China Securities Regulatory Commission

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.

Enforcement

China: Luckin Investors Launch Lawsuit Under New Securities Law

By Editors | 26/04/2020

A lack of cross-border regulation presents a challenge to holding Luckin Coffee entities and executives to account for alleged misconduct and fraud.

Securities / Derivatives

CSRC Approves Credit Suisse Majority Control of Securities JV

By Editors | 20/04/2020

The approval allows Credit Suisse to raise its stake in a joint venture with Founder Securities from 33.3% to 51%, making it the latest foreign firm to gain majority control of a domestic brokerage in China.

Securities / Derivatives

China’s Top Two Brokerage Firms Explore Merger – Report

By Editors | 14/04/2020

A merger between Citic Securities and CSC Financial would create a $67bn investment bank, surpassing the market cao of most other foreign competitors.

Market Infrastructure

China Opens Treasury Bond Futures Market to ICBC, BOC, BoCom

By Editors | 13/04/2020

Participation by the three banks in the treasury bond futures market will improve liquidity, enhance price discovery, and create a more meaningful yield curve.

Enforcement

CSRC Opens Investigation into Fraud at Coffee Chain

By Editors | 06/04/2020

The chief operating officer of Nasdaq-listed Luckin Coffee, along with his employees, are said to have fabricated about $310mn worth of sales transactions.

Securities / Derivatives

CSRC Starts Accepting Licence Applications from US Fund Managers

By Editors | 02/04/2020

BlackRock and Neuberger Berman applications to set up wholly-owned mutual fund units were accepted on the first day foreign ownership caps were scrapped in China.

Securities / Derivatives

China Launches New LPG Futures, Options Contracts

By Editors | 31/03/2020

The day-apart launches mark the first time futures and options for a single product debut nearly simultaneously on a Chinese commodities exchange.

Securities / Derivatives

Goldman, Morgan Stanley Approved to Control China Securities JVs

By Editors | 29/03/2020

The two US banks have approval to raise their stakes in their securities joint ventures to 51%. On 1 April, foreign ownership caps for securities firms and fund managers will be scrapped entirely.