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

Aug 04, 2023 04:45 AM

Central Bank Governor Vows More Financial Support for Private Sector
Pan Gongsheng in meeting with representatives of private businesses outlines plan to roll out guidelines for expanded backing
Aug 03, 2023 21:50 PM

Argentina Taps China Currency Swap Line to Help Repay IMF Loan
The South American country uses the yuan to repay more than half of a $2.7 billion loan installment due this week amid a collapse in its dollar reserves
Aug 03, 2023 15:03 PM

Shanghai Composite Index Rose 0.58% on Thursday
Shenzhen Component Index closed up 0.53%
Aug 03, 2023 04:47 AM

Former ICBC Asset Management Chief Under Probe
Graft busters investigate Gu Jiangang two years after two subordinates were sent to prison for corruption
Aug 02, 2023 15:03 PM

Shanghai Composite Index Fell 0.89% on Wednesday
Shenzhen Component Index closed down 0.35%
Aug 02, 2023 04:04 AM

Flooding in Northern China Triggers $23 Million of Insurance Claims
Total includes damage to vehicles and businesses with most of claims filed in hard-hit Mentougou and Fangshan districts of Beijing
Aug 02, 2023 03:02 AM

China Cinda to Sell $166 Million of Founder Securities Shares
State-owned bad-debt manager will divest 2% of the brokerage’s stock through a bidding process and retain a 6.62% interest
Aug 02, 2023 02:56 AM

Exclusive: State Insurance Giant China Life Names New Chief
Top actuary Li Mingguang becomes Communist Party head and is set to succeed Zhao Peng as president
Jul 31, 2023 20:59 PM

Chart of the Day: China’s Personal Mortgages Post First Decline in a Decade
Policymakers are becoming increasingly worried about economic growth after recent data showed real estate investment shrank at a faster pace and housing sales plunged
Jul 31, 2023 20:16 PM

Citadel Securities Hires Former BlackRock Exec to Lead China Business
Tony Tang, also previously a deputy director of the international affairs department at China’s top securities watchdog, will begin his new role in September
Jul 28, 2023 15:03 PM

Shanghai Composite Index Rose 1.84% on Friday
Shenzhen Component Index closed up 1.62%
Jul 28, 2023 04:51 AM

China’s First U.S. IPO Under New Listing Rules Moves a Step Closer
Majestic Ideal Holdings is one of 25 Chinese mainland companies to have filed registration materials with regulators under a new procedure for overseas listings
Jul 27, 2023 18:04 PM

China Tech Stocks on Brink of Bull Market on Stimulus Hopes
Hang Seng Tech Index climbs 2.9%, extending gains from a May low to 19.7%
Jul 27, 2023 15:03 PM

Shanghai Composite Index Fell 0.2% on Thursday
Shenzhen Component Index closed down 0.41%
Jul 27, 2023 04:56 AM

Graft Busters Probe Senior Guizhou Rural Banking Official
Ma Linbo, Communist Party chief and chairman of a rural credit union, is caught up in sweeping anti-corruption crackdown
Jul 27, 2023 03:14 AM

Troubled Bank of Qinghai Gets a New Top Shareholder
Provincial finance bureau takes over 19.71% stake from the province’s state-owned assets investment manager
Jul 26, 2023 20:52 PM

Charts of the Day: China’s Household, Overall Debt-to-GDP Ratios Rise to a Record
Growth in leverage was driven by government debt amid efforts to support the economic recovery, report shows
Jul 26, 2023 02:25 AM

China’s Central Bank Issues Draft Rules on Data Security Management
PBOC guidelines aim to fill gaps in data security and steer data handlers to comply with terms of China’s Data Security Law
Jul 26, 2023 02:21 AM

China Issues Draft Rules to Fuel Cross-Border Trade and Investment
Foreign exchange regulator proposes expanding trial of cross-border financing program and altering limits on certain fund transfers
Jul 25, 2023 21:01 PM

Pan Gongsheng Named as China’s New Central Bank Governor
Pan, a deputy governor and Communist Party committee chief of the PBOC, replaces Yi Gang