All Entries in the "China" Category
China Widens Yuan Trading Band Around USD
The People’s Bank of China (PBOC), or the country’s central bank, announced April 14 it will widen the yuan’s daily trading limit against US dollar currency to 1 percent beginning Monday. In the foreign exchange spot market, Chinese banks can exchange the yuan 1 percent above or below the central parity against the US dollar [...]
CSRC to Curb Speculation
China’s top securities regulator is seeking methods to curb irrational speculation. The measures may include improving the delisting mechanism and a more efficient risk-warning system for private investors. The main reason most private shareholders suffered serious losses over the past two years was immature governance of the capital market and a weak regulatory system, according [...]
China: Hedging to Raise Futures Volume This Year
China’s futures market will recover this year, after a plunge in trading volume last year dragged many brokers into the red, analysts said. New contracts and expanded corporate hedging will enliven trading, they said, but a continued clampdown on speculation and tight liquidity would prevent a full rebound. Last year, futures trading volume declined for [...]
Measures to Boost China Financial Markets
Financial markets will be developed and the securities industry opened further to foreign participants in a bid to diversify risk in the banking sector, a leading financial official said. China should be “highly cautious” about systemic risk in the banking sector and needs to substantially boost the scale of direct financing, such as stocks, to [...]
China Moves to Protect Investor Interests
China’s securities regulator announced January 10 that the country has established an investor protection bureau, in a move to better protect the rights and interests of Chinese investors in the capital market. The bureau, which has already been put into operation, will be responsible for drafting and reviewing laws and regulations that protect investors and [...]
China: New Judicial Interpretation For Insider Trading
A judicial interpretation will soon be introduced to clarify the rules in handling insider trading cases, according to an official with the country’s securities and futures watchdog. The interpretation will focus on the investigation and the burden of proof for such offenses, said Gui Minjie, vice chairman of the China Securities Regulatory Commission (CSRC) at [...]
China Bans Establishment of Gold Exchanges
The People’s Bank of China (PBOC), China’s central bank, announced December 27 that it is banning local regions, institutions or individuals from setting up gold exchanges apart from the existing Shanghai Gold Exchange and Shanghai Futures Exchange. The country also bans the establishment of any gold trading platforms in other exchanges, a statement on the [...]
Chinese and Hong Kong Firms Given Green Light for RQFII Trials
Subsidiaries from nine Chinese fund companies and 12 securities firms in Hong Kong were approved by the China Securities Regulatory Commission to use yuan deposits to invest in the mainland’s capital markets, the regulator said on Friday (December 23). The companies and firms have applied to the Hong Kong securities regulator for the license to [...]
Foreign JVs in China Eye Slice of Pie
Brokerages with experience in cross-border deals will gain from new Shanghai international board Although China has been a member of the World Trade Organization (WTO) for 10 years, the expansion of foreign investment banks in the country remains slow and joint-venture securities firms are still struggling to gain clients and a larger share of the [...]
China Speeds up Preparation of RQFII Scheme
The preparation for RMB Qualified Foreign Institutional Investors (RQFII) scheme has sped up following the slowdown of hot money inflow in October, said sources with the China Securities Regulatory Commission(CSRC). Relevant government departments, including the CSRC, the central bank and the State Administration of Foreign Exchange, have reached agreement on the RQFII mechanism, which allows [...]
