ADVERTISEMENT
Securities / Derivatives
CSRC Issues Revised Disclosure Rules for Listed Companies
By Editors | 25/03/2021
The new rules introduce additional safeguards against insider trading and improve the timing of disclosure of major events.
Enforcement
CSRC Bans Haitong Securities from Advisory Work for One Year
By Editors | 25/03/2021
The CSRC said Haitong did not effectively control risk in its bond business dealings, which resulted in Yongcheng Coal’s CNY 1 billion default.
Securities / Derivatives
Vanguard Scraps Plans to Obtain China Mutual Fund Licence
By Editors | 18/03/2021
Vanguard says the mutual funds market is “fairly crowded” and that it would instead focus on a JV with Ant Group providing robo-advisory services to retail investors.
Enforcement
CSRC Fines Fund Manager ¥1.1m for Fraud, Embezzlement
By Editors | 16/03/2021
Cornerstone Capital’s controlling shareholder was also fined for fabricating the financials of funds managed by the firm.
Securities / Derivatives
CSRC Mulls Tighter Listing Rules for STAR Market Stocks
By Ranamita Chakraborty | 15/03/2021
The revised rules are expected to emphasise the technology credentials and financial health of companies seeking a listing on the STAR Market.
Capital / Liquidity
PBOC to Limit Short-term Bond Issuance by Securities Firms
By Editors | 10/03/2021
Short-term bonds issued by securities firms will subject to a limit of 60% of net capital. The eligibility criteria have also been strengthened.
Securities / Derivatives
CSRC Revises Rules on Corporate Bond Issuance, Ratings
By Editors | 04/03/2021
Companies will no longer be required to engage a rating agency and obtain a credit rating before they issue bonds for sale on the public market.
Securities / Derivatives
SSE, SZSE Agree Mechanism for NEEQ Firms to Transfer Listings
By Sanday Chongo Kabange | 03/03/2021
NEEQ-listed companies that have total equity of at least CNY 30 million and at least 1,000 shareholders can transfer to the SSE STAR Market or the SZSE’s GEM board.
Securities / Derivatives
SZSE Launches Technical Systems for Publicly Offered REITs
By Sanday Chongo Kabange | 01/03/2021
A review system, information disclosure website and offline offering system went live on 1 March, completing the SZSE’s technical preparatory work for a national REITs pilot programme.
Enforcement
CSRC Issues Warning Letters to Audit, Asset Appraisal Firms
By Editors | 28/02/2021
Warning letters have been issued to 8 audit firms, 28 certified public accountants, 6 assessment agencies, 27 asset appraisers and 6 practitioners.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team