https://www.scmp.com/rss/522565/feed The China Securities Regulatory Commission (CSRC) is a governmental body based in Beijing, China, operating directly under the State Council. Its primary mission is to regulate mainland China’s securities and futures markets, ensuring their fair, orderly, and stable operation, whilst safeguarding investors’ interests. The CSRC’s main activities include formulating regulations, overseeing the initial public offering (IPO) process, supervising trading, and investigating market violations. As the... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com William Zheng William Zheng A former head of China’s equities market regulator will face trial on allegations that he took vast sums in bribes in return for approving company listings and loans, according to the Communist Party’s top anti-graft watchdog. Yi Huiman, former chairman of the China Securities Regulatory Commission (CSRC), allegedly used “his position to seek benefits for others in job promotions, listing approvals and obtaining loans, and illegally accepted huge amounts of bribes”, the Central Commission for... https://www.scmp.com/news/china/politics/article/3352047/former-csrc-chairman-yi-huiman-face-trial-taking-bribes-abusing-power?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3352047/former-csrc-chairman-yi-huiman-face-trial-taking-bribes-abusing-power?utm_source=rss_feed Thu, 30 Apr 2026 11:02:45 +0000 Zhang Shidong Zhang Shidong China has appointed a senior sovereign wealth fund executive as a deputy head of its securities regulator, in the latest leadership reshuffle aimed at steadying the country’s capital markets. Liu Haoling was named vice-chairman of the China Securities Regulatory Commission (CSRC) by the State Council, according to a statement posted on the agency’s website on Wednesday. He was also appointed to the regulator’s Communist Party committee. It was not immediately clear which portfolios Liu would... https://www.scmp.com/business/china-business/article/3351878/china-names-liu-haoling-csrc-deputy-amid-market-stabilisation-push?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351878/china-names-liu-haoling-csrc-deputy-amid-market-stabilisation-push?utm_source=rss_feed Wed, 29 Apr 2026 11:09:46 +0000 Xinyi Wu Xinyi Wu China’s top market regulator is intensifying its crackdown on debt-laden “zombie companies” – rolling out a pilot programme in seven economic hubs to facilitate the forced exit of unprofitable firms often propped up by government subsidies or bank loans. The move signals a broadening of Beijing’s campaign against local protectionism and the low-quality vicious competition that officials say results in neijuan, or “involution”. With a change to China’s Company Law, the State Administration for... https://www.scmp.com/economy/china-economy/article/3351794/china-targets-zombies-regulatory-headshots-kill-subsidised-laggards?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3351794/china-targets-zombies-regulatory-headshots-kill-subsidised-laggards?utm_source=rss_feed Wed, 29 Apr 2026 05:30:08 +0000 Yulu Ao Yulu Ao China Resources Power (CRP), one of the largest mainland power producers listed in Hong Kong, has received approval to spin off its renewable energy arm for a separate listing in Shenzhen, marking a key step in a years-long plan to tap capital markets amid strong demand for new energy. The Shenzhen Stock Exchange’s listing committee approved the proposed A-share offering of China Resources New Energy Holdings on April 28, according to a filing by CRP. The deal, however, still required... https://www.scmp.com/business/banking-finance/article/3351785/china-resources-power-wins-shenzhen-nod-renewable-energy-units-listing?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3351785/china-resources-power-wins-shenzhen-nod-renewable-energy-units-listing?utm_source=rss_feed Wed, 29 Apr 2026 04:15:10 +0000 Themis Qi Themis Qi Alibaba Group Holding gained approval from the Hong Kong stock exchange to proceed with a proposed spin-off of a warehouse park in mainland China, two years after the tech giant withdrew the listing plan of its logistics arm Cainiao. The e-commerce giant said it could separate an infrastructure real estate investment trust (Reit) and list it on the Shenzhen Stock Exchange, with the underlying asset being the Jiaxing Park, a logistics and warehousing infrastructure hub in eastern China’s Zhejiang... https://www.scmp.com/business/markets/article/3351610/alibaba-gets-approval-spin-warehouse-park-reit-pivot-logistics-assets?utm_source=rss_feed https://www.scmp.com/business/markets/article/3351610/alibaba-gets-approval-spin-warehouse-park-reit-pivot-logistics-assets?utm_source=rss_feed Mon, 27 Apr 2026 14:32:43 +0000 Zhang Shidong Zhang Shidong China will allow qualified overseas investors to trade government bond futures contracts, as policymakers step up the opening up of the nation’s capital markets to boost foreign participation. Foreign traders, approved under the qualified foreign institutional investor (QFII) programme by the financial regulators, could buy and sell government-bond futures starting on Friday, the China Securities Regulatory Commission (CSRC) said in a statement on its website. The trading could only be carried... https://www.scmp.com/business/china-business/article/3351332/china-opens-government-bond-futures-select-foreign-investors-reform-push?