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

Jul 23, 2024 03:48 AM

Challenging Time for Trust Firms as Six Out of 10 Report Weaker Results
China’s 22.6 trillion-yuan trust industry has seen regulators rein in risks after a series of scandals
Jul 22, 2024 15:03 PM

Shanghai Composite Index Fell 0.61% on Monday
Shenzhen Component Index closed down 0.38%
Jul 19, 2024 20:20 PM

Vice Finance Minister Becomes Shanghai’s Deputy Party Chief
Zhu Zhongming currently oversees ministry departments including budgeting and tax policy
Jul 19, 2024 20:14 PM

China Financial Regulatory Veteran Tapped for Provincial Vice Governor, Sources Say
Wang Junshou, head of the top financial regulator’s Shanghai branch, is expected to add depth of experience to the Hunan’s leadership team
Jul 19, 2024 15:03 PM

Shanghai Composite Index Rose 0.17% on Friday
Shenzhen Component Index closed up 0.27%
Jul 19, 2024 04:44 AM

Ex-VP of China’s Biggest Policy Bank Admits Taking $3.2 Million in Bribes
Wang Yongsheng, arrested six months ago, pleaded guilty to offering favors in exchange for illegal gains
Jul 18, 2024 21:07 PM

China’s First Saudi ETFs Fly Off the Shelf as Investors Seek High Returns
Two exchange-traded funds have repeatedly hit daily price limits after debuting on mainland bourses this week
Jul 18, 2024 20:26 PM

Stock Exchanges Pledge Equal Treatment for Chinese, Foreign High-Frequency Traders
Shanghai and Shenzhen bourses issue statements amid concern among overseas institutions that they will have to pay more
Jul 18, 2024 15:03 PM

Shanghai Composite Index Rose 0.48% on Thursday
Shenzhen Component Index closed up 0.5%
Jul 18, 2024 05:34 AM

China’s Leading Auto Dealer Faces Delisting as Stock Sinks
Brutal price war and the ‘aggressive expansion of its equity’ blamed for delisting
Jul 18, 2024 05:25 AM

Central Bank Inspects Lenders’ Bond Holdings to Mitigate Risks
Move is to scrutinize and, if need be, recalibrate banks’ bond investment strategies
Jul 17, 2024 21:26 PM

Mainland Financial Firms’ Hong Kong Units Tell Staff to Repay Bonuses
Sources also say some financiers with unpaid deferred bonuses will never receive them
Jul 17, 2024 19:14 PM

Former Bank of East Asia China Unit Exec Banned From Banking for 10 Years
The former branch president is penalized by the country’s top financial watchdog over a string of shortcomings in his oversight of lending activities
Jul 17, 2024 19:03 PM

Ex-Branch President of Chinese Policy Lender Falls Under Graft Probe
Wang Fade’s case adds to a growing list of corruption scandals at the Export and Import Bank of China
Jul 17, 2024 15:03 PM

Shanghai Composite Index Fell 0.45% on Wednesday
Shenzhen Component Index closed down 0.47%
Jul 17, 2024 04:46 AM

China Merchants Bank Expected to Take Over Tomorrow Holding’s Former Trust Unit
CMB deal to acquire New Times Trust to be ‘announced soon’, employee confirms
Jul 16, 2024 20:24 PM

In Depth: Battle for China’s Deposits Pits Banks Against Regulators
While lenders want to raise savings rates to attract funds, regulators want to lower them to curtail the amount of idle cash in the financial system and protect banking profits
Jul 16, 2024 18:45 PM

PBOC Reaffirms Commitment to Stabilizing Bond Market as Rally Persists
Central bank has plans to sell government bonds and conduct temporary overnight repos or reverse repos to cool soaring prices
Jul 16, 2024 15:03 PM

Shanghai Composite Index Rose 0.08% on Tuesday
Shenzhen Component Index closed up 0.86%
Jul 15, 2024 15:03 PM

Shanghai Composite Index Rose 0.09% on Monday
Shenzhen Component Index closed down 0.59%