Financial Institutions

SFC Freezes Client Accounts at Three Securities Firms Due to Suspected Market Manipulation

SFC Freezes Client Accounts at Three Securities Firms Due to Suspected Market Manipulation

Securities and Futures Commission of Hong Kong yesterday issued restriction notices to Caitong International Securities Co., Pacific Foundation Securities Ltd.…

Aug 31, 2017
Xu Wei
China’s Supreme People’s Procuratorate Investigates Ex-Head of Insurance Regulator

China’s Supreme People’s Procuratorate Investigates Ex-Head of Insurance Regulator

China’s Supreme People’s Procuratorate is investigating Yao gang, ex-vice chairman of China Securities Regulation Commission, on suspicion of taking bribes,…

Aug 31, 2017
Dou Shicong
NCI’s Insurance Business Falls 14% in First Half; CSF, Social Security Fund Increase Holdings

NCI’s Insurance Business Falls 14% in First Half; CSF, Social Security Fund Increase Holdings

New China Life Insurance Co. (NCI) [SHA:601336;HKG:1336], commonly called Xinhua Insurance, reported insurance business income of approximately CNY61.24 billion (USD9.29 billion) for the first six…

Aug 30, 2017
Xu Wei
Over 30 Chinese Authorities to Tighten Discipline for Insurance Offences

Over 30 Chinese Authorities to Tighten Discipline for Insurance Offences

The China Insurance Regulatory Commission, National Development and Reform Commission and People’s Bank of China are among over 30 departments…

Aug 30, 2017
Dou Shicong
Insurance Sector Risks Are Generally Controllable, Short-Term Products in Decline, CIRC Says

Insurance Sector Risks Are Generally Controllable, Short-Term Products in Decline, CIRC Says

Risks facing China’s insurance sector are generally controllable but the public must be aware of partial liquidity risks, corporate risks,…

Aug 29, 2017
Xu Wei
IPOs Abound in China Despite Investment Banks Fetching Fat Fees for Them

IPOs Abound in China Despite Investment Banks Fetching Fat Fees for Them

The number of initial public offerings on China’s stock markets has increased since the second half of last year despite investment banks charging fat fees for them.

Aug 28, 2017
Yin Jingfei
HKEx Inks Agreement with Sichuan Provincial Government to Jointly Develop Financial Business

HKEx Inks Agreement with Sichuan Provincial Government to Jointly Develop Financial Business

The Hong Kong Exchanges and Clearing Limited [HKG:0388] has signed a Memorandum of Cooperation with the government of China’s southwestern…

Aug 25, 2017
Dou Shicong
Baidu, China Life Insurance to Form USD1 Billion Internet Investment Fund

Baidu, China Life Insurance to Form USD1 Billion Internet Investment Fund

China Life Insurance Co. [SHA:601628;HKG:2628] and Chinese internet giant Baidu Inc. [NASDAQ:BIDU] will set up a CNY7-billion (USD1.05-billion) fund focused on middle-to-later stage…

Aug 25, 2017
Xu Wei
Tontine Wines Mulls Buying 25 Percent Stake in Online Liquor Store Wangjiu.Com

Tontine Wines Mulls Buying 25 Percent Stake in Online Liquor Store Wangjiu.Com

Tonghua Tontine Winery Co., a wholly-owned subsidiary of China Tontines Wines Group Ltd. [HKG:0389], has entered a memorandum of understanding…

Aug 23, 2017
Luan Li
Six Payment Providers Secure Board Seats at Wanglian, China’s New Non-Bank Settlement Platform

Six Payment Providers Secure Board Seats at Wanglian, China’s New Non-Bank Settlement Platform

The director of China’s Online Settlement Platform for Non-Bank Payment Institutions, the new clearing platform for all of China’s digital…

Aug 23, 2017
Yin Yi
Shanghai Regulator Crashes Cryptocurrency Conference, Accuses Host of Illegally Selling Entropy

Shanghai Regulator Crashes Cryptocurrency Conference, Accuses Host of Illegally Selling Entropy

Shanghai’s market regulator crashed a digital currency forum to conduct a surprise check, and accused the conference organizer of illegally selling the cryptocurrency Entropy (ETP).

Aug 22, 2017
Dou Shicong

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