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351332/china-opens-government-bond-futures-select-foreign-investors-reform-push?utm_source=rss_feed Fri, 24 Apr 2026 11:00:08 +0000 Zhang Shidong Zhang Shidong An overhaul of listing and trading rules has driven a 16-year-old board for start-ups on the Shenzhen Stock Exchange to an all-time high, and traders believe the listed companies’ above-average earnings growth and exposure to renewable energy will extend the record-setting run. The ChiNext 50 Index of the board’s 50 biggest stocks and the ChiNext Composite Index both broke highs set in 2015 this week, outpacing other equity gauges of yuan-denominated stocks, which have yet to fully recoup their... https://www.scmp.com/business/china-business/article/3351146/chinext-shenzhens-nasdaq-emerges-investor-darling-start-indexes-smash-records?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351146/chinext-shenzhens-nasdaq-emerges-investor-darling-start-indexes-smash-records?utm_source=rss_feed Fri, 24 Apr 2026 02:00:15 +0000 Julie Zhang Julie Zhang Eight mainland China-based companies – five of them biotech firms – passed listing hearings on the Hong Kong stock market in April, clearing the way for them to tap the city’s deep liquidity. The influx, including an AI-driven drug discovery firm, a driverless technology developer and a maker of industrial robots, comes as the China Securities Regulatory Commission (CSRC) has been pushing private firms to list in Hong Kong. The market regulator has required companies that established so-called... https://www.scmp.com/business/banking-finance/article/3351001/biotech-led-boom-8-china-firms-flock-hong-kongs-thriving-stock-market?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3351001/biotech-led-boom-8-china-firms-flock-hong-kongs-thriving-stock-market?utm_source=rss_feed Wed, 22 Apr 2026 08:53:15 +0000 Coco Feng Coco Feng China’s red-chip structure – long used by internet companies to attract foreign capital while navigating domestic restrictions – is facing renewed scrutiny as regulators tighten oversight of offshore listings. The shift is already reshaping the pipeline for Hong Kong initial public offerings (IPOs), with companies increasingly being encouraged to unwind these structures or justify why they remain necessary. This explainer outlines the reasons behind the policy shift, what it means for tech IPOs,... https://www.scmp.com/tech/article/3349735/what-does-chinas-tightening-grip-red-chip-structures-mean-ipos?utm_source=rss_feed https://www.scmp.com/tech/article/3349735/what-does-chinas-tightening-grip-red-chip-structures-mean-ipos?utm_source=rss_feed Sat, 11 Apr 2026 06:37:35 +0000 Zhang Shidong Zhang Shidong China will allow pre-profit technology companies to list on the ChiNext board in Shenzhen and introduce market makers to improve liquidity, as regulators step up efforts to bolster the mainland’s second-largest stock exchange and advance the country’s push for technological self-reliance. Under the new rules, emerging-industry companies with an estimated market value of at least 3 billion yuan (US$439 million) and revenue no less than 200 million yuan in the most recent financial year would be... https://www.scmp.com/business/markets/article/3349675/china-opens-chinext-exchange-pre-profit-tech-firms-push-boost-innovation?utm_source=rss_feed https://www.scmp.com/business/markets/article/3349675/china-opens-chinext-exchange-pre-profit-tech-firms-push-boost-innovation?utm_source=rss_feed Fri, 10 Apr 2026 11:13:53 +0000 Xinyi Wu Xinyi Wu Several major Chinese banks have clawed back staff bonuses or cut salaries amid a sluggish economic recovery and Beijing’s ongoing scrutiny of the financial sector. In their annual reports, an increasing number of lenders, ranging from state-owned institutions to commercial banks, are disclosing the amount of performance-based compensation reclaimed from their employees last year. State-owned Bank of China recovered 47.18 million yuan (US$6.9 million) from 4,630 individuals in 2025, according to... https://www.scmp.com/economy/china-economy/article/3349497/more-chinese-banks-claw-back-bonuses-cut-salaries-despite-mixed-profit-recovery?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3349497/more-chinese-banks-claw-back-bonuses-cut-salaries-despite-mixed-profit-recovery?utm_source=rss_feed Thu, 09 Apr 2026 07:00:43 +0000 Ann Cao Ann Cao The latest bill proposed by US lawmakers to further restrict China’s access to advanced chipmaking equipment marks a fresh escalation in Washington’s efforts to throttle the country’s semiconductor ambitions, as it seeks to bring allies such as the Netherlands and Japan into closer alignment on export controls, analysts said. Introduced last week by Republican Representative Michael Baumgartner, the Multilateral Alignment of Technology Controls in Hardware (Match) Act aims to close “critical... https://www.scmp.com/tech/tech-war/article/3349413/washington-pushes-allies-match-tougher-china-chip-curbs-under-new-bill?