China equities regulatory system had flaws: CSRC chief
9 years, 2 months ago

China equities regulatory system had flaws: CSRC chief

Live Mint  

Shanghai/Beijing: A review of the turmoil that’s rattled Chinese stock markets since last June has exposed loopholes and ineptitude within the regulatory system, said Xiao Gang, chairman of the nation’s equities watchdog. An immature bourse and participants, incomplete trading rules, an inadequate market system and an inappropriate regulatory system were to blame and regulators will learn from their mistakes, Xiao said in transcript of an internal meeting of the China Securities Regulatory Commission that was posted on the agency’s website on Saturday. “The slumping stock market, fleeing liquidity, speedy deleveraging activities, augmented by self-defeating redemption at mutual funds and selloffs in futures, spiraled into a full- scale crisis like a domino effect,” Xiao said in the transcript. “During the abnormal volatility in the stock market, some institutions let illegal and irregular activities ride instead of taking responsibility to stabilize the market.” Chinese shares fell into a bear market again this week, wiping out gains from an unprecedented state rescue amid waning confidence in the government’s ability to manage the country’s financial markets.

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History of this topic

China Securities Regulator Vows Efforts to Stabilize Market
2 months, 2 weeks ago

China Securities Regulator Vows Efforts to Stabilize Market

Live Mint  

China’s top securities regulator said it will work on building a mechanism to stabilize the market, vowing to anchor market expectations in 2025 after a disappointing start to the new year. The China Securities Regulatory Commission said stability is top of its agenda in 2025 as it pledged to make every effort to induce and maintain the market’s stabilizing and …

Expert sees 'tough' capital market reform
8 months, 4 weeks ago

Expert sees 'tough' capital market reform

China Daily  

The next wave of China's capital market reform could see "harsh punishments and tough laws" to rein in illegal activities as property giant Evergrande's recent meltdown due to debt troubles underscored the gravity of securities malpractices, said a leading financial expert and senior economist. Reforms need to be deepened urgently to preempt rule violations and further develop an investor-oriented capital …

China securities regulator to strengthen inspections on firms planning IPOs
11 months, 3 weeks ago

China securities regulator to strengthen inspections on firms planning IPOs

China Daily  

An investor in Shanghai checks stock index movements on a mobile phone. BEIJING - China's top securities regulator has said it would strengthen inspections on firms planning initial public offerings this year by increasing the intensity of inspections. The move, in line with a pledge in March by China Securities Regulatory Commission Chairman Wu Qing to effectively pursue whole-process supervision …

China continues efforts to strengthen supervision of listing activities
1 year ago

China continues efforts to strengthen supervision of listing activities

China Daily  

An investor checks stock prices at a brokerage in Shenyang, capital of Liaoning province. China is mulling to raise the listing criteria of some market sections and implement on-site inspections of at least one third of the IPO applicants as part the country's ramped-up efforts to strengthen the supervision of listing activities. Yan Bojin, head of the China Securities Regulatory …

Improving regulations ensures fair market environment for retail investors
1 year ago

Improving regulations ensures fair market environment for retail investors

China Daily  

Wu Qing, chairman of the China Securities Regulatory Commission, attends a news conference on economy for the second session of the 14th National People's Congress in Beijing, March 6, 2024. China will improve a series of capital market regulations and strengthen crackdowns on illegal security behaviors to ensure a fair market environment for retail investors, according to Wu Qing, chairman …

Chinese regulator looks to boost stock market, open up capital market
1 year, 8 months ago

Chinese regulator looks to boost stock market, open up capital market

Live Mint  

China’s markets regulator has consulted securities firms for possible measures to boost stocks amid growing signs Beijing is seeking to restore investor confidence, people familiar with the matter said. As reported by Bloomberg, The China Securities Regulatory Commission convened a meeting this week with select brokerages to solicit their feedback, the people said, asking not to be named discussing a …

Business group: Companies in China want ‘clarity’ after security rule changes, raids on consultants
1 year, 10 months ago

