Financial Institutions

August Sees 10%+ Growth in China Financial Institutions’ Assets, Liabilities for Year Low, CBRC Says

August Sees 10%+ Growth in China Financial Institutions’ Assets, Liabilities for Year Low, CBRC Says

China had USD36.20 trillion (CNY238.95 trillion) of banking financial institutions’ assets at the end of last month, up by 11…

Sep 26, 2017
Xu Wei
China Will Open Up Its Agricultural Futures Market, CSRC Vice Chairman Says

China Will Open Up Its Agricultural Futures Market, CSRC Vice Chairman Says

The China Securities Regulatory Commission (CSRC) will push forward deregulation of the agricultural commodity futures market for foreign investors so…

Sep 22, 2017
Liao Shumin
S&P Cuts Credit Rating of Three Foreign Banks Operating in China

S&P Cuts Credit Rating of Three Foreign Banks Operating in China

After cutting China’s sovereign debt rating, Standar& Poor’s Financial Service LLC (S&P) yesterday lowered the credit rating of three foreign…

Sep 22, 2017
Liao Shumin
CSRC Hands Out Over USD15.18 Million in Insider Trading Penalties

CSRC Hands Out Over USD15.18 Million in Insider Trading Penalties

The China Securities Regulatory Commission has punished inside traders on the security, futures and stock markets. Last year was the…

Sep 22, 2017
Zhang Xia
Ping An Insurance Controls Data About 880 Million Chinese Users, Says Company Executive

Ping An Insurance Controls Data About 880 Million Chinese Users, Says Company Executive

Big Data can detect those who lie about their incomes when buying wealth management products, industry professionals said. This is…

Sep 21, 2017
Liao Shumin
China’s Major Insurance Firms Encouraged to Invest in USD10.2 Bln Aged Care Community Projects, Regulator Says

China’s Major Insurance Firms Encouraged to Invest in USD10.2 Bln Aged Care Community Projects, Regulator Says

As of end-June 2017, there are a total of eight insurance mechanisms investing in 29 aged care community projects, with…

Sep 21, 2017
Liao Shumin
Tencent Becomes Strategic Investor in Joint-Venture Investment Bank CICC

Tencent Becomes Strategic Investor in Joint-Venture Investment Bank CICC

China’s first joint venture investment bank, China International Capital Corp. (CICC) [HKG:3908] has brought in internet giant Tencent Holdings Ltd. [HKG:0700] as a…

Sep 21, 2017
Liao Shumin
American Hedge Fund Aristeia Capital Wages Proxy Battle With Sina

American Hedge Fund Aristeia Capital Wages Proxy Battle With Sina

American hedge fund Aristeia Capital LLC, one of the large shareholders of Sina Corp., [NASDAQ:SINA] has waged a proxy battle…

Sep 20, 2017
Liao Shumin
Foreign Private Equity Firms Adopt Localization Strategy to Seize Share in China’s Multi-Trillion-Yuan Asset Management Market

Foreign Private Equity Firms Adopt Localization Strategy to Seize Share in China’s Multi-Trillion-Yuan Asset Management Market

Fullerton Fund Management's wholly foreign-owned enterprise, Fullerton Investment Management (Shanghai) Co., has been granted ‘Private Fund Management’ (PFM) approval from…

Sep 19, 2017
Liao Shumin
First Capital Denies Rumors JD.com Is in Talks to Buy 24% Stake in It

First Capital Denies Rumors JD.com Is in Talks to Buy 24% Stake in It

First Capital Securities Co. [SHE:002797], a Shenzhen-based innovation securities broker, has denied rumors e-commerce giant JD.com Inc. [NASDAQ:JD] is in…

Sep 15, 2017
Dou Shicong
Securities Association of China Urges Brokers to End War on Trade Commissions, May Set Minimum Fee

Securities Association of China Urges Brokers to End War on Trade Commissions, May Set Minimum Fee

"If the war on trading commissions continues, there will be no way out" was the general consensus reached by participating…

Sep 15, 2017

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