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3349413/washington-pushes-allies-match-tougher-china-chip-curbs-under-new-bill?utm_source=rss_feed Wed, 08 Apr 2026 12:02:26 +0000 Zhang Shidong Zhang Shidong China has introduced new rules governing short-term trading, as the market regulator steps up oversight of the trading behaviour of major shareholders and listed company executives as part of a drive to bolster investor confidence. The rules apply to shareholders with a stake of 5 per cent or more in a single listed company, including foreign investors, executives of publicly traded companies, their spouses and children, according to the China Securities Regulatory Commission (CSRC). The rules... https://www.scmp.com/business/china-business/article/3349231/china-tightens-trading-scrutiny-major-shareholders-and-executives?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349231/china-tightens-trading-scrutiny-major-shareholders-and-executives?utm_source=rss_feed Tue, 07 Apr 2026 09:00:08 +0000 Julie Zhang Julie Zhang US dollar-denominated funds could face more hurdles when investing in Chinese tech and biotech companies as Beijing adopts a stricter approach to companies seeking listings via offshore incorporated vehicles. Indicative of Chinese regulators’ caution in overseeing sensitive industries, industry sources say the move ensures that any sale of assets does not escape regulatory scrutiny. And for any offshore incorporated structures that are approved, the stock regulator requires listing applicants to... https://www.scmp.com/business/banking-finance/article/3349166/stricter-chinese-scrutiny-offshore-vehicles-blow-tech-and-biotech-ipo-candidates?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3349166/stricter-chinese-scrutiny-offshore-vehicles-blow-tech-and-biotech-ipo-candidates?utm_source=rss_feed Tue, 07 Apr 2026 00:00:09 +0000 Zhang Shidong Zhang Shidong Initial public offerings (IPOs) on mainland Chinese markets surged 56 per cent in the first quarter from a year earlier, as the securities regulator relaxed curbs on equity financing to support the nation’s push for technological innovation. Twenty-nine companies raised a combined 25.7 billion yuan (US$3.7 billion) from the Shanghai, Shenzhen and Beijing stock exchanges in the first three months, according to Bloomberg data. That compared with 16.5 billion yuan raised by 27 companies in the same... https://www.scmp.com/business/china-business/article/3348945/china-ipos-jump-56-regulator-eases-restrictions-drive-tech-innovation?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348945/china-ipos-jump-56-regulator-eases-restrictions-drive-tech-innovation?utm_source=rss_feed Mon, 06 Apr 2026 06:00:11 +0000 Vincent Chow Vincent Chow Nasdaq-listed iQiyi, a Chinese online entertainment video provider backed by Baidu, has submitted a confidential application for a listing in Hong Kong, the company said on Monday. Details of the proposed listing have yet to be finalised, the company said, pending regulatory approvals from the Hong Kong stock exchange and the China Securities Regulatory Commission, as well as the company’s own final decision. “There is no assurance that the proposed listing will take place or when it may take... https://www.scmp.com/tech/article/3348450/streaming-giant-iqiyi-joins-homecoming-wave-proposed-us300m-hong-kong-listing?utm_source=rss_feed https://www.scmp.com/tech/article/3348450/streaming-giant-iqiyi-joins-homecoming-wave-proposed-us300m-hong-kong-listing?utm_source=rss_feed Mon, 30 Mar 2026 15:14:47 +0000 Julie Zhang Julie Zhang Beijing Tong Ren Tang Healthcare Investment, a provider of healthcare services based on traditional Chinese medicine, postponed its Hong Kong initial public offering (IPO) on Friday amid tepid investor demand for its shares. The delay is the first of its kind during the current IPO boom. New share offerings in the city raised about US$11.64 billion as of March 18 this year, up 385 per cent from about US$2.4 billion a year earlier, according to LSEG Data & Analytics. Tong Ren Tang was one of six... https://www.scmp.com/business/banking-finance/article/3348101/tong-ren-tang-healthcare-unit-pulls-hong-kong-ipo-scheduled-monday?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348101/tong-ren-tang-healthcare-unit-pulls-hong-kong-ipo-scheduled-monday?utm_source=rss_feed Fri, 27 Mar 2026 06:30:18 +0000 Xinlu Liang Xinlu Liang A senior Chinese financial regulator and former graft fighter has been placed under investigation for corruption, officials announced on Tuesday, marking one of the highest-profile purges among China’s financial regulatory apparatus in recent years. Zhou Liang, vice-chairman of the National Financial Regulatory Administration (NFRA), is under investigation for “serious violations of discipline and law”, a euphemism for corruption, bribery and abuse of power, according to an announcement by the... https://www.scmp.com/news/china/politics/article/3347731/senior-chinese-financial-regulator-and-ex-graft-fighter-zhou-liang-under-corruption-probe?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3347731/senior-chinese-financial-regulator-and-ex-graft-fighter-zhou-liang-under-corruption-probe?utm_source=rss_feed Tue, 24 Mar 2026 10:58:44 +0000 Themis Qi,Enoch Yiu Themis Qi,Enoch Yiu A memo circulating in mainland China’s financial community has raised concerns that Beijing plans to ban certain Chinese companies from listing in Hong Kong via a red-chip structure, with analysts fearing that this could create uncertainty for new listings in the city. According to a memo seen by the South China Morning Post, some red-chip companies – entities registered overseas but with assets and businesses within China – seeking regulatory approval for an initial public offering (IPO) in... https://www.scmp.com/business/banking-finance/article/3346903/chinas-tightened-listing-rules-some-red-chips-hong-kong-raise-concerns?