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Securities / Derivatives
CSRC Approves Daiwa for Majority Owned Securities Joint Venture
By Editors | 31/08/2020
Daiwa will own 51% of the securities joint venture through which it will be seeking licences to provide brokerage, investment banking, and securities underwriting services.
Securities / Derivatives
CSRC Grants BlackRock Approval For Fully-owned Mutual Fund Unit
By Editors | 30/08/2020
The approval makes the BlackRock the first foreign financial institution to receive approval to set up a wholly-owned mutual fund unit in China.
Market Infrastructure
SFC, CSRC Approve Hong Kong-Mainland ETF Cross-listing
By Manesh Samtani | 28/08/2020
The new scheme follows the resumption of discussions between the SFC and CSRC in January on setting up an ETF Connect mechanism, after technical issues impeded earlier progress.
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.
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