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Financial Institutions

UBS Group to Continue to Increase Shareholdings in UBS Securities Following Relaxing of Investment Restrictions, Senior Executive Says

UBS Group to Continue to Increase Shareholdings in UBS Securities Following Relaxing of Investment Restrictions, Senior Executive Says

UBS Group AG [VTX:UBSG] will look to increase its shareholdings in its Chinese investment bank and brokerage affiliate UBS Securities…

Nov 13, 2017
Chen Juan
‘China Will Significantly Ease Market Access to Financial Sector,’ Vice Foreign Minister Says

‘China Will Significantly Ease Market Access to Financial Sector,’ Vice Foreign Minister Says

US President Donald Trump and his Chinese counterpart, Xi Jinping, have reached agreements on various matters during the former’s state visit to China.

Nov 10, 2017
Xu Wei
CSRC Sub-Committee’s Low IPO Approval Rate Puts Pressure on Investment Banks

CSRC Sub-Committee’s Low IPO Approval Rate Puts Pressure on Investment Banks

The China Securities Regulatory Commission sub-committee in charge of reviewing initial public offerings has approved 56 percent of A-share IPOs…

Nov 10, 2017
Dou Shicong
China’s Online P2P Lending Continues Decline Amid Tightened Supervision

China’s Online P2P Lending Continues Decline Amid Tightened Supervision

China’s peer-to-peer online lending sector turned over CNY218.39 billion (USD33.06 billion) in October, down 7.12 percent from a month earlier,…

Nov 2, 2017
Liao Shumin
CSRC Orders Hithink RoyalFlush to Take Corrective Action After Selling Funds Illegally

CSRC Orders Hithink RoyalFlush to Take Corrective Action After Selling Funds Illegally

The Zhejiang bureau of the China Securities Regulatory Commission (CSRC) has ordered Hithink RoyalFlush Fund Sales Co., a subsidiary of…

Nov 1, 2017
Liao Shumin
Several CSRC Issue Examiners Are Targets of Investigation for Insiderism in LeTV’s IPO

Several CSRC Issue Examiners Are Targets of Investigation for Insiderism in LeTV’s IPO

Several members of the China Securities Regulatory Commission (CSRC) in charge of examining securities issues are under investigation over a…

Oct 31, 2017
Dou Shicong
All Financial Businesses, Including Cash Loans, Will Be Supervised, PBOC Pledges

All Financial Businesses, Including Cash Loans, Will Be Supervised, PBOC Pledges

In response to recent reports that the swift growth of cash loans cries out for standardization, relevant officials of the…

Oct 30, 2017
Xu Wei
Over 600 Chinese Internet Finance Platforms Ply Bank Depository Business

Over 600 Chinese Internet Finance Platforms Ply Bank Depository Business

Ever more platforms are embarking on the bank depository business as the Chinese Government further tightens its screws on the internet finance industry.

Oct 30, 2017
Dou Shicong
CSRC Spurns Two Companies’ Restructuring Plans in One Week, Citing Targets’ Doubtful Profitability

CSRC Spurns Two Companies’ Restructuring Plans in One Week, Citing Targets’ Doubtful Profitability

Within one week, the China Securities Regulatory Commission (CSRC) has rejected the restructuring plans of two listed firms on grounds of the dubious profitability of their target companies.

Oct 24, 2017
Yang Jiao
China’s Insurance Regulator Dismisses Speculation It Will Reinstate Industry Qualification Exams

China’s Insurance Regulator Dismisses Speculation It Will Reinstate Industry Qualification Exams

Online speculation that the China Insurance Regulatory Commission will resume its qualification test for insurance agents is just a rumor, the regulator said yesterday.

Oct 24, 2017
Dou Shicong
Shenzhen, Toronto Stock Exchanges Team Up to Serve Innovative Tech Firms, Integrate Cross-Border Capital

Shenzhen, Toronto Stock Exchanges Team Up to Serve Innovative Tech Firms, Integrate Cross-Border Capital

Shenzhen Stock Exchange and Toronto stock exchange operator TMX Group Ltd. [TSE:X] have signed a memorandum of understanding to boost…

Oct 17, 2017
Dou Shicong
China’s Insurance Regulator Okays Tencent’s Insurance Intermediary

China’s Insurance Regulator Okays Tencent’s Insurance Intermediary

Shenzhen-based Weimin Insurance Agency, founded by Chinese internet giant Tencent Holdings Ltd. [HKG:0700] and Taiwan’s Fubon Financial Holding Co., has…

Oct 12, 2017
Dou Shicong

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