Business group: Companies in China want ‘clarity’ after security rule changes, raids on consultants

Associated Press  

BEIJING — Foreign companies in China are uncertain about what they are allowed to do following police raids on consulting firms and want “greater clarity” about how newly expanded national security and other rules will be enforced, a foreign business group said Tuesday. “If there is greater clarity and greater certainty, then we believe that companies will commit more to …

CSRC approves 11 IPOs under new system
2 years ago

CSRC approves 11 IPOs under new system

China Daily  

An investor in Shanghai checks stock index movements on a mobile phone. The highly anticipated start of the registration-based initial public offering mechanism for entire A-share market appears imminent, as the first 11 companies seeking stock market debut via the new institutional arrangement received the final supervisory green light from the China Securities Regulatory Commission on Monday. Tian Xuan, associate …

Reform of Across-the-Board Registration System: Listed Chinese Companies on US Stock Market in the First Half of the Year (No.237, 2021)
3 years, 5 months ago

Reform of Across-the-Board Registration System: Listed Chinese Companies on US Stock Market in the First Half of the Year (No.237, 2021)

China Daily  

Reform of Across-the-Board Registration System: Listed Chinese Companies on US Stock Market in the First Half of the Year 2021-10-29 By Chen Daofu & Li Ganlin, Research Institute of Finance, DRC Research Report, No.237, 2021 2021-9-1 Abstract: In the first half of this year, 36 companies had gone public on US stock market despite unreasonable arrangements made by US regulators. …

China pledges further institutional opening-up of capital market
3 years, 7 months ago

China pledges further institutional opening-up of capital market

China Daily  

China will unswervingly advance institutional opening-up of the capital market, the country's securities regulator said Friday. The country will roll out a raft of policy measures to further open up its capital market while coordinating development and security, the China Securities Regulatory Commission said in its mid-year meeting on regulation. Efforts will be made to create conditions to facilitate China-U.S. …

SEC temporarily halts approvals of new Chinese IPOs after Didi debacle
3 years, 8 months ago

SEC temporarily halts approvals of new Chinese IPOs after Didi debacle

CNN  

New York CNN Business — The Securities and Exchange Commission has told its staff to ask for more disclosures from Chinese companies seeking to go public in the United States before it will approve any plans for them to sell shares. The announcement Friday, first reported by Reuters, shows regulators are taking a much more cautious stance on Chinese companies …

China unveils measures for registration-based system of ChiNext
4 years, 9 months ago

China unveils measures for registration-based system of ChiNext

China Daily  

China has introduced a series of measures to reform ChiNext and pilot the registration-based initial public offerings system in the country's Nasdaq-style board of growth enterprises, according to the country's top securities regulator. The China Securities Regulatory Commission said measures to regulate IPO registration on ChiNext include stricter requirements for information disclosure and legal and financial compliance. In addition, the …

Nasdaq to tighten listing rules, restrict Chinese IPOs due to escalating tensions between US-China over trade: Report
4 years, 10 months ago

Nasdaq to tighten listing rules, restrict Chinese IPOs due to escalating tensions between US-China over trade: Report

Firstpost  

Nasdaq Inc is set to unveil new restrictions on initial public offerings, a move that will make it harder for some Chinese companies to debut on its stock exchange, people familiar with the matter said on Monday New York: Nasdaq Inc is set to unveil new restrictions on initial public offerings, a move that will make it harder for some …

Regulations to clean up IPOs
7 years, 3 months ago

Regulations to clean up IPOs

China Daily  

The China Securities Regulatory Commission constituted a new IPO application review committee in October. CSRC targets fake documents, fudged financials, suspect companies Tightened approvals for initial public offering or IPO applications will help boost market trust and improve the quality of new stocks, analysts said. In October, the China Securities Regulatory Commission constituted a new IPO application review committee. Gai …

