Financial Institutions

UBS May Be China’s First Foreign-Controlled Brokerage as COFCO, Guodian Sell Stakes

UBS May Be China’s First Foreign-Controlled Brokerage as COFCO, Guodian Sell Stakes

UBS may have become China’s first fully foreign-owned brokerage following moves by two Chinese companies to sell off stakes in the Swiss investment bank’s local unit.

Oct 11, 2018
Xu Wei
Haitong Securities Starts As First Chinese-Funded Market Maker on Nasdaq

Haitong Securities Starts As First Chinese-Funded Market Maker on Nasdaq

Haitong Securities Starts As First Chinese-Funded Market Maker on Nasdaq . A US unit of Hong Kong's Haitong International…

Oct 9, 2018
Xu Wei
‘Academy Awards’ of Chinese Securities Research Drops Shortlisted Analysts After Lewd Party

‘Academy Awards’ of Chinese Securities Research Drops Shortlisted Analysts After Lewd Party

The non-governmental organization responsible for handing out China’s most-coveted awards in the securities sector has removed two analysts from contention…

Sep 19, 2018
Liao Shumin
JP Morgan Wants to Up Its Stake in Securities JVs to 100%, China CEO Says

JP Morgan Wants to Up Its Stake in Securities JVs to 100%, China CEO Says

JP Morgan Chase will take an active part in China's financial opening and wants to increase its equity in its…

Sep 19, 2018
Zhou Ailin
Ping An Denies Rumors It Will Cease Active Equity Management

Ping An Denies Rumors It Will Cease Active Equity Management

Rumors that one of China’s biggest insurers Ping An Insurance Group will stop actively managing stock accounts and sell off shares are fictitious, according to an executive at the firm.

Sep 14, 2018
Liao Shumin
Huarong to Wait for Anti-Graft Dust to Settle Before Listing in China Mainland

Huarong to Wait for Anti-Graft Dust to Settle Before Listing in China Mainland

China Huarong Asset Management, whose former head is being investigated for corruption, has pulled a plan to list shares in the mainland after first-half net profit plunged almost 95 percent.

Sep 11, 2018
Tang Shihua
Zhengzhou Commodity Exchange Looks Into Adding Coffee, Jujube, Other Futures

Zhengzhou Commodity Exchange Looks Into Adding Coffee, Jujube, Other Futures

The Zhengzhou Commodity Exchange, one of China’s main platforms for trading agricultural futures, is pondering the introduction of new contracts…

Sep 10, 2018
Chen Juan
China’s Dagong Global Seeks Voluntary Staff Departures After Ratings Scandal

China’s Dagong Global Seeks Voluntary Staff Departures After Ratings Scandal

Dagong Global Credit Rating has asked about a sixth of its workforce to leave of their own accord, according to a media…

Sep 6, 2018
Chen Juan
CDB Unveils China-Africa Financial Cooperation Consortium

CDB Unveils China-Africa Financial Cooperation Consortium

The 17 member banks of the China-Africa Financial Cooperation Consortium signed the China-Africa Financial Cooperation Consortium Establishment Agreement in Beijing…

Sep 6, 2018
Liao Shumin
[Exclusive] Credit Suisse Will Up Its Shareholding in CS Founder

[Exclusive] Credit Suisse Will Up Its Shareholding in CS Founder

Credit Suisse Group is negotiating with Founder Securities, the Chinese shareholder in their joint venture securities trading firm CS Founder  Securities, and regulators on raising its shareholding in the JV firm…

Sep 3, 2018
Zhou Ailin
It's Official: Foreign Firms Can Now Own Majority Stakes in Chinese Banks, AMCs

It's Official: Foreign Firms Can Now Own Majority Stakes in Chinese Banks, AMCs

China's banking regulator has officially approved majority ownership for foreign investors that want to purchase equity in Chinese banks and…

Aug 24, 2018
Song Yikang
China Life Plans USD581 Million Fund JV Targeting SOEs, Emerging Sectors

China Life Plans USD581 Million Fund JV Targeting SOEs, Emerging Sectors

China Life Insurance, one of the country’s major insurance firms, will contribute USD581 million to cooperate with an investment company…

Aug 24, 2018
Tang Shihua

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