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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.
Market Infrastructure
CSRC Issues New Rules for China Offices of Foreign Exchanges
By Editors | 31/07/2019
Representative offices of foreign exchanges have 12 months to register with the CSRC, and are prohibited from engaging in any profit-making activities in China.
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.
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