From AP: Trading on China’s new stock market catering to smaller companies will begin Oct. 23, the chairman of the country’s securities regulator said Saturday. The Growth Enterprises Market is meant to nurture...
From Bloomberg: China’s benchmark stock index fell the most in nine months as foreign direct investment plunged, Ping An Insurance (Group) Co.’s profit missed estimates and Yunnan Copper Industry Co. said there are “no clear...
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....
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...
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...
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 […]
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 […]
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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