CHINA SECURITIES REGULATORY COMMISSION

Securities / Derivatives

CSRC Drafts Rules to Force Issuers to Repurchase Fraudulent Issuances

By Lucy Zhang | 27/08/2020

Stock issuers may be ordered to repurchase shares if they conceal material facts or fabricate information in securities issuance documents.

Securities / Derivatives

CSRC Publishes Classification Results for Securities Firms

By Editors | 27/08/2020

The classification reflects securities firms’ governance structures, risk management capabilities, continuous compliance status, and business development status.

Securities / Derivatives

CSRC Offers to Allow PCAOB to Inspect State-owned Entities – Report

By Editors | 27/08/2020

The CSRC proposes to allow the PCAOB to choose any Chinese state-owned enterprises for trial inspections, though information related to national security would be redacted.

Securities / Derivatives

SZSE’s ChiNext Debuts First 18 Listings Under New IPO System

By Manesh Samtani | 24/08/2020

18 companies rose by 212 percent on average on their first day of trading, with one company rising more than 2,900 percent during the day.

Fintech / Regtech

PBOC to Construct New Infrastructure in Big Data Hub

By Lucy Zhang | 24/08/2020

The new high-security data centre will be built in Guian New Area and become a key component of the PBOC’s new financial infrastructure.

Fintech / Regtech

CSRC Drafts Rules on Third-party Platforms Use by Securities Firms

By Lucy Zhang | 19/08/2020

The rules require brokerage firms to guarantee technical and data security when using third-party platforms to conduct securities business activities.

Enforcement

CSRC Optimises Rules on Administrative Reconciliation

By Lucy Zhang | 13/08/2020

The revisions will help to ensure investors are compensated for losses in a timely manner and market order is restored as soon as possible, the CSRC says.

Securities / Derivatives

CSRC Revises Rules on Corporate Bond Issuance, Trading

By Editors | 11/08/2020

One of the main changes is the removal of a requirement for bond issuers to seek credit ratings, which will make it easier for companies to sell debt securities.

Enforcement

US Regulators Unveil Plan to Deal With Chinese Listings

By Editors | 08/08/2020

A presidential working group which includes the chairmen of the SEC, CFTC and Fed has recommended changes to US listing rules to require access to companies’ audit papers.