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  1. CSRC crackdown exposes 66 cases of securities offences

    Posted Nov 10th 2008, 12:00am by Staff Reporter

    ... regulations, according to a Xinhua report. The CSRC had seized 153 million yuan (HK$173.75 million) connected with the illegal trading cases, and imposed fines of 146 million yuan on more than 200 individuals from the 66 cases. This compares with a total of 54 convictions last year. Fines for the first nine months already exceed the total for the whole of last year. The news report came as CSRC ...

  2. CSRC finds flaws in China Railway's corporate governance

    Posted Nov 01st 2008, 12:00am by Toh Han Shih

    ... salaries. The CSRC went to the state-owned firm's Beijing headquarters on October 15, 16, 17 and 21 and interviewed executives including chairman Shi Dahua and president Li Changjin, China Railway said. 'The company scrupulously complied with CSRC's requests by providing various documents and co-operating effectively,' it said. China Railway, which is listed in Hong ...

  3. CSRC to gauge market pulse for share sales

    Posted Mar 22nd 2008, 12:00am by Staff Reporter

    ... Commission (CSRC) also said property developers would be barred from using initial public offering proceeds to buy land- a policy aimed at preventing speculation. The benchmark Shanghai Composite ... chief at the CSRC's issuance approval department, told the Shanghai Securities News that the regulator would strictly review refinancing applications and gauge the necessity of the plan ...

  4. CSRC acts to ensure transparency in policies to quash rumours

    Posted Apr 30th 2008, 12:00am by Staff Reporter

    ... 'The CSRC and its branches will fully abide by the rules to boost a healthy growth in the market,' it said. Last month, the mainland was rife with rumours that Beijing would soon cut stamp duty to bolster the sagging stock market. But the authorities did not make any move for about a month, causing many investors to lose money. According to the provisional rules, the CSRC ...

  5. CSRC reshuffled in run-up to National People's Congress

    Posted Jan 07th 2008, 12:00am by Martin Zhou

    ... in March, a number of candidates are vying for the two CSRC vice-chairman posts vacated by Mr Fan and Tu Guangshao, who was recently appointed vice-mayor of Shanghai. Sources said it remained to be seen whether CSRC chairman Shang Fulin would stay on. 'Policy orientation largely hinges on the No1 boss,' said a Beijing-based source. 'It is still unclear whether the reshuffle ...

  6. CSRC to revamp IPO allocation rules

    Posted Apr 29th 2008, 12:00am by Staff Reporter

    ... retail investors a better chance of owning lucrative initial offering stocks, a CSRC source said. The regulator was seeking to reform a system that had long been in favour of cash-rich ... allowed to take part in the online bidding usually win more offer shares, shortchanging individual investors. The CSRC had previously considered barring institutions from bidding for new shares ...

  7. Major revamp looms at CSRC, stock exchanges

    Posted Feb 25th 2008, 12:00am by Carol Chan

    ... Carol Chan Regulator to get new vice-chairman The China Securities Regulatory Commission and the Shanghai and Shenzhen bourses will undergo a management reshuffle soon that would see CSRC ... in Tokyo, including Sanyo Securities, CLSA and Societe Generale. He joined CSRC as deputy director-general of the Futures Supervision Department in 1993 and was one of those who set up ...

  8. CSRC official talks up planned second board

    Posted Mar 26th 2008, 12:00am by Staff Reporter

    ... with additional good investment choices,' Mr Yao said. 'The companies will help enhance the confidence of investors, who will play an increasingly active role in the market.' The CSRC ... on the second board. The CSRC lowered the listing thresholds for growth companies, allowing unprofitable firms to sell shares on the second board if their annual revenue exceeded 30 million yuan ...

  9. CSRC toughens asset deal rules for listed firms

    Posted Jul 07th 2008, 12:00am by Staff Reporter

    ... financial advisers must apologise if the investment returns of an acquisition are 20 per cent below estimates. The CSRC will issue a warning to the advisers if the profits are 50 per cent less than projected. This is the first time the regulator has issued detailed rules governing financial advisers- a sign that the CSRC is determined to weed out irregularities in asset deals. The rules ...

  10. CSRC move may signal more listings

    Posted Jun 25th 2008, 12:00am by Staff Reporter

    ... investors from betting on new stock sales. Hong Kong-listed Sichuan Expressway will attend a hearing of the CSRC listing committee on Friday and if given approval could raise 2 billion yuan (HK$2.27 ... will be accepted by the market.' Sources said the CSRC was taking a hard line on new applications to avoid a share flood on a moribund market. Riding a 97 per cent rally in the market last year, ...




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