Chinese brokerage Guolian Securities is set to acquire bigger securities peer Sinolink Securities, a move that may kickstart the consolidation of brokerages in China, as foreign players increasingly enter the nation's financial sector, leading to more competition.
Chinese insurer Ping An Group said on Monday that its offshore asset management unit launched its first Undertakings for Collective Investment in Transferable Securities umbrella fund to provide global investors opportunities to invest in China's equity and fixed income markets.
China's central bank formed a partnership on Saturday with the fintech arm of JD.com, one of China's largest e-commerce companies, for projects like the development of apps to support digital currency efforts.
China’s Shanghai Stock Exchange told investors to “strictly abide” by rules for initial public offerings over concerns that buyers, sellers and underwriters may have colluded to suppress prices on its technology board.
Chinese fintech Ant Group cleared a key hurdle for its blockbuster initial public offering Friday when a committee approved its proposed listing on the Shanghai Stock Exchange’s STAR Market.
Industrial and Commercial Bank of China said Thursday that it has launched the first Visa virtual credit card in Hong Kong in response to the increasing popularity of cardless payment via mobile phones.
Chinese auto insurance profits will likely take a hit from a fresh wave of regulatory reforms making payouts more expensive for carriers, despite the benefits from fewer accident claims in the pandemic, Moody’s said.
The Singapore Exchange on Thursday unveiled the listing of the world’s biggest exchange-traded fund to invest solely in Chinese government bonds, aiming to capitalize on investors’ accelerating demand to access opportunities in the second-largest bond market on the globe.
Tougher Hong Kong regulations for domestic insurance groups that operate internationally would strengthen their risk and capital management, Fitch Ratings said Monday.
China’s central bank on Tuesday reaffirmed a commitment to convert the Chinese banking system to its newer loan prime rate, while holding the state-controlled benchmark reference rate steady to aid the country’s economic recovery.
China’s central bank issued new regulations on capital requirements and corporate governance for financial holding companies in a bid to prevent systemic financial risks, citing gaps in its supervision of the nation’s financial sector.
Bank of America has wooed Zhang Wenjie, a former HSBC mainland China executive, to join as a managing director and president of China, the South China Morning Post reported Monday, a departure that comes as HSBC has made the country the cornerstone of its growth strategy.
Goldman Sachs is in talks to take full ownership of its Chinese securities joint venture, Chinese news site Caixin reported on Thursday, making it the latest major player to try to take advantage of China opening up its financial sector to foreign firms.
Inclusion in an important global government bond index could generate as much as $140 billion in additional inflows for China, according to a research note from Goldman Sachs.
Tokyo-based Ueda Yagi Tanshi Co. will be the first wholly foreign-owned money broker to operate in mainland China, after receiving approval on Friday from the China Banking and Insurance Regulatory Commission.
Financial regulators in China rolled out new draft rules to make it easier for foreign financial institutions to participate in its $15.4 trillion bond market, as the country continues to open itself up to global investors.
China Merchants Bank’s Hong Kong branch priced its first green bond for $800 million on Wednesday, kicking off its sustainable bond program and committing funds to low-carbon transportation projects.
JPMorgan Chase reportedly has first right to buy a 20% stake in its Chinese securities joint venture for CNY 177.7 million ($26 million), bringing the bank closer to gaining full control of the company as China opens up its financial market to foreign firms.
Investment in Southeast Asian and Australian financial technology companies surged in the second quarter even as funding for the sector cooled globally and in other markets in the region, according to S&P Global.
Citigroup’s China arm said on Wednesday that it has received a domestic fund custody license from Chinese regulators, making it the first U.S. bank to receive such a license.