QFII, RQFII schemes combined to expand foreign investment scopeChina took further steps to deregulate its capital markets on Thursday after the China Securities Regulatory Commission decided to combine two inbound investment schemes and broaden their investment scope to include derivatives, bond repurchases and private funds.The move, which comes close on the heels of Yi Huiman, the former chairman of the Industrial and Commercial Bank of China Ltd, taking the helm at CSRC, will integrate regula
Major breakthroughs are seen in newly released regulations for the highly anticipated science and technology innovation board to be launched at the Shanghai Stock Exchange, providing more financing opportunities to technology-driven startups.With two months" preparation, the China Securities Regulatory Commission and the Shanghai bourse released regulations on their respective websites on Wednesday, outlining eased access for listing with an experimental registration-based initial public offerin
China"s stock market is likely to see an inflow of foreign capital totaling about 600 billion yuan (88.76 billion U.S. dollars) in 2019, a senior securities regulator predicted last Saturday.A net inflow of 300 billion yuan of foreign capital was recorded last year, Fang Xinghai, deputy head of the China Securities Regulatory Commission (CSRC) said at a forum, according to China Securities Journal.Fang attributed the rosy prospects to global investors" confidence in the Chinese economy in the lo
International investors who seek to optimize their portfolios look to mainland-listed stocksChina"s A-share market will become more connected with the world in 2019, while showing much independence in stock performance, analysts said.The trend is making A shares attractive for international investors to optimize portfolios, they said.Zhang Dongyue, investment director of multi-asset and macro investing at London-listed Aberdeen Standard Investments, said that compared with shares listed on the H
Initial public offerings (IPOs) on the Chinese mainland"s A-share market are expected to recover in the second half of 2019 after approvals hit a new low last year, the China Daily reported Friday."We predict the A-share market will remain in a cautious mood during the first half of 2019, but will stabilize and recover in the second half due to marginal improvements in bearish situations," the newspaper cited Frank Lyn, markets leader of PwC for the Chinese mainland and Hong Kong, as saying.The
The earliest time for the launch of the long-awaited Shanghai-London Stock Connect scheme might be the second half of this month, according to people who have the knowledge of the matter.One of the major reasons has to do with the United Kingdom"s impending exit from the European Union, and probably the earliest time people can expect might be in the second half of this month, according to a source who has the knowledge of the matter."We still need to see how the Brexit process proceeds," the so
Locked shares from around 200 listed companies will become eligible for trade on the Shanghai and Shenzhen stock exchanges in January.Calculated with previous closing prices, the shares are worth more than 270 billion yuan (about 39 billion U.S. dollars), according to data service provider ChinaDataPay.Six companies will see locked shares of more than 10 billion yuan made eligible for trade this month, including China CITIC Bank, Shenwan Hongyuan Securities and Bank of Chengdu.On Wednesday, Focu
China"s small-and medium-sized enterprises (SMEs) raised 60 billion yuan (8.76 billion U.S. dollars) on the country"s "new third board" last year, according to the National Equities Exchange and Quotations (NEEQ).The total number of companies traded on the board stood at 10,691 by the end of 2018, with aggregate capitalization at 3.45 trillion yuan, a NEEQ report said.Around 88.8 billion yuan of shares were transferred on the board last year. The value of preference shares offerings came in at 2
Chinese firms swept half of the globe"s top 10 biggest initial public offerings (IPOs) in 2018, with a surge in overseas flotations, a report by international accounting firm EY showed.Tech firms China Tower, Xiaomi, Foxconn Industrial Internet, Meituan and online entertainment platform iQiyi made into the world"s top 10 IPOs in terms of fund-raising, according to the EY report released Thursday.The report said it is estimated that 205 Chinese mainland firms were listed in Hong Kong this year, u
Stricter regulation helps improve quality, boost investment prospects, say expertsWith the slowdown in new initial public offerings in China in 2018, due to global trade tensions and stricter supervision, the number of companies waiting for IPO approval from the China Securities Regulatory Commission has contracted to a five-year low, according to an EY report released on Thursday.A total of 105 companies went public on the A-share market this year, down 76 percent from a year earlier. The total
China"s securities regulator will put into place more market-based reform measures to support the medium and long-term growth of the equities market, including the launch of a science and innovation board in Shanghai as soon as possible."To boost innovation and high-quality growth, we will promote the reform of fundamental rules (on the new board) in a coordinated way," the China Securities Regulatory Commission announced.Areas where the commission will push forward reforms on the new trading pl
News that some local governments have eased restrictions on housing sales hit the headlines this week, but the move received a lukewarm response from A-share investors.The sub-index tracking the nation"s property sector lead the slump in A shares on Friday, extending this week"s loss to 4.31 percent, according to financial information provider Wind Info.The relaxation of property sales restrictions in Guangzhou, Guangdong province and Heze, Shandong province this week did not improve investor se
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