China Securities Regulatory Commission

Securities / Derivatives

SZSE, CSDC Issue Implementing Rules for ‘Full Circulation’ of H-Shares

By Editors | 06/01/2020

Full circulation will allow shareholders of mainland companies to convert non-tradeable, domestically-held shares into H-shares for trading in Hong Kong.

Enforcement

Shanghai Bourse Launches New Market Surveillance System

By Editors | 06/01/2020

The new monitoring system will enhance the effectiveness of front-line supervision, ensure fair transactions, and promote the stable and healthy development of the capital market, the SSE says.

Market Infrastructure

Shanghai-London Connect Suspended Amid Political Tensions – Reports

By Editors | 05/01/2020

A CSRC spokesperson has denied the suspension after multiple media reports emerged that SSE companies have been temporarily blocked from listing depositary receipts on the LSE.

Securities / Derivatives

New Securities Law to Take Effect in China from March 2020

By Editors | 28/12/2019

A fourth and potentially final draft of China’s new Securities Law has been submitted to the NPC Standing Committee’s bimonthly session.

Enforcement

China to Improve Mechanisms for Handling Bond Defaults

By Editors | 28/12/2019

Proposals include mechanisms for early detection and investigation of bond disputes, higher penalties for repayment failures, and lower costs for investors exercising litigation rights.

AML / KYC

SFC, CSRC Set Date for Southbound Investor Identification Regime

By Editors | 20/12/2019

With technical preparations now complete at exchanges and clearinghouses, southbound trading investor identification regime is scheduled for implementation on 13 January.

Market Infrastructure

JP Morgan Secures Business Licence for China Joint Venture

By Editors | 19/12/2019

The CSRC gave JP Morgan approval to set up majority-owned securities joint venture in China since March, but it has not been granted a licence to operate until now.

Enforcement

China, US in Talks on Allowing Joint Inspections of Auditors

By Editors | 19/12/2019

The CSRC has reportedly been in talks with the US audit regulator on allowing joint inspections of firms that audit Chinese companies listed in the US.

Securities / Derivatives

CSRC Issues Pilot Rules for Spin-Off IPOs by Listed Companies

By Editors | 17/12/2019

To spin off a unit, a listed company should have three-year cumulative net profits of at least 600mn yuan, which is lower than the 1bn yuan requirement proposed in an August consultation.