Mainland stock markets will implement circuit breaker protocols on January 1 in a bid to avert another equities rout, South China Morning Post reported, citing announcements from the Shanghai Stock Exchange, Shenzhen Stock Exchange and China Financial Futures Exchange. A move of 5% by the CSI 300 Index will trigger a 15-minute halt for stocks, options […]
Category: Banking & Finance
State-controlled China Energy Engineering Corp. has raised US$1.8 billion from its listing Hong Kong, joining the ranks of other Chinese companies forced to price initial public offerings there at the lower end of their price range in response to lukewarm investor interest, The Wall Street Journal reported. Other tepid debuts include those of Bank of […]
Short selling on the Hong Kong-Shanghai Stock Connect has totaled RMB0 (HK$0) since regulators ostensibly began permitting the practice on the linkup in February, South China Morning Post reported. While trading rules technically allow for short selling, but in practice parties that do securities lending are barred from the business, a limitation those in the […]
The National Development and Reform Commission said AAA-rated notes or securities whose issuers have AAA scores could be waved from internal review procedures, Bloomberg reported, citing a statement published to the commission’s website. The regulatory easing comes as Premier Li Keqiang encourages more bond offerings to help stem an ongoing economic slowdown. Chinese companies have sold […]
J.P. Morgan Chase & Co. hired the family and friends of executives at nine out of 12 major Chinese companies it took public from 2004 to 2013, The Wall Street Journal reported, citing a document compiled by the bank to submit to US investigators in April as part of a federal bribery investigation. The document lists […]