CHINA SECURITIES REGULATORY COMMISSION

    Market Infrastructure

    HKEX Instructs Market to Stop Issuing BCANs to Mainland Investors

    By Editors | 24/06/2022

    The instructions follow a December 2021 consultation from the CSRC that said Mainland investors would not be allowed to engage in northbound Stock Connect trading.

    Securities / Derivatives

    CSRC Explains Rule Requiring Fund Firms to Set Up CCP Units

    By Manesh Samtani | 23/06/2022

    The requirement for public fund companies to establish an internal CCP unit is “not linked to data security”, a CSRC official said.

    Securities / Derivatives

    SSE, SZSE Issue Rules to Curb Convertible Bond Volatility

    By Darien Choong | 22/06/2022

    Daily price limits will be implemented for listed convertible corporate bonds. Excessive volatility will result in risk warnings.

    Securities / Derivatives

    China Regulators Issue Notice on Promoting Private Pensions

    By Darien Choong | 17/06/2022

    The notice encourages FIs to help individuals plan early for retirement and emphasises the need to improve income levels among the elderly.

    Enforcement

    Another Former CSRC Official Under Corruption Probe

    By Editors | 14/06/2022

    The probe is linked to another investigation involving an official who worked for the CSRC department that oversaw listings on the ChiNext board.

    Securities / Derivatives

    China: Banks, Fund Managers Directed to Rein In Executive Pay

    By Editors | 14/06/2022

    Fund houses are required to defer a portion of executive bonus payments. Senior staff are directed to invest their bonuses in financial products issued by their companies.

    Securities / Derivatives

    CSRC Orders Six Brokerage Firms to Correct Violations

    By Editors | 14/06/2022

    The CSRC has issued warning letters to six securities companies, ordering them to correct violations involving their overseas subsidaries.

    Securities / Derivatives

    Shanghai Bourse Streamlines Process for Credit Bond Issuance

    By Editors | 09/06/2022

    The SSE says the enhanced review process for credit bond issuance and listing is simpler, more clear, and more transparent.

    Securities / Derivatives

    Foreign Firms Express Concern Over CSRC Cybersecurity Rules

    By Editors | 05/06/2022

    Financial firms are reportedly concerned that proposed new rules on cybersecurity could make them vulnerable to hackers and present sector-wide risks.

    AML / KYC

    Former CSRC Official Sentenced to Death With Reprieve

    By Editors | 05/06/2022

    A former CSRC official and Communist Party city chief was found to have taken $41mn in bribes between 2004 and 2020.

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