China toughens IPO reviews to bolster market confidence
7 years, 4 months ago

China toughens IPO reviews to bolster market confidence

China Daily  

BEIJING - "It is the best of jobs, it is the worst of jobs," is how Chinese top securities regulator Liu Shiyu described the new committee he created to review IPO applications. The creation of the new committee indicates IPO reviews will become stricter, as part of measures to toughen supervision and punishment for illegal trading, after a market rout …

Regulator sifts more IPO applications on quality ground
7 years, 8 months ago

Regulator sifts more IPO applications on quality ground

China Daily  

Investors sit in front of an electronic stock board at a securities brokerage in Shanghai, June 9, 2017. The Chinese securities watchdog rejected 43 of 329 companies' applications for initial public offerings in the first seven months of the year, sending the veto rate to 13.07 percent from last year's 2.21 percent, China Securities Journal quoted statistics as saying. China's …

Regulator sifts more IPO applications on quality ground
7 years, 8 months ago

Regulator sifts more IPO applications on quality ground

China Daily  

Investors sit in front of an electronic stock board at a securities brokerage in Shanghai, June 9, 2017. The Chinese securities watchdog rejected 43 of 329 companies' applications for initial public offerings in the first seven months of the year, sending the veto rate to 13.07 percent from last year's 2.21 percent, China Securities Journal quoted statistics as saying. China's …

China tries to calm investors with words, cash amid tougher market regulations
7 years, 10 months ago

China tries to calm investors with words, cash amid tougher market regulations

Live Mint  

Beijing: China is breaking out its mouthpieces—and wallet—as it seeks to soothe investors in the face of tighter financial market regulations. “Policymakers are trying to send a very clear signal—they do not want a disorderly deleveraging process,” said Tommy Xie, an economist in Singapore at Oversea-Chinese Banking Corp. “But investors are still concerned about policy risks, so any news on …

China securities watchdog urges stock exchanges to toughen supervision
7 years, 11 months ago

China securities watchdog urges stock exchanges to toughen supervision

China Daily  

BEIJING -- Stock exchanges should conduct supervision over listed firms more proactively, the country's securities watchdog said Saturday. It is the responsibility of stock exchanges to be supervising IPOs, mergers and the reorganization and delisting of listed firms, according to Liu Shiyu, head of the China Securities Regulatory Commission. "All players are subject to the supervision of stock exchanges, not …

China to tighten securities trading rules for institutions
7 years, 11 months ago

China to tighten securities trading rules for institutions

China Daily  

BEIJING - China's stock exchanges and securities depository and clearing authority are soliciting opinions on their new trading rules for institutions, which are designed to prevent errors that could cause volatility and even threaten the whole market. The new rules aim to fend off abnormal transaction and settlement risks due to technical failures or "fat finger" trading incidents, according to …

China to tighten securities trading rules for institutions
7 years, 11 months ago

China to tighten securities trading rules for institutions

China Daily  

China to tighten securities trading rules for institutions Xinhua | Updated: 2017-04-05 15:31 Share Share - WeChat CLOSE BEIJING - China's stock exchanges and securities depository and clearing authority are soliciting opinions on their new trading rules for institutions, which are designed to prevent errors that could cause volatility and even threaten the whole market. The new rules aim to …

China to tighten securities trading rules for institutions
7 years, 11 months ago

China to tighten securities trading rules for institutions

China Daily  

China to tighten securities trading rules for institutions Xinhua | Updated: 2017-04-05 15:31 BEIJING - China's stock exchanges and securities depository and clearing authority are soliciting opinions on their new trading rules for institutions, which are designed to prevent errors that could cause volatility and even threaten the whole market. The new rules aim to fend off abnormal transaction and …

China to tighten securities trading rules for institutions
7 years, 11 months ago

China to tighten securities trading rules for institutions

China Daily  

China to tighten securities trading rules for institutions Xinhua | Updated: 2017-04-05 15:31 BEIJING - China's stock exchanges and securities depository and clearing authority are soliciting opinions on their new trading rules for institutions, which are designed to prevent errors that could cause volatility and even threaten the whole market. The new rules aim to fend off abnormal transaction and …