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3346903/chinas-tightened-listing-rules-some-red-chips-hong-kong-raise-concerns?utm_source=rss_feed Tue, 17 Mar 2026 11:10:08 +0000 Xiaofei Xu,Mia Nurmamat,Coco Feng Xiaofei Xu,Mia Nurmamat,Coco Feng China has outlined a basket of measures to support its technology sector, from creating a more flexible and inclusive fundraising ecosystem to boosting demand for hi-tech products. During a high-profile press conference in Beijing, the country’s top economic officials laid out plans to deepen reforms to ChiNext – China’s board for start-ups – and make it easier and quicker for companies to refinance. “Technological innovation requires high investment, long cycles, and carries significant risks,”... https://www.scmp.com/economy/china-economy/article/3345764/china-pledges-full-support-tech-sector-broad-range-new-policies?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3345764/china-pledges-full-support-tech-sector-broad-range-new-policies?utm_source=rss_feed Fri, 06 Mar 2026 13:05:08 +0000 Zhang Shidong,Peggy Ye Zhang Shidong,Peggy Ye China’s top securities regulator outlined a plan on Friday to strengthen corporate governance, boost investor returns and cultivate globally competitive companies, as Beijing seeks to reinforce confidence in the country’s capital markets. “On the basis of continuously strengthening the authenticity of listed companies, we will further enhance their investability,” said Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), at a press conference on the sidelines of China’s annual... https://www.scmp.com/business/markets/article/3345738/chinas-securities-regulator-vows-tougher-oversight-shore-stock-market-confidence?utm_source=rss_feed https://www.scmp.com/business/markets/article/3345738/chinas-securities-regulator-vows-tougher-oversight-shore-stock-market-confidence?utm_source=rss_feed Fri, 06 Mar 2026 11:00:09 +0000 Mandy Zuo Mandy Zuo China’s top economic officials held a press conference on the sidelines of the “two sessions” – the annual meetings of China’s top legislature and advisory body – in Beijing on Friday. The briefing, which came a day after Beijing unveiled its economic goals for 2026 and a draft outline for its 15th five-year plan, offered fresh insights into China’s agenda for trade, investment and technological development. Here are the main takeaways from the meeting: Exchange rate Pan Gongsheng, governor of... https://www.scmp.com/economy/china-economy/article/3345737/8-takeaways-economic-briefing-chinas-two-sessions?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3345737/8-takeaways-economic-briefing-chinas-two-sessions?utm_source=rss_feed Fri, 06 Mar 2026 10:57:01 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks capped their worst weekly performance in four months as the US-Iran war stoked stagflation fears and dampened investor sentiment. The Hang Seng Index closed 1.7 per cent higher at 25,757.29 on Friday. For the week, the benchmark declined 3.3 per cent, its steepest decline for the five-day period since November 21. The Hang Seng Tech Index surged 3.2 per cent. On the mainland, the CSI 300 Index gained 0.3 per cent and the Shanghai Composite Index added 0.4 per cent. The war in... https://www.scmp.com/business/china-business/article/3345641/hong-kong-stocks-track-steepest-weekly-slump-4-months-us-iran-war?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3345641/hong-kong-stocks-track-steepest-weekly-slump-4-months-us-iran-war?utm_source=rss_feed Fri, 06 Mar 2026 02:10:34 +0000 Yulu Ao,Julie Zhang Yulu Ao,Julie Zhang Mainland China and Hong Kong should ease listing rules for biotechnology companies and lower takeover thresholds for listed firms to capitalise on renewed foreign interest in the healthcare sector, venture capitalist Nisa Leung said. “Besides artificial intelligence, Premier Li Qiang also highlighted biomedicine in the ‘two sessions’ annual government work report,” said Leung, a managing partner at Aulis Capital. “We are paying attention to medical insurance and commercial insurance, but at the... https://www.scmp.com/business/banking-finance/article/3345589/china-and-hong-kong-should-relax-biotech-listing-rules-venture-capitalist-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345589/china-and-hong-kong-should-relax-biotech-listing-rules-venture-capitalist-says?utm_source=rss_feed Thu, 05 Mar 2026 10:59:42 +0000 Yuanyue Dang,William Zheng Yuanyue Dang,William Zheng In the run-up to this year’s ‘two sessions’ – the annual meetings of China’s top legislature and political advisory body – high-level policymakers have stressed the need to defuse financial risks and root out political corruption, two of President Xi Jinping’s long-term priorities. As part of a series, Yuanyue Dang and William Zheng look at why the fight against graft is the new normal. As early as the start of President Xi Jinping’s second term in 2018, the Chinese leadership declared an... https://www.scmp.com/news/china/politics/article/3345287/chinas-war-corruption-just-end-beginning?