Financial Institutions

China Balances Forex Supply, Demand Last Month Despite Bank Deficit in Settlement, Sale

China Balances Forex Supply, Demand Last Month Despite Bank Deficit in Settlement, Sale

Though China saw a shift from a surplus to a deficit in banks’ forex settlements and sales last month, it…

Dec 19, 2017
Xu Wei
Micro-Lenders May Feel Squeeze After CBRC Bars Consumer Financiers From Funding Unqualified Groups

Micro-Lenders May Feel Squeeze After CBRC Bars Consumer Financiers From Funding Unqualified Groups

Micro-loan groups may feel a squeeze as the China Banking Regulatory Commission barred consumer finance companies from funding institutions that do not have lending qualifications last week.

Dec 15, 2017
Song Yikang & Du Chuan
China’s Banking Regulator Will Continue to Liberalize Market to Attract Foreign Investors

China’s Banking Regulator Will Continue to Liberalize Market to Attract Foreign Investors

The China Banking Regulatory Commission said yesterday that it will continue to enhance the investment and market environment in the…

Dec 14, 2017
Xu Wei
Anhui Province Sets Up USD1.5 Billion Quantum Fund

Anhui Province Sets Up USD1.5 Billion Quantum Fund

The government of Anhui province in eastern China has set up a fund worth CNY10 billion (USD1.51 billion) to invest…

Dec 13, 2017
Tang Shihua
China’s Securities Watchdog Warns Top Analyst Over Company Valuation

China’s Securities Watchdog Warns Top Analyst Over Company Valuation

China's top securities regulator has decided to punish a securities analyst, who has won several industry awards, for continually raising…

Dec 13, 2017
Chen Juan
Morgan Stanley Will Take Control of Its China Securities JV

Morgan Stanley Will Take Control of Its China Securities JV

The Chinese partner of Morgan Stanley [NYSE:MS] intends to sell its controlling stake in their joint venture (JV), Wei Christianson,…

Dec 8, 2017
Dou Shicong
China’s First Foreign Capital-Controlled Securities Joint Ventures Start Operations in Shenzhen

China’s First Foreign Capital-Controlled Securities Joint Ventures Start Operations in Shenzhen

HSBC Holdings PLC [LON:HSBA] and the Bank of East Asia Ltd. (BEA) have obtained respective licenses from regulators to start…

Dec 8, 2017
Xu Wei
Cathay Lujiazui Life Gets Capital Injection From Main Shareholders Following Rapid Business Expansion

Cathay Lujiazui Life Gets Capital Injection From Main Shareholders Following Rapid Business Expansion

Cathay Lujiazui Life Insurance Co., the first Chinese mainland-Taiwan joint venture life insurance firm, achieved rapid business growth following the…

Dec 7, 2017
Yang Qianwen
CSRC Cautions China Securities for Forcing College Students to Open Stock Accounts

CSRC Cautions China Securities for Forcing College Students to Open Stock Accounts

The China Securities Regulatory Commission (CSRC), the country’s top securities regulator, has issued a warning to the Nanjing branch of…

Dec 6, 2017
Dou Shicong
Brokerage Firm Founder Securities Sues Financially-Troubled Leshi Shareholders for Overdue Loan Repayment

Brokerage Firm Founder Securities Sues Financially-Troubled Leshi Shareholders for Overdue Loan Repayment

Founder Securities Co. [SHA:601901], a brokerage firm, filed lawsuits against several shareholders of cash-strapped internet company Leshi Internet Information &…

Dec 5, 2017
Dou Shicong
Huaxi Securities Moves Closer to IPO Despite Outstanding Disputes Regarding Equity Ownership

Huaxi Securities Moves Closer to IPO Despite Outstanding Disputes Regarding Equity Ownership

Huaxi Securities Ltd. (WCS) unveiled its initial public offering prospectus early last month, though outstanding issues related to equity ownership…

Dec 5, 2017
Li Jun
China’s Securities Regulator to Crack Down on Speculative Arbitrage, Violations of Law Under Pretext of Innovation

China’s Securities Regulator to Crack Down on Speculative Arbitrage, Violations of Law Under Pretext of Innovation

China Securities Regulatory Commission (CSRC), the securities regulator, will firmly crack down on unsupervised speculative arbitrage achieved through false increase…

Dec 4, 2017
Liao Shumin

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