Tag: CSRC

FINTS Morning Brief (12 September 2016)

Liu Shiyu, Chairman of the China Securities Regulatory Commission, said at the 7th Shanghai Stock Exchange Member General Assembly that 1) “no systematic risk” is the bottom line to be held; 2) “protecting the legitimate…


FINTS MORNING BRIEF (31 August 2016)

The China Insurance Regulatory Commission proposes to raise standards for qualifying organizations or individuals to become shareholders of insurance companies: FINTS A state-controlled fund with a planned size of 150 billion yuan initiated by China…


FINTS MORNING BRIEF (15 August 2016)

The China Securities Regulatory Commission demands corporate bonds issuers to conduct self-inspection and rectification: Caixin China’s economic growth is expected to decelerate from 6.9% in 2015 to 5.9% in 2020, partly due to structural problems…


Shanghai DZH countersues CSRC over falsified 2013 earnings

Shanghai DZH Ltd, a Shanghai listed supplier of Internet financial information services, has countersued the China Securities Regulatory Commission on August 1 over the latter’s decision that it has falsified its 2013 earnings, prompting hundreds…


CSRC TIGHTENING REGULATIONS AND SUPERVISION ON CORPORATE BONDS

Owing to the rise in corporate debts and potential for defaults since 2015, branch offices of the China Securities Regulatory Commission has been issuing regulatory announcements to securities companies nationwide in a move to tighten…


CSRC ALERTS MAINLAND INVESTORS TO RISK IN USE OF UNAUTHORIZED PLATFORMS TO TRADE OFFSHORE SHARES

The China Securities Regulatory Commission (CSRC) on Tuesday warned domestic investors against the use of unauthorized internet platforms and mobile apps to trade offshore shares. Recently, a number of mobile apps have emerged in mainland…


CSRC BANS STRONG STOCKHOLDERS FROM PARTICIPATING IN PRIVATE PLACEMENT VIA FINANCIAL CHANNELS

Shareholders with more than 5% stake in a listed company should directly subscribe to the company’s non-publicly issued shares instead of through financial channels such as asset management programs and limited partnerships, said the China…


AEOLUS TYRE WINS LAWSUIT AGAINST CHINA’S SECURITIES REGULATOR

A Chinese listed company is winning a lawsuit in court against the country’s powerful securities regulator, the China Securities Regulatory Commission (CSRC), the rare case of a listed company winning over the regulator in China’s…


FINTS MORNING BRIEF (9 JULY 2016)

The bidding prices for seven land plots out of the eight auctioned in Nanjing yesterday exceeded a ceiling price set by the local government, leaving the biddings invalid Statistics shows that more than 20 financial…


CSRC REPORTEDLY STARTS HARSH SPECIFIC CHECK-UP ON IPO APPLICANTS

A source close to the China Securities Regulatory Commission (CSRC) said that the regulator is expected to diminish the list of 894 companies applying for Initial Public Offering (IPO) to about one third of the…


CSRC institutes salary reduction plan for officials

The China Securities Regulatory Commission has recently set an annual salary ceiling for its officials at no higher than 600,000 yuan (or $90,300), according to sources close to the CSRC. However, information has not been…


FINTS MORNING BRIEF (28 Jun 2016)

PBoC’s 2016 Financial Stability Report calls for vigorous efforts to push forward financial reform Shenzhen Stock Exchange inquires China Resources and Baoneng Group on whether the two companies are parties acting in concert Shenzhen Stock…


FINTS MORNING BRIEF (23 Jun 2016)

At the latest executive meeting, the State Council requires large commercial banks expand their services to small- and medium-sized companies; the meeting also urges further opening sectors such as civil airport, basic telecom operations and…