CHINA SECURITIES REGULATORY COMMISSION

Securities / Derivatives

SSE, SZSE Issue Rules on the Exchange of Corporate Bonds

By Editors | 05/08/2020

The rules require companies that issue replacement bonds to exchange for maturing debt to make exchange offers to all bondholders on an “equal and voluntary basis”.

Securities / Derivatives

CSRC, SSE, SZSE Issue New Rules for Index Funds

By Lucy Zhang | 05/08/2020

The guidelines are aimed at further regulating the establishment, operation and governance of index funds and protecting investors.

Market Infrastructure

CSRC Consults on Enhanced Rules for Fund Managers

By Lucy Zhang | 04/08/2020

The changes are aimed at promoting the high-quality development of the public fund industry so that it can better serve the real economy.

Enforcement

Chinese Regulators Complete Luckin Probe, Confirm Fraud

By Editors | 04/08/2020

The Ministry of Finance and State Administration for Market Regulation both intend to impose administrative penalties against Luckin Coffee for fraud.

Securities / Derivatives

China: NEEQ Launches ‘Select Tier’, Most Stocks End Lower

By Editors | 27/07/2020

By the end of first day’s trading, about two-thirds of the 32 stocks launched on the new ‘Select Tier’ closed below their initial offering prices.

Securities / Derivatives

CSRC Updates Rules for Managing Margin Deposits for Futures

By Editors | 21/07/2020

The revisions strengthen the obligations of depository banks and futures companies in managing margin deposits for futures trading, and clarify that the same rules apply for overseas participants.

Enforcement

NAFMII Penalises Bank of Beijing with Underwriting Suspension

By Editors | 20/07/2020

NAFMII says Bank of Beijing failed to perform due diligence and adequately monitor five bond issuances for Kangde Xin Composite Material Group, all of which defaulted in recent years.

AML / KYC

China: Regulators Seize Nine FIs Linked to Tomorrow Group

By Editors | 20/07/2020

The CBIRC has seized control of four insurance companies and two trust companies, while the CSRC has taken over two securities firms and one futures brokerage.

Market Infrastructure

China to Connect Interbank, Exchange Traded Bond Markets

By Editors | 19/07/2020

Qualified investors will be able to buy and sell tradable bonds in either of the two markets through a single nominee account, subject to meeting investor suitability requirements.