The Communist Party's central committee appointed Wu Qing as Yi's replacement, with Yi being seen by some as the fall guy for recent losses. Wu, nicknamed "Broker Butcher," is a senior official known for cracking down on brokerages. A veteran regulator with a reputation for tough actions, he previously served as the acting vice…
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The following guest post is courtesy of ATFX Global Chief Market Strategist Alejandro Zambrano. The Chinese stock market is under pressure and from its 2019 high of 14237.2 the China A50 index had slid by 12.55% at the time of writing. Chinese stock markets have much like its European and U.S. peers been thriving since the start of…
Read moreChina Securities Regulatory Commission (CSRC) on Friday argued against a media report alleging it has drafted a blacklist of 30 to 40 companies targeted for delisting. CSRC spokesman Deng Ge sought to refute the allegations. According to Xinhua, he stated: "The report is seriously inconsistent with the facts. Stock exchanges are the ones responsible for…
Read moreAfter turbulence rattled Chinese stock market early this year, first forcing the implementation and then the suspension of a circuit breaker mechanism, the nation's securities regulator has updated on the potential use of the controversial mechanism. Liu Shiyu, Chairman of the China Securities Regulatory Commission (CSRC), was quoted by Xinhua as saying that China will not…
Read moreAfter 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 moreInternational provider of online trading services Monex Group, Inc. (TYO:8698) has just published the findings of the Nineteenth Monex Global Retail Survey, conducted from November 24 to December 7, 2015. Fed expected to hike rates this year Amid the key findings of the survey, which monitors investor mood and expectations in Japan, China (Hong Kong)…
Read moreChina has taken various measures following the “Black Monday” events from August 2015 that rattled the nation's stock markets... The latest set of measures against wild swings in the Chinese stock markets was announced today on the website of the Shanghai Stock Exchange (SSE). The announcement says that following an approval from the China Securities…
Read moreChina's Ministry of Public Security has closed online accounts of dozens of people accused of spreading rumors regarding the recent events that rocked the Chinese stock market and had vast repercussions for the global financial markets too.
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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