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

Aug 15, 2024 03:51 AM

Nanchang State Firm Takes Control of Private Lender Yumin Bank
Acquisition marks the first time a state-owned company has taken control of a Chinese private bank
Aug 14, 2024 20:30 PM

In Depth: China Amps Up Scrutiny of Freewheeling Securities Firms
Many companies have been stung for lax compliance, while new rules aim to restrict the sector’s capital-intensive businesses
Aug 14, 2024 15:03 PM

Shanghai Composite Index Fell 0.6% on Wednesday
Shenzhen Component Index closed down 1.17%
Aug 13, 2024 18:36 PM

Securities Watchdog Official Named Head of Shenzhen Exchange
Li Jizun’s move has set off a reshuffle of departmental leadership at the CSRC
Aug 13, 2024 15:03 PM

Shanghai Composite Index Rose 0.34% on Tuesday
Shenzhen Component Index closed up 0.43%
Aug 13, 2024 05:36 AM

Senior Investment Banker at Guoyuan Securities Probed
Wang Chen, head of the investment banking at Guoyuan Securities, has been out of contact since July 30
Aug 12, 2024 20:36 PM

Chinese Fund Firm’s Recently Resigned Chairman Linked to U.S. President’s Son
Harvest Fund Management’s Zhao Xuejun, who is now under investigation, is a onetime business associate of Hunter Biden
Aug 12, 2024 15:03 PM

Shanghai Composite Index Fell 0.14% on Monday
Shenzhen Component Index closed down 0.24%
Aug 10, 2024 05:08 AM

Criminal Charges Handed to 49 Zhongzhi Employees after Dramatic Downfall
Charges come after Chinese financial conglomerate’s collapse with a capital shortfall of up to $36.4 billion
Aug 10, 2024 04:47 AM

Harvest Fund’s Chairman Resigns After Coming Under Investigation
Beijing-based Harvest said probe was related to personal reasons and not to the company
Aug 09, 2024 20:24 PM

Beijing Hunts Down Bond Trading Rule-Breakers Amid Bubble Fears
A handful of small and midsize lenders are among the targets suspected of misconduct including price manipulation
Aug 09, 2024 19:27 PM

Foreign Investors Stay Cautious About China Stocks, UBS Report Shows
Holdings of Chinese stocks by 800 active institutional funds tracked by the Swiss firm were broadly unchanged for the April-to-June period
Aug 09, 2024 19:08 PM

Analysis: Do Japanese Rate Hikes Foreshadow Global Downturns?
The events of the past week have fueled speculation of a global recession due to previous hikes preceding such crises, but it’s not that simple
Aug 09, 2024 15:03 PM

Shanghai Composite Index Fell 0.27% on Friday
Shenzhen Component Index closed down 0.62%
Aug 09, 2024 05:14 AM

Ex-Vice President of ICBC’s Shandong Branch Disappears Amid Graft Crackdown
Li Ming has been out of contact following the downfall of three senior ICBC executives in the past two months
Aug 07, 2024 15:03 PM

Shanghai Composite Index Rose 0.09% on Wednesday
Shenzhen Component Index closed down 0.17%
Aug 06, 2024 16:55 PM

Finance Movers and Shakers: China’s New Top Finance Graft-Buster, Ex-Policy Banker Suspected of Massive Bribery
Highlights of the past fortnight include: Shanghai Stock Exchange VP put under graft probe, CSRC deputy Fang Xinghai retires, HSBC China names global banking head
Aug 06, 2024 15:03 PM

Shanghai Composite Index Rose 0.23% on Tuesday
Shenzhen Component Index closed up 0.82%
Aug 06, 2024 04:59 AM

State-Backed Leasing Firm Misses $55.9 Million Bond Payment
The default came after Shanghai Industrial Financial Leasing’s negotiations with bondholders to win an extension failed
Aug 06, 2024 04:54 AM

Former Boss of Shanghai’s State-owned Conglomerate Tried for Embezzlement and Bribery
Zhou Jun faced charges of embezzling and taking bribes totaling $24.5 million