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3345287/chinas-war-corruption-just-end-beginning?utm_source=rss_feed Tue, 03 Mar 2026 22:00:12 +0000 Wency Chen Wency Chen Artificial intelligence chip designer Enflame Technology on Wednesday entered the inquiry stage of its initial public offering, moving a step closer to joining a string of high-profile semiconductor sector listings on the Shanghai Stock Exchange’s technology-focused Star Market. The listing of the Shanghai-based unicorn is the next closely watched chip offering, as investor appetite for domestic AI chipmakers remains strong. In this explainer, the South China Morning Post examines the next steps... https://www.scmp.com/tech/article/3343336/will-chinese-ai-chip-designer-enflames-shanghai-ipo-be-another-blockbuster?utm_source=rss_feed https://www.scmp.com/tech/article/3343336/will-chinese-ai-chip-designer-enflames-shanghai-ipo-be-another-blockbuster?utm_source=rss_feed Fri, 13 Feb 2026 00:00:20 +0000 Julie Zhang Julie Zhang Stock exchanges in Shanghai, Shenzhen and Beijing – the three major bourses in mainland China – announced a package of measures on Monday to fast-track fundraising for cutting-edge firms amid the country’s self-reliance push in tech. The three operators said they would shorten waiting periods for listed technology firms filing for refinancing or post-initial-public-offering (IPO) fundraising activities, cutting the refinancing interval to as little as six months, according to state news agency... https://www.scmp.com/business/banking-finance/article/3343000/china-slashes-wait-times-loss-making-tech-firms-seeking-refinancing-fundraising?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3343000/china-slashes-wait-times-loss-making-tech-firms-seeking-refinancing-fundraising?utm_source=rss_feed Tue, 10 Feb 2026 03:26:47 +0000 Xiaofei Xu Xiaofei Xu London has cemented its role as a leading offshore hub for China’s yuan, according to a new financial cooperation agreement that also aims to ease the cross-listing of firms in each other’s markets. This emerged from the first meeting of the UK-China Financial Working Group, which convened in Beijing on Saturday. The meeting coincided with the final day of British Prime Minister Keir Starmer’s state visit. The meeting’s outcome and a joint statement were not made public until Friday. “The... https://www.scmp.com/economy/global-economy/article/3342696/uk-china-boost-financial-ties-deepen-londons-role-offshore-yuan-hub?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3342696/uk-china-boost-financial-ties-deepen-londons-role-offshore-yuan-hub?utm_source=rss_feed Fri, 06 Feb 2026 13:00:29 +0000 Enoch Yiu Enoch Yiu The UK and China are considering a new cross-border asset-management link and upgrades to their existing stock connect scheme, as both sides seek closer capital-market cooperation, according to Ashley Alder, chairman of the UK’s Financial Conduct Authority (FCA). “We are looking at enhancing market connectivity between China and the UK, particularly by building on the stock connect with Shanghai and Shenzhen,” Alder said. “In addition, we are exploring other areas of cooperation, such as asset... https://www.scmp.com/business/banking-finance/article/3341772/uk-and-china-weigh-cross-border-asset-management-scheme-deepen-market-ties?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3341772/uk-and-china-weigh-cross-border-asset-management-scheme-deepen-market-ties?utm_source=rss_feed Fri, 30 Jan 2026 04:30:10 +0000 Yulu Ao Yulu Ao China’s top securities regulator has signalled it wants a slower, longer-lasting stock market rally rather than a short-lived speculative surge as it steps up measures to curb excessive trading after activity and margin financing hit fresh highs early this year. The stance, reiterated at a securities watchdog meeting last week, drew renewed attention after regulators moved to cool pockets of overheating in the A-share market following a strong start to 2026. At its January 15 work conference,... https://www.scmp.com/business/banking-finance/article/3340382/chinas-securities-regulator-clamps-down-speculation-prevent-sharp-market-swings?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3340382/chinas-securities-regulator-clamps-down-speculation-prevent-sharp-market-swings?utm_source=rss_feed Mon, 19 Jan 2026 06:00:17 +0000 Zhang Shidong,Yulu Ao Zhang Shidong,Yulu Ao Initial public offerings (IPOs) in mainland China nearly doubled in 2025 from a year earlier after the securities regulator rolled back curbs on new listings and resumed approvals for pre-profit technology companies, in line with Beijing’s drive to replace imported tech products with home-grown alternatives. A total of 115 companies raised a combined 128 billion yuan (US$18.3 billion) from IPOs on the Shanghai, Shenzhen and Beijing exchanges last year, according to Bloomberg data. That eclipsed... https://www.scmp.com/business/china-business/article/3338143/turning-point-china-doubles-ipos-2025-amid-eased-curbs-drive-tech-innovation?