securities

China Mulls Letting Four Brokers Try Margin Trading

From Bloomberg: Citic Securities Co. and three other brokerages may be allowed to offer loans for stock purchases as China’s government seeks to bolster the market after the benchmark index slumped 66 percent this year....

China Will Test Short Selling, Margin Lending

From Wall Street Journal: China’s securities regulator said Sunday it would shortly begin a trial program allowing securities firms to engage in margin lending and short selling, long considered necessary to help the...

Paper Trail Shows Millions Laundered

From Economic Observer Online: Only eight years after mysterious, lightning-quick transactions shuttled millions of yuan through his trading accounts did Yu Yinzeng realize that he might have been part of a money laundering...

China Sets Rules for Overseas Investments – Terence Poon and J.R. Wu

From SmartMoney.com: China’s securities regulator Wednesday issued detailed rules on overseas investments of securities companies and funds, expanding its overseas investment program for domestic investors. The continued expansion of the program comes a week after the State Council, China’s Cabinet, said it will widen channels for capital outflows, as Beijing seeks to curb flush liquidity […]

China Doubles Prison Terms for Stock Manipulators to 10 Years – Bloomberg

From Bloomberg News: China’s government doubled the maximum length of imprisonment for securities manipulators to 10 years, a move that may help boost investors’ confidence in the nation’s stock markets as state companies including Air China Ltd. prepare to sell local-currency A shares for the first time. In addition, a law enabling jail terms of […]

HK urges China to speed up financial reform – Tom Mitchell

From Financial Times (link) Hong Kong’s central banker on Thursday challenged his Chinese counterparts to increase the pace and scope of financial liberalisation, urging them to allow mainland investors to purchase Hong Kong securities and permit renminbi bond issuance in the territory. Wading into a previously internal Chinese debate about whether financial reforms have advanced […]

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