The revised Risk Control Indicator Management Method of Securities Companies is about to be implemented. In addition, as external risk tends to be increasing, securities traders will downsize scale of non-active private asset management plan targeting non-standard debt asset.
Legislation on real estate tax once again becomes a highlight on the market. This issue was proposed by the finance minister Lou Jiwei this time.
Violations of contracts are increasingly seen in the iron & steel and coal industries in China since 2016 with some central state-owned enterprises (SOEs) involved too. What’s the role played by central finance in removing risks of SOEs?
European Union (EU) lawmakers should grant China market economy status (MES) as the excuses put forward to choose otherwise are untenable.
It never rains but it pours. The stock price of China Vanke Co., Ltd suffers consecutive plunge, while nine asset management plans under Baoneng Group are on the verge of being closed out. Vanke requests the regulators to check the suspected violations of laws conducted by nine asset management plans under Baoneng.
The spot exchange rate of CNY/USD dropped below 6.7 last night, setting a new low since November 2010. Yesterday, the central parity rate of CNY/USD plummeted by 159 base points to 6.6961, a new low for a half and five years.
Over the past few months, the quota of the Southbound Trading of Shanghai-Hong Kong Stock Connect was consumed rapidly with the drive of accelerated capital flows from the Mainland to Hong Kong. As of July 18, 201.8 billion yuan southbound quota was utilized, accounting for 80.72 percent of the total.
With the long and stiff adjustment of the economic structure, risks of capital chain of enterprises represented by overcapacity industries continue to expose. The quality of credit assets of commercial banks correspondingly deteriorates at faster speed.
Data of the Shanghai-Hong Kong Stock Connect shows that the southbound trade of mainland capital speeds up in recent period with red-chip stocks including Chinese financial stocks frequently bought.
The first round of financing of new shares in A-share market for the first half of 2016 has ended. Statistics show there are 61 cases of IPOs in the A-share market in the first half with total amount of fundraising reaching nearly 30 billion yuan.
Shares of China Vanke, the country's largest home builder, plunged in Shenzhen as their trading resumed on Monday following more than six months of suspension. The stock price tumbled by the daily limit of 10 percent to 21.99 yuan (3.3 U.S. dollars) at the opening of the market.
China's state-owned enterprises (SOEs) are accelerating the pace in developing overseas businesses, according to a report delivered to the country's top legislature Thursday.
China's manufacturing sector posted a slight drop in June, official data showed on Friday, suggesting there remains downward pressure on the world's second-largest economy.
The sharing economy has huge potential in China, where the younger generation are ready to embrace new ways of doing business and living, senior management of Airbnb believe. "We've seen positive signs of a developing sharing economy in China both from the consumers and the government," Varsha Rao, head of global operations for Airbnb, told Xinhua during the Annual Meeting of the New Champions 2016, or Summer Davos, in Tianjin.
The PBOC on June 27 issued China Financial Stability Report 2016, which introduced high-frequency trading in special column. The report pointed out that high-frequency trading and program trading were criticized during the stock market tumble in 2015.
Charles Li Xiaojia, CEO of Hong Kong Stock Exchange, repeatedly expected that expansion of the Southbound Trading of Shanghai-Hong Kong Stock Connect program. As the total quota of the Southbound trading is going to run out, there is increasing expectation on the launch of SZ-HK Stock Connect.
CEOs of China-headquartered companies are prioritising innovation to drive growth and have highlighted it as one of their top strategic priorities, ahead of their global counterparts, finds a new KPMG report.
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