China enhances crackdown on capital market fraud
8 years ago

China enhances crackdown on capital market fraud

China Daily  

BEIJING - World Consumer Rights Day has arrived, and China plans to enhance its crackdown on capital market fraud. The country's top securities regulator, the China Securities Regulatory Commission, announced last Friday that it would impose the maximum penalty on office service provider China Nine Top and AnShan Heavy Duty Mining Machinery for severe violations of information disclosure rules. China …

China’s markets regulator CSRC to focus on stability, reforms
8 years, 1 month ago

China’s markets regulator CSRC to focus on stability, reforms

Live Mint  

Beijing: China will focus on stable development of its capital markets this year, but will press ahead to further open its markets to foreign companies, the top securities regulator said on Sunday. Chinese regulators have turned their sights on controlling risks in financial markets as speculative activity and leverage in the economy rise, with the securities regulator vowing to clear …

China warns of cross-border stock market manipulation
8 years, 4 months ago

China warns of cross-border stock market manipulation

China Daily  

An investor checks stock information on his mobile phone in front of an electronic board showing stock information at a brokerage house in Beijing, February 16, 2016. BEIJING - China's stock market regulator raised the alarm about overseas market manipulation on Friday, as mainland and Hong Kong markets become increasingly connected. The China Securities Regulatory Commission held a joint training …

Investor distrust leads to stock market slump over new listing rule[1]- Chinadaily.com.cn
8 years, 6 months ago

Investor distrust leads to stock market slump over new listing rule[1]- Chinadaily.com.cn

China Daily  

A man checks share prices on his mobile phone while waiting for his coffee at a Starbucks branch in Beijing July 16, 2015. The securities regulator recently issued a policy that will shorten the listing process of companies from China's western and other less-developed regions. Odd as it may seem, the China Securities Regulatory Commission policy will not disrupt the …

Investor distrust leads to stock market slump over new listing rule[1]- Chinadaily.com.cn
8 years, 6 months ago

Investor distrust leads to stock market slump over new listing rule[1]- Chinadaily.com.cn

China Daily  

A man checks share prices on his mobile phone while waiting for his coffee at a Starbucks branch in Beijing July 16, 2015. The securities regulator recently issued a policy that will shorten the listing process of companies from China's western and other less-developed regions. Odd as it may seem, the China Securities Regulatory Commission policy will not disrupt the …

Watchdog tightens scrutiny on IPOs
8 years, 9 months ago

Watchdog tightens scrutiny on IPOs

China Daily  

People visit the headquarters of the China Securities Regulatory Commission in Beijing, China, Sept 20 2015. China's top securities regulator tightened the scrutiny on initial public offerings, vowing on Friday to eliminate any unqualified new share issues by companies. The regulator will particularly look into IPO fraud by companies that attempt to "whitewash" their financial accounts to gain regulatory approval …

Regulator vows more stringent info disclosure, corporate governance for listed firms
8 years, 9 months ago

Regulator vows more stringent info disclosure, corporate governance for listed firms

China Daily  

Jiang Yang, vice chairman of China Securities Regulatory Commission, is seen in this file photo taken on Dec 20, 2012 in Beijing. SHANGHAI - China has vowed more stringent oversight of its listed companies to protect investors and curb speculation in the stock market, the stock regulator said Sunday. Authorities will enhance regulatory supervision of public companies listed on China's …

Regulator dismisses reports of blacklist
9 years ago

Regulator dismisses reports of blacklist

China Daily  

Investors check stock prices at a securities brokerage in Haikou, Hainan province. He also said that plans for the introduction of a new strategic emerging industries board in Shanghai were excluded from the country's 13th Five-Year Plan earlier this month because they are still at the discussion stage. The securities regulator originally planned to establish the board on the Shanghai …

