China Securities Regulatory Commission

Enforcement

CSRC Hands Out $1.2bn in Penalties in Bumper Year

By Manesh Samtani | 15/05/2018

Regulator handed out penalties amounting to $1.19bn in 2017, an 80% increase from 2016; market bans involved 44 persons, the highest in recent years.

Securities / Derivatives

JPMorgan Seeks Majority Stake in China Ventures

By Manesh Samtani | 14/05/2018

The US bank’s Hong Kong unit has applied for 51% stake in a Chinese securities firm; also announced plans for majority stake in its fund management joint venture.

AML / KYC

Hong Kong-based Regulatory Alliance Eyes Better Fintech Supervision

By Garima Chitkara | 10/05/2018

Asian regulators, former central bankers and government officials establish information exchange alliance to better regulate fintech, digital payments and cryptocurrency developments in the region.

Securities / Derivatives

CSRC Consults on Rules for Foreign Ownership in Securities Firms

By Manesh Samtani | 09/05/2018

Foreign majority shareholders must be reputable financial institutions with three year track record; Nomura becomes the latest to seek establishment of majority owned joint venture securities firm in China.

Market Infrastructure

China Issues Draft Rules for Depository Receipt Issuance

By Manesh Samtani | 07/05/2018

Rules include requirements related to investor protection, information disclosures; Shanghai-London Stock Connect to allow cross listings of depository receipts.

Securities / Derivatives

China Allows Foreign Ownership Majority at Securities Firms

By Manesh Samtani | 02/05/2018

Ceiling on foreign ownership raised from 49% to 51%, effective immediately; CSRC reviewing first application from UBS to boost stake in China-based UBS Securities.

Securities / Derivatives

China Securities Regulator Encourages Rental Property Securitisation

By Editors | 28/04/2018

CSRC says rental asset-backed REITs will allow property developers to raise funds, reduce leverage and diversify investment options.

Market Infrastructure

HKEX Appoints Laura Cha as Chairman

By Editors | 27/04/2018

Industry veteran Laura Cha is first female chairman for a two-year term, subject to approval by chief executive Carrie Lam.

Securities / Derivatives

China Allows Domestic Investors to Buy Hong Kong Equity Research

By Editors | 26/04/2018

The CSRC has allowed certain types of Hong Kong brokerages to sell locally-focused research to Chinese mainland investors as it looks to further integrate the two markets.