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

Jul 17, 2023 15:03 PM

Shanghai Composite Index Fell 0.87% on Monday
Shenzhen Component Index closed down 0.63%
Jul 17, 2023 08:20 AM

Cover Story: Fund Manager’s Dark Arts Lift Lid on China’s Debt Mess
One individual gamed the murky system of structured bonds to raise billions for local governments, with regulators now scrambling to eradicate the practice that could help derail the economic recovery
Jul 15, 2023 18:44 PM

ANZ to Shutter Wholly Owned Bank in Chongqing in Asia Strategy Shift
Australia and New Zealand Banking Group began tweak to focus on large corporate and institutional clients in the region in 2016
Jul 15, 2023 02:11 AM

Chinese Collapsed P2P Platform Founder Sentenced to Life Imprisonment
Peng Tie was convicted of illegally taking over a billion dollars from deposits
Jul 15, 2023 01:51 AM

China’s Central Bank Confident in Economic Recovery
Officials say current challenges are “normal” for post-pandemic recovery
Jul 14, 2023 03:48 AM

Former Senior Chinese Banking Regulator Stands Trial for Bribery
Cai Esheng’s charges include taking bribes totaling more than 500 million yuan
Jul 14, 2023 02:26 AM

Exclusive: Former Everbright Chairman Tang Shuangning Out of Contact
Sources say Tang and his wife were taken away by authorities on Wednesday
Jul 13, 2023 22:00 PM

In Depth: As China’s Property Crisis Deepens, Sinking Shares Spark Delisting Threat
Sichuan Languang became the first developer to be removed from an exchange this year and more could follow as share prices sink below a 1 yuan threshold
Jul 13, 2023 15:03 PM

Shanghai Composite Index Rose 1.26% on Thursday
Shenzhen Component Index closed up 1.61%
Jul 13, 2023 03:49 AM

China Shuts ‘Fake’ Foreign Investors out of Stock Connect Program
Ban by securities watchdog comes into effect, closing a loophole investors could use to “round trip” trades
Jul 12, 2023 19:53 PM

Chinese Mainland Savers Rush to Hong Kong to Capitalize on Higher Returns, Less Risk
Many visitors have been putting their money into insurance policies and savings accounts in the financial hub since the border fully reopened
Jul 12, 2023 18:21 PM

Major Chinese Banks Launch Digital Currency Payments That Don’t Need the Internet
The feature works through special SIM cards that allow users of the lenders’ e-CNY wallets to make transactions even when their phones are offline or dead
Jul 12, 2023 15:03 PM

Shanghai Composite Index Fell 0.78% on Wednesday
Shenzhen Component Index closed down 0.99%
Jul 12, 2023 05:08 AM

Hong Kong Regulator Confident in Streamlining of Cross-Border Transfer of Mainland Audit Paper
Accounting and Financial Reporting Council chair says procedure will be “greatly shortened” from 9-month average
Jul 11, 2023 15:03 PM

Shanghai Composite Index Rose 0.55% on Tuesday
Shenzhen Component Index closed up 0.78%
Jul 11, 2023 03:34 AM

China’s Mutual Funds Slash Fees to Encourage Investor Participation
19 firms have cut fees on almost 1,600 products in response to new plan from regulators
Jul 11, 2023 02:33 AM

China Extends Policy to Take Pressure off Ailing Property Market
Notice allows real estate developers to postpone loans by another year as part of effort to rescue critical industry
Jul 10, 2023 20:37 PM

Ant Group Proposes Share Buyback at Roughly 30% of IPO Valuation
The fintech giant is offering to repurchase close to 8% of its stock, shortly after being hit with a fine of almost $1 billion
Jul 10, 2023 19:57 PM

New Rules for China’s $3 Trillion Private Fund Industry Have More Teeth, Experts Say
Most past regulation was released by regulators and didn’t carry the same legal weight as the new framework, which has been approved by the country’s cabinet
Jul 10, 2023 15:03 PM

Shanghai Composite Index Rose 0.22% on Monday
Shenzhen Component Index closed up 0.5%