https://www.scmp.com/rss/523083/feed Wu Qing has been the Chairman of the China Securities Regulatory Commission (CSRC) since February 2024. He previously chaired the Shanghai Stock Exchange and held various senior roles within the CSRC, where he earned the nickname "the broker butcher" for cracking down on market violations and insider trading. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com 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 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 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 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 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 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 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 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 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 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma Chery Automobile, China’s second-largest carmaker, was reportedly set to price its HK$9.14 billion (US$1.2 billion) Hong Kong initial public offering at the top of the sales range, even as a cooling economy and rampant competition weigh on the Chinese auto industry. The shares, which are due to start trading on Thursday, will be priced at HK$30.75 apiece, Reuters said, citing unidentified people. The maker of petrol-powered cars and electric vehicles (EVs) has the option to enlarge the sale,... https://www.scmp.com/plus/article/3326546/chery-auto-ipo-shows-china-confidence-withstands-economic-clouds?utm_source=rss_feed https://www.scmp.com/plus/article/3326546/chery-auto-ipo-shows-china-confidence-withstands-economic-clouds?utm_source=rss_feed Tue, 23 Sep 2025 09:00:42 +0000 Ji Siqi Ji Siqi China’s top financial officials said the country’s assets have become much more attractive to overseas capital in the past year at a high-profile press conference, adding Beijing would continue to prioritise domestic economic objectives even as interest rate cuts from the US Federal Reserve have created room for looser monetary policy. Adjustments to China’s monetary policy are “self-determined” and “data-based”, said Pan Gongsheng, governor of the People’s Bank of China, at the conference on... https://www.scmp.com/economy/policy/article/3326403/china-expands-circle-friends-overseas-investors-boost-domestic-assets?utm_source=rss_feed https://www.scmp.com/economy/policy/article/3326403/china-expands-circle-friends-overseas-investors-boost-domestic-assets?utm_source=rss_feed Mon, 22 Sep 2025 11:00:13 +0000 Zhang Shidong,Yulu Ao Zhang Shidong,Yulu Ao Stunning gains in Chinese stocks are testing regulators’ ability to manage the ascent, as Beijing seeks to fulfil its long-standing goal of positioning the nation’s US$12 trillion equity market as a steady source of household income that can support consumer spending and economic growth. As the property market remains in the doldrums, eroding the wealth of Chinese investors who are sitting on a record 160 trillion yuan (US$22.5 trillion) in bank savings, the stock market has become a focus of... https://www.scmp.com/business/china-business/article/3325117/chinas-bull-run-tests-regulators-beijing-aims-guide-us12-trillion-stock-market?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3325117/chinas-bull-run-tests-regulators-beijing-aims-guide-us12-trillion-stock-market?utm_source=rss_feed Thu, 11 Sep 2025 23:30:09 +0000 Zhang Shidong,Daniel Ren Zhang Shidong,Daniel Ren China’s individual investors are jumping on the bandwagon of a surprising stock-market rally, eyeing more gains that they believe will be buttressed by state support and potential foreign inflows. The nation’s 240 million retail stock traders – twice the population of Japan – are cheering the breakout of the benchmark Shanghai Composite Index, which hit its highest level in a decade this month, leaving behind the trauma of two short-lived run-ups in recent years. China’s markets are now... https://www.scmp.com/business/china-business/article/3323445/chinas-retail-stock-traders-ride-us1-trillion-bull-run-eye-liquidity-more-gains?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3323445/chinas-retail-stock-traders-ride-us1-trillion-bull-run-eye-liquidity-more-gains?utm_source=rss_feed Thu, 28 Aug 2025 05:00:51 +0000 Alice Li Alice Li As the dust barely settles on “Made in China 2025”, Beijing is intensifying its quest for technological supremacy with a focus on “future industries” amid its escalating rivalry with the United States. Authorities are pushing boundaries in their pursuit of a new growth model centred on technological breakthroughs and industrial upgrades. What are “future industries”? First introduced by President Xi Jinping in 2020, the term refers to sectors with foundational technologies still in their infancy... https://www.scmp.com/economy/china-economy/article/3317889/what-are-chinas-future-industries-and-why-they-matter-global-tech-race?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3317889/what-are-chinas-future-industries-and-why-they-matter-global-tech-race?utm_source=rss_feed Sun, 13 Jul 2025 01:00:08 +0000 Zhang Shidong Zhang Shidong Mainland China’s three stock exchanges had a sluggish first half, raising a third of the bounty from initial public offerings (IPOs) in Hong Kong, due to a regulatory crackdown that has hobbled fundraising since August 2023 and left the primary market in the lurch. Some 50 companies raised a combined 33.6 billion yuan (US$4.7 billion) by selling new shares on the nation’s three exchanges, according to data compiled by Bloomberg. That was a third of the US$13.5 billion raised on the Hong Kong... https://www.scmp.com/business/china-business/article/3316519/regulatory-curbs-hobble-mainland-chinas-ipos-ceding-first-half-crown-hong-kong?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3316519/regulatory-curbs-hobble-mainland-chinas-ipos-ceding-first-half-crown-hong-kong?utm_source=rss_feed Tue, 01 Jul 2025 23:30:07 +0000