China to push IPO registration system gradually
9 years ago

China to push IPO registration system gradually

China Daily  

Chairman of the China Securities Regulatory Commission Liu Shiyu answers questions at a press conference on the sidelines of the fourth session of the 12th National People's Congress in Beijing, capital of China, March 12, 2016. BEIJING - China will press ahead with IPO registration system reform in a gradual manner as it takes time to work out related reform, …

Regulator 'studying' new share sale reform
9 years ago

Regulator 'studying' new share sale reform

China Daily  

Investors check stock prices at a securities brokerage in Haikou, Hainan province on March 8. China's securities regulator is still studying reform of the registration-based system for initial public offerings, a senior securities official said on Tuesday without elaborating on the details or timetable. Reform of the new share sale mechanism has been a closely followed topic during the ongoing …

Markets stabilize after officials quash IPO fears
9 years, 1 month ago

Markets stabilize after officials quash IPO fears

China Daily  

An investor checks stock prices at a securities brokerage in Haikou, Hainan province, on Friday.SHI YAN/CHINA DAILY Central bank governor says China's monetary policy is prudent Chinese stocks stabilized on Friday after Thursday's turmoil as the securities regulator quashed market rumors and the central bank governor said policymakers have room for further easing to stimulate economic growth. "It takes a …

Markets stabilize after officials quash IPO fears
9 years, 1 month ago

Markets stabilize after officials quash IPO fears

China Daily  

An investor checks stock prices at a securities brokerage in Haikou, Hainan province, on Friday.SHI YAN/CHINA DAILY Central bank governor says China's monetary policy is prudent Chinese stocks stabilized on Friday after Thursday's turmoil as the securities regulator quashed market rumors and the central bank governor said policymakers have room for further easing to stimulate economic growth. "It takes a …

Regulator quashes registration-based IPO rumors
9 years, 1 month ago

Regulator quashes registration-based IPO rumors

China Daily  

The securities regulator on Friday quashed market rumors and stated that the examination and approval processes of new share listing will not change before the launch of the registration-based IPO system. The statement was made after China's stock market tumbled by more than 6 percent on Thursday amid rumors that registration-based IPO system would be first applied to companies applying …

Regulator quashes registration-based IPO rumors
9 years, 1 month ago

Regulator quashes registration-based IPO rumors

China Daily  

The securities regulator on Friday quashed market rumors and stated that the examination and approval processes of new share listing will not change before the launch of the registration-based IPO system. The statement was made after China's stock market tumbled by more than 6 percent on Thursday amid rumors that registration-based IPO system would be first applied to companies applying …

New securities chief faces challenge in restoring confidence[1]- Chinadaily.com.cn
9 years, 1 month ago

New securities chief faces challenge in restoring confidence[1]- Chinadaily.com.cn

China Daily  

Liu Shiyu, new head of China Securities Regulatory Commission. Liu Shiyu, the newly appointed head of China's securities watchdog to replace Xiao Gang, faces a daunting task in making the equity market more market-oriented and in cracking down on illegal activities. Li Shuguang, a law professor at China University of Political Science and Law, said Liu's appointment before the annual …

Private investment firms face heat of regulator's crackdown
9 years, 2 months ago

Private investment firms face heat of regulator's crackdown

China Daily  

Private investment firms in China are facing tighter regulation as the country's securities market regulator steps up its crackdown on illegal activities. According to the China Securities Regulatory Commission, 25,607 private investment firms registered with it as of Jan 15 manage assets worth 5.1 trillion yuan. Typically, private investment firms in China are private equity firms, venture capital companies and …

Private investment firms face heat of regulator's crackdown
9 years, 2 months ago

Private investment firms face heat of regulator's crackdown

China Daily  

Private investment firms in China are facing tighter regulation as the country's securities market regulator steps up its crackdown on illegal activities. According to the China Securities Regulatory Commission, 25,607 private investment firms registered with it as of Jan 15 manage assets worth 5.1 trillion yuan. Typically, private investment firms in China are private equity firms, venture capital companies and …

