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

Jul 08, 2024 19:04 PM

Deutsche Bank Sees Rosy Future in Helping Multinationals Tap Chinese Market
European banking giant sees opportunities in panda bond issuances, CEO for Asia-Pacific tells Caixin
Jul 08, 2024 15:03 PM

Shanghai Composite Index Fell 0.93% on Monday
Shenzhen Component Index closed down 1.54%
Jul 06, 2024 18:28 PM

Vanke-Linked Firm Sells Most of Its Stake in Shanghai Mall to Singapore Wealth Fund Unit
SCPG Commercial Property Development & Management sold the 48% stake to Reco Yiyuan, a GIC subsidiary, retaining just 2%
Jul 05, 2024 20:50 PM

Former Chinese Banking Regulator Ensnared in Graft Crackdown
Liu Feng, an ex-secretary-general of the China Banking Association, is being investigated for suspected corruption
Jul 05, 2024 15:03 PM

Shanghai Composite Index Fell 0.26% on Friday
Shenzhen Component Index closed up 0.25%
Jul 04, 2024 15:03 PM

Shanghai Composite Index Fell 0.83% on Thursday
Shenzhen Component Index closed down 0.99%
Jul 03, 2024 18:01 PM

CSRC Official Likely Used Cryptocurrency to Hide Bribes, Sources Say
The official, who is under investigation for suspected graft, is head of the securities regulator’s technology supervision department
Jul 03, 2024 15:03 PM

Shanghai Composite Index Fell 0.49% on Wednesday
Shenzhen Component Index closed down 0.59%
Jul 02, 2024 20:19 PM

PBOC Bond-Borrowing Plan Fuels Expectation of Action to Raise Yields
The central bank will likely sell the bonds to push yields higher in the short term, but investors will still favor government debt until the economic outlook improves, analysts say
Jul 02, 2024 04:00 AM

Southwest Securities Relinquishes Control of its Hong Kong Unit
Individual investor Wong Man Hin Max has paid $11.5 million for 74.01% of Southwest Securities International’s stake
Jul 02, 2024 02:27 AM

Matrix Partners Renames India and China Units to Stress Their Independence
Multinational Venture capital firms are adapting to an evolving geopolitical landscape by splitting their Chinese and U.S. investment teams
Jul 01, 2024 21:13 PM

Anbang’s Rescuer Seeks to Sell Off Annuity Unit
The sale would help Dajia Insurance’s controlling shareholder exit its investment
Jul 01, 2024 20:07 PM

New Law to Give Communist Party Bigger Say in Supervising China’s Financial System
The Central Committee’s financial work leadership agency will research policies for maintaining stability, according to a new draft of the Financial Stability Law
Jul 01, 2024 15:03 PM

Shanghai Composite Index Rose 0.92% on Monday
Shenzhen Component Index closed up 0.57%
Jun 28, 2024 15:03 PM

Shanghai Composite Index Rose 0.73% on Friday
Shenzhen Component Index finished nearly flat
Jun 28, 2024 10:55 AM

China’s Audit Watchdog Calls Out Banks for Cheating on Loans
Some state-owned banks claimed they were lending to favored sectors like tech and agriculture, but the money was used for activities like arbitrage, report finds
Jun 28, 2024 05:21 AM

Minsheng Bank Says Exposure to Troubled Shareholder Manageable
The bank has outstanding loans to Orient Group and affiliates of $963 million, according to its chairman
Jun 27, 2024 19:42 PM

Crypto Exchanges Flout Hong Kong Rules Requiring a License to Serve Locals
Despite the city’s regulations, some of the world’s largest exchanges continue to allow accounts registered with Hong Kong IDs to trade cryptocurrencies
Jun 27, 2024 19:31 PM

Yuan Drops to Seven-Month Low as PBOC Weakens Fixing Again
China’s central bank lowered the currency’s daily reference rate against the dollar for the seventh straight trading day
Jun 27, 2024 19:21 PM

‘Big Six’ Bank Executive Looks Set to Become Everbright Bank’s New President
Hao Cheng has been named a member of Everbright Group’s Communist Party committee, putting him on track for the position