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3338143/turning-point-china-doubles-ipos-2025-amid-eased-curbs-drive-tech-innovation?utm_source=rss_feed Sun, 04 Jan 2026 06:00:18 +0000 Julie Zhang Julie Zhang China International Capital Corporation (CICC) has unveiled details of its merger with two smaller state-owned rivals that will create an entity with combined assets of more than 900 billion yuan (US$127.8 billion). The Beijing-based investment bank will issue some 3.1 billion new A shares at 36.91 yuan to acquire all outstanding shares in Dongxing Securities and Cinda Securities to facilitate the merger, according to a filing to the Hong Kong stock exchange on Wednesday. Shares of CICC rose 3.7... https://www.scmp.com/business/banking-finance/article/3336915/chinese-brokerage-cicc-announces-share-swap-merger-details-dongxing-and-cinda?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3336915/chinese-brokerage-cicc-announces-share-swap-merger-details-dongxing-and-cinda?utm_source=rss_feed Thu, 18 Dec 2025 09:30:14 +0000 Ann Cao Ann Cao Beijing has greenlit Biren Technology’s initial public offering (IPO) in Hong Kong, as more Chinese artificial intelligence chip designers rush to go public amid heightened investor interest in these stocks. Biren, which designs high-performance graphics processing units (GPUs), received regulatory approval to list on the Hong Kong stock exchange, according to a China Securities Regulatory Commission filing on Monday. This was expected to put the company on track to become the first GPU... https://www.scmp.com/tech/tech-trends/article/3336658/biren-technologys-hong-kong-ipo-gets-green-light-chinas-ai-chip-firms-rush-list?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3336658/biren-technologys-hong-kong-ipo-gets-green-light-chinas-ai-chip-firms-rush-list?utm_source=rss_feed Tue, 16 Dec 2025 11:01:33 +0000 Aileen Chuang Aileen Chuang Chinese artificial intelligence start-up MiniMax plans to channel funds from its proposed Hong Kong initial public offering (IPO) into research and development as it seeks to compete with global and domestic rivals, according to a person familiar with the matter. With 70 per cent of its revenue generated overseas, MiniMax was targeting Hong Kong’s international investor base and capital market, the person said. The Shanghai-based firm, backed by Alibaba Group Holding and Tencent Holdings, was... https://www.scmp.com/business/banking-finance/article/3336146/chinas-generative-ai-tiger-minimax-pursues-hong-kong-ipo-expand-global-reach?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3336146/chinas-generative-ai-tiger-minimax-pursues-hong-kong-ipo-expand-global-reach?utm_source=rss_feed Fri, 12 Dec 2025 03:06:44 +0000 Daniel Ren Daniel Ren China’s securities regulator has called on the country’s 160 mutual fund houses to establish a performance-based salary mechanism, as part of efforts to uproot elitism from the industry. The China Securities Regulatory Commission (CSRC) has drawn up guidelines governing asset managers’ pay perks, suggesting that the performance of the funds they run should factor up to 80 per cent in determining their annual salaries, according to a report on Monday by the official Securities Times. The... https://www.scmp.com/business/banking-finance/article/3335635/new-china-guidelines-base-asset-managers-pay-performance-funds-they-run?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3335635/new-china-guidelines-base-asset-managers-pay-performance-funds-they-run?utm_source=rss_feed Mon, 08 Dec 2025 11:00:27 +0000 Zhang Shidong Zhang Shidong China’s securities regulator has urged the nation’s brokerage industry to rev up the pace of cultivating top investment banks capable of competing on the global stage and better facilitate Beijing’s technological self-reliance drive as outlined in a critical five-year plan by the Communist Party. Securities companies should redouble efforts to fulfil the goal set by Beijing of building China into a global financial powerhouse, while serving the tech self-reliance strategy by facilitating... https://www.scmp.com/business/china-business/article/3335565/chinas-csrc-pushes-brokerages-build-global-banks-and-back-tech-self-reliance?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3335565/chinas-csrc-pushes-brokerages-build-global-banks-and-back-tech-self-reliance?utm_source=rss_feed Mon, 08 Dec 2025 07:00:10 +0000 Xinmei Shen Xinmei Shen Mainland Chinese industry associations have issued a joint warning to real-world asset (RWA) tokenisation providers after Beijing turned on the screws, dashing hopes that Beijing might ease restrictions on digital-asset activities amid competition with the US. Tokenising real-world assets involves multiple risks such as fake assets, business failure and speculative trading, and Chinese authorities had not approved any such activities, seven industry bodies, including the National Internet... https://www.scmp.com/tech/policy/article/3335440/7-chinese-industry-bodies-issue-rwa-tokenisation-warning-amid-beijings-crackdown?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3335440/7-chinese-industry-bodies-issue-rwa-tokenisation-warning-amid-beijings-crackdown?utm_source=rss_feed Sat, 06 Dec 2025 04:47:38 +0000 Julie Zhang Julie Zhang China’s top securities regulator has pledged to widen foreign investors’ access to the mainland’s capital market while further lowering the fundraising threshold for technology firms, after a key indicator slumped nearly 4 per cent from a 10-year high in mid-November. Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), set out guidance for the equity and bond markets in an article published by the Communist Party mouthpiece People’s Daily on Friday, three weeks after he was... https://www.scmp.com/business/article/3335292/csrc-vows-deeper-reforms-open-chinas-capital-market-and-boost-tech-listings?utm_source=rss_feed https://www.scmp.com/business/article/3335292/csrc-vows-deeper-reforms-open-chinas-capital-market-and-boost-tech-listings?utm_source=rss_feed Fri, 05 Dec 2025 04:59:28 +0000 Xinyi Wu Xinyi Wu Beijing has reaffirmed its tough stance on virtual currencies, warning of a resurgence in speculative trading and vowing to stamp out “illegal activities” involving stablecoins. The People’s Bank of China (PBOC) held a coordination meeting on virtual currency regulation on Friday with a coalition of top regulatory and law enforcement agencies, according to a statement released by the central bank on Saturday. “Business activities related to virtual currencies constitute illegal financial... https://www.scmp.com/economy/china-economy/article/3334675/chinas-central-bank-vows-stamp-out-illegal-activities-trading-stablecoins?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3334675/chinas-central-bank-vows-stamp-out-illegal-activities-trading-stablecoins?utm_source=rss_feed Sun, 30 Nov 2025 11:52:51 +0000 Cheryl Arcibal,Themis Qi Cheryl Arcibal,Themis Qi A buyer bearing the same name as veteran investor Xu Liusheng is the latest owner of a luxury home in Hong Kong after acquiring a HK$342 million (US$43.9 million) unit in the affluent Southern district, with the transaction adding to a growing list of prime assets being snapped up following years of falling prices. The buyer shares the name of the owner of Shenzhen Kaifu Investment, who is known for acquiring shares in public companies in mainland China. Shenzhen Kaifu was recently deregistered,... https://www.scmp.com/business/article/3333683/us44-million-sale-hong-kong-luxury-home-linked-mainland-chinese-investor?utm_source=rss_feed https://www.scmp.com/business/article/3333683/us44-million-sale-hong-kong-luxury-home-linked-mainland-chinese-investor?utm_source=rss_feed Fri, 21 Nov 2025 08:43:37 +0000 Julie Zhang Julie Zhang China’s top securities watchdog appeared in public just hours after he was reported to have offered his resignation, in what analysts said could be an effort by authorities to prevent market destabilisation. The China Securities Regulatory Commission (CSRC) said in a statement on Thursday that its chairman Wu Qing was travelling to France and Brazil from November 10 to 13. It also displayed photos on its website of Wu taking part in meetings in the two countries. The prompt and rare publicity of... https://www.scmp.com/business/banking-finance/article/3332701/chinas-market-regulator-wu-qing-appears-public-after-resignation-report?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3332701/chinas-market-regulator-wu-qing-appears-public-after-resignation-report?utm_source=rss_feed Thu, 13 Nov 2025 14:41:19 +0000 Andrew Sheng Andrew Sheng President Xi Jinping’s speech at the fourth plenum of the Communist Party’s Central Committee last month outlined the guidelines for the upcoming 15th five-year plan. There is clearly determination to focus on technological self-reliance, building an economic model of high-quality productive forces based on innovation and a strong industrial base that is resilient against external threats and headwinds. At the Financial Street Forum in Beijing at the end of October, Vice-Premier He Lifeng... https://www.scmp.com/opinion/world-opinion/article/3331884/china-needs-high-quality-financial-development-support-its-five-year-goals?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3331884/china-needs-high-quality-financial-development-support-its-five-year-goals?utm_source=rss_feed Fri, 07 Nov 2025 21:30:09 +0000 Yulu Ao Yulu Ao Hong Kong welcomed four new listings on Thursday, including two leading Chinese autonomous driving companies WeRide and Pony.ai, marking another busy day for debuts on the bourse, as a year-long bull run shows no signs of slowing in the world’s top destination for initial public offerings (IPOs). Shares of Ningbo Joyson Electronic, a major automotive supplier, first changed hands at HK$21.50, falling 0.2 per cent from the offer price of HK$22, before closing at HK$20.24 with an 8 per cent loss.... https://www.scmp.com/business/china-business/article/3331698/4-chinese-firms-listing-debuts-mark-another-busy-day-hong-kong-stock-exchange?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3331698/4-chinese-firms-listing-debuts-mark-another-busy-day-hong-kong-stock-exchange?utm_source=rss_feed Thu, 06 Nov 2025 01:46:38 +0000 SCMP Editorial SCMP Editorial The Global Financial Leaders’ Investment Summit caps a momentous fortnight for Hong Kong’s affairs. After the city’s status as an international finance centre and innovation and tech hub was reaffirmed in China’s proposed 15th five-year plan, Beijing publicly backed Hong Kong as a global hub at the summit organised by the Hong Kong Monetary Authority. Chinese Vice-Premier He Lifeng praised the city’s attractions to the global financial market and urged Hong Kong to grasp the opportunities... https://www.scmp.com/opinion/comment/article/3331510/beijings-full-backing-hong-kong-display-finance-summit?