CHINA SECURITIES REGULATORY COMMISSION

    Enforcement

    CSRC Accuses Guangdong Fund Manager of Lying to Investors

    By Editors | 24/05/2020

    Guangdong-based Cornerstone Management reportedly lost 70% in two funds after promising a minimum 8% annual return.

    Securities / Derivatives

    Fidelity Applies for Approval to Sell Retail Funds in China

    By Editors | 21/05/2020

    Fidelity already operates four privately managed funds in China targeting institutional clients and high net-worth individuals.

    Enforcement

    CSRC Bans Six Executives for Kangmei Pharma Accounting Fraud

    By Editors | 17/05/2020

    The company and 21 of its employees have also been fined for using false documents and transaction records to inflate cash positions.

    Market Infrastructure

    China Issues Guidelines on Greater Bay Opening Up

    By Editors | 15/05/2020

    The PBOC will pilot cross-border PE and VC investments and explore the establishment of a futures exchange in Guangzhou and an international commercial bank to serve Greater Bay Area.

    Market Infrastructure

    China to Allow Foreign Banks’ Local Branches Fund Custody Licence

    By Editors | 12/05/2020

    Under the trade agreement with the US in January, China committed to allowing branches of US financial institutions to provide fund custody services in the country within five months.

    Securities / Derivatives

    CSRC Eases Market Cap Requirement for CDR Issuance

    By Editors | 04/05/2020

    Innovative Chinese companies listed overseas will be eligible to list depositary receipts at home with just $2.8bn in market cap, compared to $28bn under 2018 rules.

    Securities / Derivatives

    China to Pilot REITs Issuance in Infrastructure Sector

    By Editors | 02/05/2020

    Under a pilot programme, infrastructure projects in major economic areas can be securitised to form publicly-traded REITs.

    Enforcement

    CSRC Vows Cross-border Cooperation in Luckin Fraud Case

    By Editors | 28/04/2020

    The CSRC has been communicating with US regulators, looking to deepen cross-border cooperation to combat misconduct and fraud and to protect investors.

    Securities / Derivatives

    Shenzhen’s ChiNext Moves Closer to Market-based IPO System

    By Editors | 28/04/2020

    The new registration-based IPO system will simplify the months or years companies typically have to wait before listing their shares.

    Securities / Derivatives

    CSRC Approves DCE Launch of Hog Futures Product

    By Editors | 27/04/2020

    China is home to about half of the world’s pigs and produces around 50 million tonnes of pork a year.

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