CHINA SECURITIES REGULATORY COMMISSION

Securities / Derivatives

Shanghai to Pilot Secondary Market for PE, VC Funds

By Sanday Chongo Kabange | 04/12/2021

The pilot is being launched at the Shanghai Equity Exchange to experiment with ways to expand the exit channels available to investors in PE and VC funds.

Securities / Derivatives

Chinese, US Authorities Working to Resolve Audit Issues

By Editors | 28/11/2021

CSRC director-general Shen Bing said authorities are “working very hard” to prevent Chinese companies being delisted from US exchanges.

Enforcement

China Cracks Down on Online ‘Influencers’ for Tax Evasion

By Darien Choong | 27/11/2021

Fines against two influencers comes as China cracks down the entertainment and livestreaming industries, including in the securities sector.

Fintech / Regtech

Blockchain Projects Featured in Beijing Innovation Trials

By Darien Choong | 24/11/2021

Four of the selected projects, out of 51 submitted, are based on blockchain. One selected project seeks to use the digital yuan in securities trading.

Securities / Derivatives

CSRC to Expand Sponsor Obligations on Due Diligence

By Editors | 24/11/2021

New draft guidelines seek to ensure better quality information disclosures for listed companies by expanding the scope of sponsors’ responsibilities.

Enforcement

Chinese Court Rules Executives, Auditors Liable for Kangmei Fraud

By Darien Choong | 17/11/2021

Kangmei Pharmaceutical, its executives and auditors will be held fully liable for CNY 2.5bn of investor losses in China’s first ever class action against corporate fraud.

Market Infrastructure

Beijing Stock Exchange Starts Trading With 81 Listings

By Sanday Chongo Kabange | 14/11/2021

The first batch of listings will start trading today (15 November), just two months after the SME-focused exchange was proposed by President Xi Jinping.

Securities / Derivatives

CSRC Bars Brokers from Using ‘Influencers’ to Push Stocks

By Editors | 14/11/2021

Securities firms are prohibited from working with social media influencers who are not licensed. Providing investment recommendations via livestreaming is banned.

Securities / Derivatives

CSRC Publishes Final Rules for Beijing Stock Exchange

By Editors | 02/11/2021

The final rules for a new stock exchange in Beijing dedicated to SMEs will take effect on 15 November, which could also be the day the exchange launches.