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

Jul 27, 2024 04:25 AM

China Tweaks Regulations to Ease the Way for Qualified Foreign Investors
Streamlined rules to simply procedures for overseas investors aim to boost domestic capital market
Jul 27, 2024 04:17 AM

China’s Top Securities Official Promises Stable Policies for Foreign Investors
Wu Qing asks market participants for ideas on improving legal framework to boost foreign investors’ confidence
Jul 26, 2024 20:44 PM

Yuan Snaps Losing Streak as Dollar Loses Ground
Growing expectations the U.S. will start to cut interest rates in September is weakening the greenback and easing depreciation pressure on the Chinese currency, analysts say
Jul 26, 2024 15:16 PM

China Unexpectedly Cuts One-Year Policy Rate by Most Since 2020
The central bank decreased the rate of the medium-term lending facility by 20 basis points to 2.3%
Jul 26, 2024 15:03 PM

Shanghai Composite Index Rose 0.14% on Friday
Shenzhen Component Index closed up 1.45%
Jul 25, 2024 17:24 PM

China Banks Trim Deposit Rates to Bolster Record-Low Margins
The move follows a cut to Chinese benchmark lending rates earlier this month, part of an effort to boost the economy with cheaper credit
Jul 25, 2024 15:03 PM

Shanghai Composite Index Fell 0.52% on Thursday
Shenzhen Component Index closed down 0.22%
Jul 25, 2024 05:14 AM

China Encourages ‘High Quality’ Companies to Seek Borrowing Overseas
NDRC relaxes overseas bond sale regulations for leading companies with strong credit records
Jul 25, 2024 05:03 AM

Veteran Financial Regulator Charged With Bribery
An Qingsong is accused of peddling his influence and causing severe disruption in the capital markets
Jul 25, 2024 04:37 AM

Falling Government Bond Yields Prompt New Round of Life Insurance Rate Cuts
Although timing is unclear, the consensus is to cut the traditional insurance interest rate ceiling from 3.0% to 2.5%
Jul 24, 2024 20:19 PM

Key Insurance Data Provider Appoints Finance Veteran as President, Sources Say
Bai Weiqun has been tapped to fill the position at China Banking and Insurance Information Technology Management, which has been vacant for about three months
Jul 24, 2024 18:54 PM

Graft Watchdog Probes More Executives at China’s Biggest Bank
ICBC veteran Xu Yanfeng is among those targeted, and sources tell Caixin the investigation may be linked to his time in Liaoning province and his relationship with troubled Zhongwang Group
Jul 24, 2024 15:03 PM

Shanghai Composite Index Fell 0.46% on Wednesday
Shenzhen Component Index closed down 1.32%
Jul 24, 2024 04:11 AM

Shanghai Financial Court Explains its Key Role on STAR Market Anniversary
Court releases details of five cases highlighting its responsibility in ensuring a fair and efficient market
Jul 23, 2024 19:18 PM

Communist Party Creates Financial Graft-Busting Committee
The move comes as the party consolidates its role in leading China's financial sector
Jul 23, 2024 21:38 PM

In Depth: Electric Cars Are Draining the Batteries of China’s Insurers
Insuring EVs is costing money, as strict rules mean it’s difficult to hike premiums to a profitable level — for now at least
Jul 23, 2024 19:09 PM

Buffett’s Moves on BYD Are Now Secret After Stake Falls Below 5%
The billionaire investment guru has seen a 2,000% gain from the bet he made on the Chinese EV maker 15 years ago
Jul 23, 2024 15:10 PM

Finance Movers and Shakers: China’s New Vice Finance Minister, Ex-Policy Banker’s $3 Million Bribery
Highlights of the past fortnight include: Sovereign wealth fund set to get new VP, Taiping Life Insurance former executive pleads guilty in massive graft case
Jul 23, 2024 15:03 PM

Shanghai Composite Index Fell 1.65% on Tuesday
Shenzhen Component Index closed down 2.97%
Jul 23, 2024 03:50 AM

China’s Surprise Rate Cuts Signals Shift to Short-Term Policy Rate Focus
The rate cuts are probably due to weaker-than-expected second-quarter GDP data and higher odds of a Fed cut in September