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3331510/beijings-full-backing-hong-kong-display-finance-summit?utm_source=rss_feed Tue, 04 Nov 2025 23:15:12 +0000 Aileen Chuang,Cao Li Aileen Chuang,Cao Li Beijing will bolster Hong Kong’s position as a global financial hub by enhancing openness and cooperation in the financial and economic sectors, as geopolitical shifts and emerging technologies such as AI and blockchain reshape the global order, according to Chinese regulators and global executives. Speaking during Hong Kong’s flagship Global Financial Leaders’ Investment Summit on Tuesday, senior officials from Chinese regulatory bodies said proactive reforms were necessary because the world... https://www.scmp.com/business/banking-finance/article/3331413/beijing-backs-hong-kong-global-hub-new-financial-measures?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3331413/beijing-backs-hong-kong-global-hub-new-financial-measures?utm_source=rss_feed Tue, 04 Nov 2025 03:10:07 +0000 Xinyi Wu Xinyi Wu China on Monday reaffirmed its hardline approach towards virtual currencies at home, warning of the risks of stablecoins, despite growing concerns that the United States might have consolidated its US dollar dominance through them. Instead, the world’s second largest economy vowed to broaden the use of its central bank digital currency known as e-CNY, according to Pan Gongsheng, governor of the People’s Bank of China. “[Stablecoins] are still in their early stages of development,” said Pan,... https://www.scmp.com/economy/global-economy/article/3330525/china-doubles-down-crypto-crackdown-central-bank-vows-expand-digital-yuan?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3330525/china-doubles-down-crypto-crackdown-central-bank-vows-expand-digital-yuan?utm_source=rss_feed Mon, 27 Oct 2025 15:36:10 +0000 Sylvia Ma,Mandy Zuo,Yuanyue Dang Sylvia Ma,Mandy Zuo,Yuanyue Dang After a meeting of China’s political leadership setting the tone for policymaking over the next five years, warnings of “raging storms” and growing uncertainties joined declarations of confidence in the nation’s economic resilience, as Beijing vowed to make “notable progress” in the pursuit of development and to maintain its status as a manufacturing powerhouse. In a communique issued following the conclusion of the fourth plenum on Thursday, the ruling Communist Party’s Central Committee called... https://www.scmp.com/economy/china-economy/article/3330062/china-pledges-notable-progress-fourth-plenum-concludes-5-year-road-map?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3330062/china-pledges-notable-progress-fourth-plenum-concludes-5-year-road-map?utm_source=rss_feed Thu, 23 Oct 2025 09:09:34 +0000 Xinmei Shen Xinmei Shen A Hong Kong subsidiary of China Merchants Bank has tokenised a US$3.5 billion money market fund on BNB Chain – the blockchain developed by the world’s largest cryptocurrency exchange, Binance – as the city’s real-world asset (RWA) drive continues to attract Chinese financial institutions. CMB International Asset Management Limited partnered with BNB Chain to tokenise its CMB International USD Money Market Fund, issuing two tokens that would be available to accredited investors, the companies... https://www.scmp.com/tech/article/3329078/china-merchants-banks-hong-kong-arm-tokenises-money-market-fund-bnb-chain?utm_source=rss_feed https://www.scmp.com/tech/article/3329078/china-merchants-banks-hong-kong-arm-tokenises-money-market-fund-bnb-chain?utm_source=rss_feed Wed, 15 Oct 2025 06:22:29 +0000 Ann Cao Ann Cao ChangXin Memory Technologies (CXMT), China’s top DRAM chipmaker, is taking a step closer to a mega initial public offering (IPO) on the mainland, as the high-end memory chip market experiences supply shortages amid the global artificial intelligence frenzy. CXMT had “resolved issues” related to the election of employee representative directors and the identification of state-owned shareholders, according to a statement on the website of the China Securities Regulatory Commission (CSRC). The... https://www.scmp.com/tech/big-tech/article/3328400/chinas-top-dram-maker-cxmt-edges-closer-mainland-ipo-amid-ai-memory-chip-supply-crunch?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3328400/chinas-top-dram-maker-cxmt-edges-closer-mainland-ipo-amid-ai-memory-chip-supply-crunch?utm_source=rss_feed Thu, 09 Oct 2025 11:02:11 +0000 William Zheng William Zheng The fourth plenum of China’s ruling Communist Party taking place this month will be closely watched for potential reshuffles, with at least nine members of its top policymaking Central Committee set to be replaced. These changes are expected either due to ongoing corruption investigations or because some officials have passed away, marking a new high in turnover since 2017. The fourth plenum is one of seven typically held during each five-year term of the Central Committee. The coming edition... https://www.scmp.com/news/china/politics/article/3328127/chinas-fourth-plenum-poised-highest-central-committee-turnover-8-years?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3328127/chinas-fourth-plenum-poised-highest-central-committee-turnover-8-years?utm_source=rss_feed Tue, 07 Oct 2025 22:00:08 +0000