China Securities Regulatory Commission

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.

Enforcement

China Issues Authoritative Guidance on Handling Bond Disputes

By Editors | 16/07/2020

In disputes involving breach of contract, fraud or false statements – the issuer, its controlling shareholders, directors, and senior management will be held liable for bondholder losses.

Securities / Derivatives

CSRC to Introduce Side Pocket Mechanism for Funds

By Editors | 15/07/2020

The CSRC first issued draft guidelines in August 2019, saying it was “learning from liquidity risk management in overseas markets”.

Enforcement

Chinese Financial Regulators Vow Crackdown on Fraud

By Editors | 14/07/2020

The FSDC set out measures to speed up investigations and criminal prosecutions, increase penalties and civil compensation, and improve stock market delisting mechanisms.

Securities / Derivatives

CSRC Issues New Classification Regulations for Securities Firms

By Lucy Zhang | 14/07/2020

The new regulations maintain the overall framework of the regulatory system of classification and focus on optimising the CSRC’s evaluation indexes to address practical issues.

Enforcement

CSRC Imposes Underwriting Restrictions on GF Securities

By Editors | 13/07/2020

14 GF Securities officers have also been barred from investment banking. The enforcement action is related to a $12.6bn fraud at drugmaker Kangmei Pharmaceutical.

Securities / Derivatives

China Allows Foreign Bank Branches to Enter Fund Custody Business

By Editors | 12/07/2020

Applicant banks must be of “high quality”, specifically in relation to risk management, international reputation, operating performance, profitability and market share.

Enforcement

CSRC to Punish 258 Firms Illegally Financing Margin Trading

By Editors | 09/07/2020

The CSRC warns that illegal lenders are offering margin loans via websites, mobile apps and social media, promising investors 10 times leverage and high profits.

Enforcement

Ex-ICBC Shanghai Boss Pleads Guilty to Bribery

By Editors | 08/07/2020

Prosecutors said Gu Guoming took advantage of his position to help others obtain loans and project contracts, and illegally received bribes worth over 136 million yuan.