CSRC Tag

07 Apr Expect more proposals on ESG issues in China, as reforms unleash minority shareholder activism, Allianz GI says

Posted at 03:00h in Asia

Under the mainland’s revised company law enacted in December, from July 1, the minimum ownership threshold for submitting shareholder resolutions to be voted on at shareholder meetings will be lowered from 3 per cent to 1 per cent.The move, together with the China Securities Regulatory...

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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...

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19 Mar China’s ‘broker butcher’ regulator to lead effort to nurture mainland competitors for Morgan Stanley, Goldman Sachs

Posted at 05:29h in Asia

Now he faces an uphill battle to reshape China’s 11 trillion yuan (US$1.5 trillion) securities industry as a prescription for reversing a three-year market slump and reviving confidence among the country’s 220 million individual investors.China Securities Regulatory Commission Chairman Wu Qing attends a press conference...

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15 Mar China vows to tighten IPO rules, clamp down on excesses to sustain a rebound in US$9.2 trillion stock market

Posted at 10:04h in Asia

China is tightening the screws on new domestic stock offerings, laying out some of the harshest rules, checks and balances and penalties yet for fake accounting, a move that could slow approvals and fees at the nation’s brokerages and investment banks.The government will control the...

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29 Feb China punishes hedge fund for high-frequency trading in index futures as it broadens crackdown on quant investments

Posted at 07:56h in Asia

It also failed to disclose the links between three corporate accounts and two retail accounts belonging to the owner and his relative, it said.The exchange will continue to strengthen its oversight of the market to clamp down on wrongdoings, it added.The episode underscores the intensifying...

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23 Feb China stock market: CSRC denies it is planning to inspect a decade of financial reports as part of clean-up, says fraud prevention a ‘continuous process’

Posted at 12:20h in Asia

The China Securities Regulatory Commission (CSRC) on Friday denied reports that it is planning to inspect a decade of financial data from companies listed in China, days after it vowed to tighten the screws on the stock market and promote high-quality growth.The commission does not...

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20 Feb China regulatory chief’s appointment indicates investor confidence, market reforms are top of the agenda

Posted at 07:38h in Asia

The Chinese securities watchdog’s new head, “Broker butcher” Wu Qing, has lost no time in tackling the turmoil that has rocked the country’s stock markets, after it hit five-year lows this month, unveiling a slew of proposals aimed at reviving market confidence.The China Securities Regulatory...

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06 Feb China’s market regulator pulls out all stops to boost sentiment as stocks meltdown imperils financial and social stability

Posted at 10:15h in Asia

China’s securities regulator has rolled out a slew of measures, ranging from short-selling curbs to harsher penalties for market breaches, in a bid to reverse a stock market rout that is seen posing a risk to financial and social stability.Tuesday’s announcement by the China Securities...

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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...

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