China Securities Regulatory Commission

Chinese brokerage drops plans for Shanghai IPO in favour of Hong Kong

Hong Kong's stock exchange could benefit from a fresh influx of IPO hopefuls from the mainland. Photo: Reuters

After two years, Central China Securities has scrapped its plans for an initial public offering in Shanghai as the mainland brokerage believes it will be easier and quicker to raise up to US$400 million in Hong Kong.

Tuesday, 11 March, 2014, 12:35am

Web sharing hits raw nerve for officials

The rapid-fire spread of information on Weibo and its peers means politics is not the only focus of concern for the authorities. Photo: Reuters

The China Securities Regulatory Commission announced on June 21 tighter supervision of market-sensitive information shared using social media platforms, in particular Weibo, the mainland's largest microblogging service.

8 Jul 2013 - 8:45am

Local banks march to Hong Kong

Guo Shuqing, Chairman of the China Securities Regulatory Commission, speaks at a press conference. The CSRC has been giving signals that it could soon lift a freeze on IPOs. Photo: SCMP

Three regional lenders are moving ahead with Hong Kong IPO plans due to a need for cash, but may be forced to scrap their plans if sentiment doesn't improve

25 Jun 2013 - 12:39pm

CSRC tightens rules to crack down on fraud

New CSRC chairman Xiao Gang

The mainland securities regulator plans to restrict share issuers and major holders from selling their stocks at below the initial public offering price as part of new rules aimed at cracking down on fraud and protecting investors.

8 Jun 2013 - 3:39am

China punishes two brokerages in IPO fraud crackdown

A brokerage house in Jiujiang, Jiangxi province. China’s stock market has suffered from rampant corporate scandals. Photo: Reuters

China’s securities watchdog has punished two brokerages for violating rules in helping fraudulent firms to list shares, underlining Beijing’s determination to bring credibility to a stock market some have likened to a casino.

29 Aug 2013 - 4:13am

CSRC in internet share sales warning

Several companies are selling shares without authorisation through the popular mainland retail website Taobao. Photo: Thomas Yau

A crackdown on the unauthorised selling of shares online has been launched by the China Securities Regulatory Commission (CSRC), Xinhua reports. Several companies are selling shares without authorisation through the popular mainland retail website Taobao, the CSRC has announced.

27 May 2013 - 5:06am

Chinese broker lifts stake in asset firm

CITIC Securities plans to buy back a 10 per cent stake in mutual fund house China Asset Management.

Citic Securities, the mainland's largest brokerage, plans to buy back a 10 per cent stake in mutual fund house China Asset Management, in a move to boost its sliding margins.

The company said it would spend up to two billion yuan (HK$2.53 billion) to buy the stake from Wuxi Guolian Development Group, raising its ownership of the asset management firm to 59 per cent.

23 May 2013 - 4:27am

China's new securities regulator must continue on path of market reform

Guo Shuqing. Photo: Reuters

Guo Shuqing's departure after 17 months in office at the China Securities Regulatory Commission is not good news for a securities market in need of overhaul. The various schemes he launched were aimed at long-term market reform, and their effects can only be felt after a few years of implementation.

28 Mar 2013 - 3:30am

Shanghai stocks swing as Xiao Gang takes over top CSRC job

Millions of investors have regarded former CSRC chief Guo Shuqing as a white knight after he implemented reforms that rescued them from heavy losses. Photo: AP

Mainland equity investors initially appeared unimpressed with the appointment of Xiao Gang as the chairman of the China Securities Regulatory Commission. When he took office on Monday, the Shanghai market fell 1.68 per cent. But the market rebounded 0.78 per cent and 2.66 per cent in the next two days.

21 Mar 2013 - 5:34am

Bank of China loses chairman, gains regulatory ally

Bank of China announced that its chairman Xiao Gang had resigned for unexplained reasons. Photo: Reuters

Bank of China announced that its chairman Xiao Gang had resigned for unexplained reasons. Simultaneously, Chinese media reported that Xiao had been named as the new head of China's securities regulator, the China Securities Regulatory Commission or CSRC. 

18 Mar 2013 - 5:45pm

Bank of China chief Xiao Gang is to head securities watchdog

Xiao Gang was applauded for his outspoken style after the recent scandals involving wealth management products.Photo: SCMP Pictures

Beijing has picked the chairman of the Bank of China, Xiao Gang, to replace Guo Shuqing as head of the mainland's securities regulator, at a time when massive reforms are being undertaken to revive the stock market.

BOC said in a statement late last night that Xiao had resigned.

29 Aug 2013 - 4:13am

Beijing to ease rules over securities firms

The China Securities Regulatory Commission (CSRC) is also contemplating a trial to allow Hong Kong, Macau and Taiwanese financial institutions to hold a stake of as much as 51 per cent in mainland securities firms in Shanghai, Shenzhen and other designated cities.

14 Mar 2013 - 7:47am

Top mainland bankers likely to stay on in jobs past retirement age

Zhou's vast experience likely to keep him in job. Photo: Reuters

In a departure from the usual game of musical chairs among China's political circle, People's Bank of China Governor Zhou Xiaochuan, and Guo Shuqing, head of the China Securities Regulatory Commission, are likely to stay on.

25 Feb 2013 - 5:43am

Stock market under Guo shows how politics clashes with reform

Guo Shuqing, chairman of China Securities Regulatory Commission. Photo: Bloomberg

Hopes are riding high that China's new leaders will live up to their promises and press ahead with much-needed economic reforms.

But a look at the mainland's stock market and how it is regulated provides an object lesson in just how difficult implementing real reform can be.

31 Jan 2013 - 5:20am

Profits dampener for mainland IPOs

Nearly a third of the companies that launched offerings last year would report earnings drops. Photo: Xinhua

Data from information provider Hexin Flush Information Network shows firms that listed last year had unexpectedly lacklustre earnings for the year.

31 Jan 2013 - 5:20am