CHINA SECURITIES REGULATORY COMMISSION

Enforcement

CSRC Imposes Record Penalty in Insider Trading Case

By Editors | 26/06/2020

A Shanghai entrepreneur and his daughter were penalised a total 3.6bn yuan, representing a record fine and confiscation of illegal gains.

Securities / Derivatives

‘Time is Ripe’ for Hong Kong to Launch A-share Derivatives: CSRC

By Manesh Samtani | 23/06/2020

CSRC vice chairman Fang Xinghai says the launch of A-share based financial derivatives will bolster Hong Kong as an international financial centre, while also benefitting China’s capital markets.

Market Infrastructure

CSRC to Further Promote Shanghai as International Financial Centre

By Editors | 22/06/2020

The pace of opening up China’s capital market has further accelerated, in spite of the Covid-19 pandemic, CSRC chairman Yi Huiman said at the 12th Lujiazui Forum in Shanghai on Thursday.

Securities / Derivatives

CSRC Approves Full JP Morgan Control of Futures Joint Venture

By Editors | 18/06/2020

JP Morgan will boost its stake in the joint venture from 49% to 100%, making it the first fully foreign-owned futures business in China.

Securities / Derivatives

China Pacific Insurance Lists GDRs in London

By Editors | 17/06/2020

The issuance is the largest capital raising on the LSE in three years, even at a 10% discount to China Pacific Insurance’s corresponding A-shares in Shanghai.

Enforcement

Former CSRC Official Jailed for 12 Years for Bribery, Insider Trading

By Editors | 16/06/2020

The case against the CSRC’s former Hunan bureau head was said to be linked to a probe into CSRC former vice chairman Yao Gang, who was jailed for 18 years in 2018.

Securities / Derivatives

CSRC to Ease Rules for Major Shareholders of Securities Firms

By Editors | 16/06/2020

The profitability, net assets and experience requirements will be relaxed for major shareholders of securities companies.

Securities / Derivatives

China Finalises New IPO Rules Shenzhen’s ChiNext Board

By Editors | 15/06/2020

Under the new market-based IPO pricing system, companies seeking a ChiNext listing will have to abide by stricter information disclosure rules, but will no longer require CSRC approval.

Securities / Derivatives

CSRC Green-lights Trading in Six New Commodity Options Contracts

By Editors | 14/06/2020

The ZCE will launch trading steam coal options; the DCE will launch polypropylene, PVC and LLDPE options; and the SHFE will launch aluminum and zinc options.