Securities watchdog comments on China's trading flaws
9 years, 2 months ago

Securities watchdog comments on China's trading flaws

China Daily  

A stock indicator shows the benchmark Shanghai Composite Index on Jan 13, 2016. "The abnormal market volatilities has substantially reflected the immaturity of the Chinese market and investors, the flaws in the trading and market system as well as the incompetence of the regulatory capability," said Xiao. "This year will be a year of daunting challenges for the securities regulator …

Stabilizing stock market requires policy review
9 years, 2 months ago

Stabilizing stock market requires policy review

China Daily  

An investor at a brokerage in Beijing on Dec 7, 2015. By ruling out immediate stock listing reform on Wednesday, China's securities watchdog may have temporarily saved the main stock indexes from falling below the lowest point reached last summer. The regulatory watchdog should make efforts to clear the confusion over the implementation and effects of the new stock market …

Top 10 events that moved the stocks[1]- Chinadaily.com.cn
9 years, 2 months ago

Top 10 events that moved the stocks[1]- Chinadaily.com.cn

China Daily  

Below is a recap by China Daily editors of key developments that shaped or rocked the A-share market in the year that was. New listing system gives more say to the market On Dec 9, the State Council passed a draft document proposing a registration-based stock listing system, which will likely replace the current approval-based system within two years. Analysts …

China to launch registration-based IPO next year
9 years, 3 months ago

China to launch registration-based IPO next year

China Daily  

China will launch a registration-based initial public offering system in March 2016 to boost the role of the country's stock market and provide the necessary financing for companies. In a statement by the China Securities Regulatory Commission, officials said the legislative approval of launching the registration-based IPO system marked significant development to the Chinese capital market and implements an important …

Preparations for IPO reform in full swing
9 years, 3 months ago

Preparations for IPO reform in full swing

China Daily  

Preparatory work on the long-anticipated registration-based system for initial public offerings is being carried out steadily, the capital market regulator said on Friday without disclosing further details. The China Securities Regulatory Commission said it will issue a draft plan of the new IPO system and a set of related regulations to solicit public opinion after it gains the approval from …

CSRC streamlines powers to check corruption
9 years, 4 months ago

CSRC streamlines powers to check corruption

China Daily  

The headquarters of China Securities Regulatory Commission in Beijing, July 7, 2006. Capital market regulator may relax approval requirements for IPOs, corporate refinancing China's securities watchdog vowed on Friday to streamline its regulatory powers in an attempt to eradicate power abuse and corruption within the agency. The China Securities Regulatory Commission said it was considering removing the approval requirements for …

China stocks tumble most since summer slump on regulatory crackdown
9 years, 4 months ago

China stocks tumble most since summer slump on regulatory crackdown

Live Mint  

Shanghai: Chinese shares sank more than 5% on Friday in their biggest drop since this summer’s summer rout after Reuters reported the stock regulator had widened its probe on brokerages to include the country’s fourth-biggest securities firm. China Haitong Securities is under investigation by the China Securities Regulatory Commission, two people with direct knowledge of the matter told Reuters, following …

New stock board should aim for flexible listing rules: PwC
9 years, 4 months ago

New stock board should aim for flexible listing rules: PwC

China Daily  

BEIJING -- A new stock board Chinese regulators plan to launch will help support innovative and tech-intensive start-ups if it scraps profitability requirements for listed companies, said accounting firm PricewaterhouseCoopers. Though stock markets on the Chinese mainland are already divided, with three boards listing large enterprises, small and medium firms and tech companies, the profitability rules apply to all listed …

China stock regulator mulls index circuit breaker system
9 years, 6 months ago

China stock regulator mulls index circuit breaker system

China Daily  

BEIJING -- China securities regulator said Sunday to deepen reforms, improve legal framework and enhance market supervision, by possibly introducing mechanisms such as a stock index circuit breaker system, in a bid to prevent further abnormal fluctuations. A stock market rout since mid-June, which had chopped the benchmark Shanghai Composite Index by more than 38 percent by Wednesday, exposed many …

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