Page 5 - Nerys Avery News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ex-Regulator’s Private Equity Firm Fined for Breaking Securities Law The CSRC’s punishments relate to a 2.25 billion yuan private placement by Jiuding Group A highflying Chinese private equity firm was punished for misconduct in a private share placement by one of its subsidiaries after a 2½-year investigation in a regulatory crackdown on market irregularities. Tongchuang Jiuding Investment Holding Co. Ltd. (Jiuding Holding, 同创九鼎投资控股有限公司) was fined 100 million yuan ($15.5 million) by the China Securities Regulatory Commission (CSRC), the agency said Thursday. Wu...

Provinces Kick Off Local Bank Bailouts With Initial $7.8 Billion Injection China’s local governments have been charged with cleaning up the problems at banks under their jurisdiction. China’s strategy to beef up weak local banks and provide them with funds to increase lending has taken a step forward with five provincial governments raising 50.6 billion yuan ($7.84 billion) over the past month through the sale of special-purpose bonds (SPBs) after the State Council gave the policy the Guangdong kicked off the fundraising on Dec. 7 with the sale of a 10 billion yuan SPB. Zhejiang and Shan...

Ex-Finance Minister’s Call for Bond Market Reform Sparks Central Bank Pushback Although reform of China’s stock markets has accelerated since the meltdown in the summer of 2015, reform of the bond market has lagged, a former Chinese finance minister said in a recent criticism of the market reform efforts. Photo: IC Photo A row over how to overhaul China’s bond market has spilled over into the public domain after former Finance Minister Lou Jiwei launched a broad-brush attack on the country’s regulators and warned that if reforms aren’t speeded up, the market could well be the source...

China’s Latest Economic Buzzword: ‘Demand-Side Reform’ A store employee dresses a mannequin on Nov. 2 at a department store in Urumqi, Northwest China Xinjiang Uygur autonomous region. Supply-side structural reform has been a top policy objective for China since it was first introduced by President Xi Jinping in late 2015, but a new buzzword has now entered the country’s economic lexicon — “demand-side reform” (需求侧改革). The phrase made its public debut on Friday at the latest meeting of China’s Politburo, the ruling Communist Party’s top decision-making body chaire...