CHINA SECURITIES REGULATORY COMMISSION

Securities / Derivatives

CSRC Issues Comprehensive Rules for Brokerage Firms

By Editors | 31/07/2019

The role of brokerage firms in the securities market has not been fully utilised, and the professional services provided to investors are ‘seriously inadequate’, the CSRC says.

Enforcement

Another CBIRC Official Placed Under Corruption Probe

By Editors | 30/07/2019

China’s Central Commission for Discipline Inspection has reportedly opened a corruption probe into the CBIRC’s Fujian branch head, Qi Xinzheng.

Capital / Liquidity

China Simplifies Issuance of Preferred Shares for Smaller Banks

By Editors | 23/07/2019

The revised guidance makes it easier for non-listed banks to replenish Tier 1 capital through the issuance of preferred shares. To date, only listed banks have issued such instruments.

Enforcement

ICBC Graft Probe Linked to Ex-CSRC Chief Liu Shiyu – Report

By Editors | 17/07/2019

Chinese investigators are said to be targeting Liu’s affiliates for suspicious dealings involving investments in high yield wealth management products provided by ICBC Shanghai.

Securities / Derivatives

SSE STAR Market to Start Trading on 22 July

By Editors | 08/07/2019

The Shanghai Stock Exchange has said the first batch of listings on the new science and technology innovation board will start trading on 22 July.

Securities / Derivatives

China to Launch New Futures Contracts

By Editors | 08/07/2019

China will launch futures contracts in urea, rubber and glutinous rice, and potentially stainless steel futures later in the year.

Securities / Derivatives

CSRC to Use Investor Protection Funds to Bail Out Brokers in Crisis

By Editors | 08/07/2019

The draft rules say securities firms would need to provide equivalent collateral for loans from the Investor Protection Fund, which will charge 1.5 times the market lending rate.

Securities / Derivatives

China to Resume Approvals for Domestically Funded Securities Firms

By Editors | 07/07/2019

All newly approved brokerages since 2008 have been joint ventures between domestic and foreign investors. But market access should also be broadened to domestic investors, the CSRC says.

Market Infrastructure

China to Trial Discretionary Control for Investment Advisers

By Editors | 06/07/2019

Participating companies will be allowed to take full discretionary control of their clients’ investments, and charge fees based on AUM and performance.