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

Jul 13, 2024 02:05 AM

Overdue Commercial Bills Reveal Strained Capital Chains in LGFVs
As of the end of June, 1,397 LGFVs had commercial bills for which payment was overdue, data show
Jul 12, 2024 17:29 PM

Iron Ore Swings Higher as Traders Await China Policy Signals
Prices of the steelmaking material underwent wild swings this week amid mixed market signals ahead of next week’s big political gathering in Beijing
Jul 12, 2024 15:03 PM

Shanghai Composite Index Ended Nearly Flat on Friday
Shenzhen Component Index closed down 0.18%
Jul 12, 2024 04:50 AM

Former Deputy Head of China Taiping Pleads Guilty of Taking $11 Million in Bribes
Xiao Xing’s crimes spanned 25 years during which he illegally received and gifts, the procuratorate said
Jul 12, 2024 04:22 AM

UBS Hires Former Credit Suisse China Chief Janice Hu as China Vice Chair
Hu will be the first person to fill the role in USB Securities as the position did not exist before
Jul 11, 2024 18:10 PM

Mutual Funds Targeting Bonds, High-Dividend Shares Gain Traction Amid Stock Market Gloom
These funds offer healthy returns while benchmark indexes slip
Jul 11, 2024 19:40 PM

Sovereign Fund, Policy Lender to Appoint New Executives Amid State Finance Reshuffle
Liu Jiawang set to move to CIC from ‘Big Four’ bank, policy banker Wu Tao transitions to ADBC, sources say
Jul 11, 2024 18:26 PM

Exclusive: Ex-Central Bank Official to Take Over as UnionPay’s President
Guo Dayong, a former deputy governor of the PBOC’s Jiangsu branch, is set to assume the position at China’s largest payment settlement service provider, sources say
Jul 11, 2024 15:03 PM

Shanghai Composite Index Rose 1.06% on Thursday
Shenzhen Component Index closed up 1.99%
Jul 10, 2024 19:55 PM

Global Investors in Mainland Swap Market Permitted to Use Onshore Bonds as Collateral
Authorities expect move will reduce the cost of trading in China’s derivatives market
Jul 10, 2024 19:37 PM

In Depth: The Key Ingredients to Sustain Hong Kong’s Stock Rally
The surge in April and May has lost some momentum, leaving analysts debating whether the benchmark index will get a second wind
Jul 10, 2024 16:04 PM

Four Ex-CNOOC Executives Stung in Graft Crackdown
The quartet, including ex-deputy general managers and department heads, are under investigation for ‘suspected serious violations of discipline and law’
Jul 10, 2024 15:03 PM

Shanghai Composite Index Fell 0.68% on Wednesday
Shenzhen Component Index closed down 0.1%
Jul 10, 2024 04:05 AM

Mass IPO Retreat in China as Stricter Listing Standards Come Into Force
Companies seeking a main board listing must show annual profits of $13.75 million to qualify
Jul 09, 2024 19:39 PM

Another Taiping Life Executive Caught Up in China’s Crackdown on Graft
Ni Bo, a deputy general manager at the state-owned insurer, is being investigated for suspected corruption
Jul 09, 2024 19:02 PM

Deadly Philippines Kidnapping Highlights Growing Demand for Crypto Ransoms
Criminals who abducted two ethnic Chinese medical executives wanted payment in the stablecoin Tether
Jul 09, 2024 15:03 PM

Shanghai Composite Index Rose 1.26% on Tuesday
Shenzhen Component Index closed up 1.68%
Jul 09, 2024 02:05 AM

Exclusive: China Everbright Bank Veteran Ren Feng to Lead Everbright Jinou AMC
Ren Feng’s move comes after two years leading the bank’s wealth management unit
Jul 08, 2024 20:31 PM

PwC Appoints New China Chairman to Steer Firm Through Evergrande Storm
Daniel Li, the first mainlander to lead one of the ‘Big Four’ accounting firms on the mainland, inherits a company in deep trouble over its client’s financial fraud
Jul 08, 2024 19:07 PM

Exclusive: Pudong Development Bank Set to Get New President
Vice President Xie Wei looks likely to be promoted at the Shanghai lender, sources tell Caixin