Beijing liberalises mutual fund market

A Ping An Insurance building in Shanghai. Photo: Reuters

The decision is expected to introduce more than 50 new competitors to the mutual fund sector as the China Securities Regulatory Commission (CSRC) strives to drive up the key indicators.

Wednesday, 20 February, 2013, 2:20am

CSRC orders underwriters and auditors to review listing applicants

An investor wonders over the future of his stock amid a deep slump in the market. Photo: Reuters

The mainland securities regulator has ordered underwriters and auditors to conduct in-depth checks on nearly 900 listing applicants, at a time when it has suspended new share sales to bolster investor confidence.

10 Jan 2013 - 4:21am

Winds of change 'to blow through' China's economy

Workers build walls in Shanghai's Lujiazui financial area. Some predict major economic reform under Xi Jinping's leadership. Photo: Reuters

Despite perceptions that China's new leadership under Xi Jinping will be conservative, some analysts believe Xi's administration-in-waiting seriously intends to undertake economic reforms.

Laura Cha Shih May-leung, a Hong Kong deputy to the National People's Congress, is one of those believers.

27 Nov 2012 - 4:08am

Briefs, November 20, 2012

EU gives ING more time to repay bailout loans

CSRC loosens capital rules for brokerages

20 Nov 2012 - 3:51am

Train makers set sights on 38.4b yuan tenders

Mainland train makers are on track for a boost as the government may soon issue tenders for new high-speed trains. Photo: Reuters

The mainland may issue at least 38.4 billion yuan (HK$47.6 billion) worth of high-speed train tenders within the next two months, ending a more than a year-long hiatus following a fatal crash.

The government will probably seek bids for between 300 and 400 train sets, according to Citigroup analyst Paul Gong, who met people at the nation's two major train makers.

9 Nov 2012 - 3:59am

Zhengzhou Coal seeks approval for shares to be sold at a discount

Zhengzhou Coal seeks approval for shares to be sold at a discount

Zhengzhou Coal Mining Machinery is seeking regulatory approval to sell shares in Hong Kong at a more than 10 per cent discount to its Shanghai-traded stock, two people with knowledge of the matter said.

28 Sep 2012 - 3:53am

China's stock regulator is clutching at straws

China's stock regulator is clutching at straws

Beijing's efforts to talk up the mainland's domestic stock market are sounding increasingly desperate.

This week the China Securities Regulatory Commission said it would relax restrictions on margin trading, allowing investors greater leeway to leverage up and buy stocks with borrowed money.

1 Sep 2012 - 8:09am

China regulator poised to give foreign investors bigger brokerage choice

China's securities regulators are poised to let foreign institutional investors increase the number of brokerages they can do business with on the mainland, the latest in a string of efforts aimed at shoring up domestic stock markets.

31 Aug 2012 - 3:18am

More foreign stake in Chinese brokerages

A dejected investor counts his losses at a brokerage house in Anhui as Shanghai stocks take another beating. Photo: Reuters

Beijing is set to increase the investment cap for foreign investors setting up joint-venture brokerages on the mainland, the securities regulator announced yesterday as the stock market hit a 42-month low.

5 Oct 2012 - 7:02pm

CSRC gives priority to western region IPOs

An investor at a brokerage in Nanjing passes the time playing cards - he may soon have more firms from the mainland's west to invest in. Photo: Xinhua

The mainland securities regulator is giving priority to 75 companies based in western provinces for market listing, in a move to boost the underdeveloped hinterland.

15 Aug 2012 - 1:33am

Three senior regulators on way out of CSRC

The China Securities Regulatory Commission (CSRC) is facing a reshuffle, as three senior regulators have either left or will leave soon.

The personnel changes have fuelled speculation that chairman Guo Shuqing will step up the CSRC's market reforms.

17 May 2012 - 12:00am

CSRC pushes for bank loans to brokerages

The China Securities Regulatory Commission (CSRC) has proposed allowing brokerages to raise loans from commercial banks - a move aimed at helping them expand their services to tap the rising affluence of mainlanders.

14 May 2012 - 12:00am

CSRC to scrutinise cash positions of listed firms

The mainland's securities regulator is inspecting listed firms to identify those that have not allocated a reasonable amount of cash for dividend payouts.

11 May 2012 - 12:00am

Brokerage shares rally as CSRC lowers fees

Shares of mainland brokerages rallied yesterday as Beijing moved to lower trading fees in a bid to revive the moribund stock market.

Analysts say that could lead to the injection of more investment funds.

3 May 2012 - 12:00am

CSRC to take step back on reviews

The mainland securities regulator will relinquish its authority to conduct preliminary reviews of refinancing applications from firms traded on the second-board market - a move aimed at streamlining controversial share placement procedures.

9 Jan 2012 - 12:00am