 2024 20:03 PM

Exclusive: Ant Group Likely to Sell Stake in China’s First Personal Credit Reporting Firm to Tencent
Restructuring plan will make Baihang more similar to its thriving rival Pudao, sources say
Jun 20, 2024 16:11 PM

China Loosens Grip on Yuan With Weakest Fixing Since November
PBOC sets the fixing at 7.1192 per dollar, marking the biggest daily increase in about two months