China Securities Regulatory Commission

Capital / Liquidity

China Restricts Borrowings, Suspends OTC Options to Curb Brokerage Risks

By JP Reimann | 16/04/2018

Central bank will cap outstanding balances of short-term financing tools at 60% of a brokerage’s net capital; cap to be adjusted every six months based on brokers’ liquidity profiles.

Crypto / Digital Assets

Report Suggests China May Support Global Crypto Regulation

By Manesh Samtani | 03/04/2018

PBOC’s Institute of International Finance says China would actively participate in a G20-led effort to establish a global regulatory framework.

Enforcement

CSRC Flexes Muscles with Internal Control, Market Integrity Rules

By Samuel Riding | 02/04/2018

Securities regulator, which remains independent after recent reshuffle, tightens rules on investment bank internal controls, securities and futures market participation.

Securities / Derivatives

China Launches Depository Receipt Pilot

By Editors | 31/03/2018

Overseas-listed tech firms with market cap over 200 billion yuan can issue CDRs; unlisted firms valued over 20 billion yuan to be considered for domestic listings.

Enforcement

SSE Re-stocks Disciplinary Arsenal

By Editors | 26/03/2018

New documents give Shanghai exchange greater powers over trading members and investors.

Market Infrastructure

Guo Shuqing to Head China Super Regulator

By Samuel Riding | 26/03/2018

Senior party official will take responsibility for merged banking, insurance regulator, as predicted by Regulation Asia last February.

Market Infrastructure

China to Allow Offshore Listed Firms to Issue Depository Receipts

By Editors | 20/03/2018

Move aimed at attracting back to the mainland China’s overseas-listed tech giants Alibaba, Tencent, Baidu.

Enforcement

CSRC Issues Record $900mn Fine for Market Manipulation

By Samuel Riding | 15/03/2018

Staff at the firm and their associates alleged to have used more than 300 trading accounts to make illicit profits of $150mn.

Market Infrastructure

China Banking, Insurance Regulators Set to Merge

By Manesh Samtani | 14/03/2018

The merger will eliminate inefficiencies and regulatory overlap; rule making powers and prudential supervision responsibilities will transfer to China’s central bank.