CHINA SECURITIES REGULATORY COMMISSION

Securities / Derivatives

CSRC Grants Citigroup Approval to Launch Custody Business

By Editors | 01/08/2021

The licence allows Citi to provide custody services for fund products issued by fund firms or other asset managers in China.

Securities / Derivatives

CSRC Releases Latest Grades for Securities Firms

By Manesh Samtani | 01/08/2021

Goldman Sachs Gaohua Securities, Morgan Stanley Huaxin, and Credit Suisse Founder Securities made the list for the first time.

Securities / Derivatives

US SEC to Require New Disclosures from Chinese Issuers

By Manesh Samtani | 31/07/2021

Chinese issuers with VIE structures will have to “prominently and clearly” disclose that they face uncertainty about future actions by the Chinese government.

Enforcement

CSRC Fines ByteDance Employee for Insider Trading

By Sanday Chongo Kabange | 30/07/2021

The CSRC fined the ByteDance employee nearly nine times the profit he made from trading shares on insider information.

Securities / Derivatives

China Will Still Allow IPOs in the US, CSRC Tells Brokers

By Sanday Chongo Kabange | 29/07/2021

Regulators will continue to allow VIE structures, recognising that they serve as a vital way for companies to attract foreign capital.

Securities / Derivatives

CSRC Approves China Telecom Shanghai IPO Following US Ban

By Sanday Chongo Kabange | 28/07/2021

China’s flow of IPOs to the US is expected to ease, with companies instead choosing to list in Shanghai, Shenzhen, or Hong Kong.

Securities / Derivatives

Sumitomo Mitsui Seeks Approval to Launch China Brokerage

By Editors | 28/07/2021

Sumitomo Mitsui Financial Group and SMBC Nikko Securities filed a joint application with the CSRC on Tuesday.

AML / KYC

SFC Calls on Industry to Report Suspected Ramp-and-dump Activity

By Manesh Samtani | 26/07/2021

Ramp-and-dump scams now account for about half of the market manipulation cases being investigated by the SFC. Overseas investors also being targeted.

Securities / Derivatives

China to Exempt Hong Kong IPOs from Cybersecurity Reviews

By Editors | 18/07/2021

Chinese officials have reportedly outlined an exemption from the requirement to undergo a cybersecurity review for companies destined for a Hong Kong IPO.