After a turbulent start of the year for the Chinese stock markets, as the newly implemented circuit breaker mechanism was activated twice, the Chinese regulators have decided to suspend the solution, in order to keep the markets stable. According to a Xinhua report, referring to a statement from the China Securities Regulatory Commission (CSRC), the mechanism…
Read morePeople's Bank of China (PBOC) on Monday published details regarding regulations of the booming online payments sector, which are set to come into effect on July 1, 2016. The new rules restrict the size of payments done from non-bank payment accounts and introduce certain requirements for registration. In particular, the size of payments through such…
Read moreGuotai Junan International Hold. Limited (HKG:1788), a Hong Kong Forex, futures and equities broker, has been unable to contact its chairman Dr. Yim Fung for almost a week already, according to numerous media reports. In an announcement with the stock exchange, the broker has confirmed that contact has been lost with Dr. Yim since November…
Read moreSeveral leading brokerages, including GF Securities, Huatai Securities and Haitong Securities, are probed over alleged violations of the Securities Law of the People’s Republic of China.
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