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Market Infrastructure
Goldman Files Application to Control China Securities JV
By Editors | 22/08/2019
Goldman is seeking to bring its China business in line with its operations in other parts of the world – as its local partner folds its operations into the joint venture.
Enforcement
CSRC Fines Four Individuals for Spreading False News
By Editors | 22/08/2019
The individuals, including a news editor, were fined for spreading ‘fabricated’ news that the CSRC blames for stock market declines in late January.
Market Infrastructure
China Levels Playing Field for Foreign Asset Managers
By AsianInvestor | 20/08/2019
By enlarging their investment scopes, the regulator is also paving the way for them to expand their businesses in China.
Market Infrastructure
Opening Up China’s Futures Market: A Consistent Message
By Manesh Samtani | 12/08/2019
Since the start of this year, Chinese regulators have been consistent about a plan to opening up the futures market to foreign investors.
Securities / Derivatives
China Relaxes ‘One Size Fits All’ Margin Financing Rules
By Editors | 12/08/2019
Brokerage firms can set lower thresholds before margin calls need to be initiated, and can accept additional forms of collateral to make up any shortfalls.
Enforcement
CSRC Imposes Six-Month Business Restriction on GF Securities
By Editors | 09/08/2019
The CSRC cited risk management and control deficiencies as reasons for the restrictions, after a hedge fund set up by the broker reported losses of $139mn for 2018.
Securities / Derivatives
China Allows Banks to Trade Bonds Via Stock Exchanges
By Editors | 08/08/2019
Currently, Chinese banks mostly trade bonds only in the interbank market. The move will increase their allowed scope for bond investments and improve the real economy’s access to financing.
Enforcement
CSRC Imposes $56mn Penalty on Individual for Insider Trading
By Editors | 08/08/2019
The individual learned of a gaming company’s acquisition plans months in advance and used 14 stock accounts set up by acquaintances to profit from the information.
Market Infrastructure
Morgan Stanley, JP Morgan Take Control of China JVs
By Editors | 06/08/2019
Morgan Stanley has become the latest foreign firm to control a securities JV in China, while JP Morgan becomes the first foreign firm to own a majority stake in an asset management JV.
Securities / Derivatives
SSE, SZSE Set to Allow Trading in HK-Listed Dual Class Shares
By Editors | 05/08/2019
The Shanghai and Shenzhen stock exchanges are consulting on rule changes that will allow Chinese investors to trade Hong Kong-listed dual-class shares via Stock Connect.
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