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16 Apr China Evergrande: PwC refutes letter claiming fraud tied to indebted developer, vows to investigate ‘fabricated’ claims

Posted at 07:34h in Asia

PricewaterhouseCoopers (PwC) has refuted a letter alleging that its partners were involved in auditing fraud tied to bankrupt Chinese developer China Evergrande Group and said it has taken measures to investigate the origins of the “false information”.The anonymous letter, titled “Who dragged PwC into the...

31 Mar Overseas investors’ appetite for Chinese stocks continues to recover after second month of buying in March

Posted at 04:00h in Asia

“We’ve seen a shift in stance by foreign investors and that’s a positive signal for Chinese stocks,” said Dong Zhongyun, an analyst at Avic Securities. “It’s worthwhile watching the flows of northbound investment [through the Stock Connects], as that’s where fresh capital comes from, and...

31 Mar China’s first-quarter IPOs plunge 65% as regulator’s focus on listing quality saps pipeline

Posted at 03:00h in Asia

China’s initial public offerings (IPOs) tumbled 65 per cent in the first quarter, a trend that is likely to persist through the year as the securities regulator has pledged to improve the quality of new listings and apply more scrutiny to listing applicants.Twenty-eight companies have...

07 Feb China, wary of stock market downturn, appoints new regulatory chief

Posted at 10:17h in Asia

China has appointed Wu Qing – a capital markets veteran – to head the nation’s securities watchdog, an appointment that will place a cumulative US$11 trillion in value under his supervision as one of several measures laid down by Beijing to blunt a downturn.Wu, who...

01 Feb China’s securities regulator raises suspicion of financial fraud committed by chip developer Beijing Zuojiang Technology

Posted at 12:30h in Asia

The China Securities Regulatory Commission (CSRC) said it found the 2023 financial disclosures of Shenzhen-listed Zuojiang to be “seriously untrue” and “suspected [the company] of significant financial fraud”, according to the agency’s statement on Monday about the results of its preliminary investigation.The CSRC said...

28 Jan Chinese regulators seek to restore calm in stock markets, bar investors from lending securities during restricted periods

Posted at 10:00h in Asia

The announcement comes after mainland China’s stock markets recorded sharp drops this year. The Shanghai Composite Index, for example, closed trading at 2,756.34 on January 22, about 7.5 per cent lower than when it started the year at 2,962.28. On Friday, the index closed...

China Securities Regulatory Commission Tag

31 Mar Overseas investors’ appetite for Chinese stocks continues to recover after second month of buying in March

07 Feb China, wary of stock market downturn, appoints new regulatory chief

01 Feb China’s securities regulator raises suspicion of financial fraud committed by chip developer Beijing Zuojiang Technology

28 Jan Chinese regulators seek to restore calm in stock markets, bar investors from lending securities during restricted periods

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