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.

Thursday, 28 March, 2013, 3:30am

Shanghai's international board still years away

Still waiting...Investors look at a stock prices on computer screens at a securities exchange in Shanghai. Photo: AFP

Anyone hoping for a launch of the board anytime soon will be deeply disappointed to learn the latest signals pointing to a debut in 2015 at the earliest and most likely much later.

14 Mar 2013 - 2:55pm

Evergrande in US$580m placement

Evergrande Real Estate

Evergrande Real Estate, the mainland's biggest property developer by area sold last year, is seeking to raise as much as US$580 million through a share placement after its strong performance in recent months.

17 Jan 2013 - 4:19am

Interest in China's once lucrative mutual fund sector wanes

ING was one of the first into the market but has now sold its 33 per cent holding in China Merchants Fund Management. Photo: Reuters

The exit of ING Group from one of the mainland's earliest securities investment joint venture marks overseas players' waning interest in the once-vaunted mutual fund market.

12 Nov 2012 - 4:27am

Business Digest, November 1, 2012

Yuan has been testing the stronger limit of its trading band in the past week.

Brokerages face lower hurdles for licences

1 Nov 2012 - 4:48am

Investors fail to read prospectuses

The regulators have worked hard to improve corporate disclosure standards but it is a question whether small investors really care.

28 Aug 2012 - 3:38am

Bank robbers out in the open

A foreclosure sign fronts a bank-owned home in Las Vegas. Foreclosure on family homes turns the American dream into a nightmare.Photo: AFP

Who's robbing banks now?

Willie Sutton, infamous as a bank robber, gained fame for his supposed response when he was asked why he robbed banks: "Because that's where the money is." *

15 Aug 2012 - 1:36am

Beijing pushes for key projects in infrastructure

In the face of a global economic slowdown, Premier Wen Jiabao has called for the launch of major infrastructure projects to draw private investment.

15 Aug 2012 - 10:46pm

Bocom gets ready for loan-backed product launch

Bank of Communications (Bocom) is gearing up to issue a securities product backed by collateral loans as Beijing prepares to reopen the asset-backed securities (ABS) market after a three-year hiatus.

16 Jul 2012 - 12:00am

Start spreading the news - a lot earlier

Knowledge is power. That is especially true when it comes to investing in initial public offerings. On July 8 in the SCMP, columnist Jake van der Kamp argued that retail investors seem to be getting too little of it - or rather that information on IPO issuers is being made available to the public too late in the process ('SFC appears to be in la-la land over listing documents').

16 Jul 2012 - 12:00am

Hontex challenges SFC case for IPO refund

Suspended sports-fabric maker Hontex International Holdings has called on the High Court to reject a lawsuit from the securities regulator seeking to force it to pay HK$1 billion in compensation to investors, arguing that the regulator lacked the hard evidence to prove its allegation the company's prospectus overstated its business.

5 Jun 2012 - 12:00am

Who'd be a listing sponsor in this grim market?

Tougher regulation, a lacklustre market and cutthroat competition have led some investment banks to consider shifting their focus from acting as sponsors for listing hopefuls to becoming underwriters or taking on other roles.

5 Jun 2012 - 12:00am

Don't pass the buck to bankers

There has been much talk over the past few weeks about the proposal by the Securities and Futures Commission to strengthen the regulation of sponsors of initial public offerings.

Such sponsors - investment banks or brokers - oversee a firm's application to list on the exchange.

28 May 2012 - 12:00am

CSRC moves to delist weak firms

Roughly 50 mainland firms face being delisted by the end of this year after mainland regulators tightened the criteria to remain listed.

The new rules, published by the Shanghai and Shenzhen bourses at the end of last month, have expanded the delisting criteria as part of the reform efforts of Guo Shuqing, chairman of the China Securities Regulatory Commission (CSRC).

7 May 2012 - 12:00am

Habitual losers to be delisted

The mainland's top securities regulator plans to expel perennial loss makers from the stock market.

Guo Shuqing, appointed chairman of the China Securities Regulatory Commission (CSRC) in October, intends to set up a delisting mechanism in the first half of this year.

6 Mar 2012 - 12:00am