Search Results for: Citic Securities
China Shares Fall Sharply as Regulators Investigate Brokers
November 27th, 2015
Chinese officials have ramped up scrutiny of the securities industry Chinese authorities’ investigations into two major Chinese brokerages over suspected violations drove shares in Shanghai sharply lower Friday. The Shanghai Composite Index fell 4.6% to 3468.13, wiping out most ...
Stocks Fall on China Selloff as Yuan Weakens; Commodities Slump
November 27th, 2015
Brokerages lead losses in Chinese shares on government probes Traders holding on to December Fed bets while ECB seen easing A selloff in Chinese stocks spread across Asia as falling industrial profits and a deepening probe of the financial ...
China Said to Ease Control on Brokers’ Proprietary Trading
November 25th, 2015
Regulator issued notice scrapping net long rule, people say CSRC cancels rules as stock market stabilizes after slump China has canceled a rule requiring brokerages to hold daily net long positions in their proprietary trading accounts as the nation’s ...
Head of Hong Kong-based brokerage Guotai is missing
November 24th, 2015
Head of Hong Kong-based brokerage Guotai Junan International ‘missing’ in case linked to probe of CSRC vice-chairman Shares hammered, closing down more than 12 per cent, after company says it has been unable to contact chairman since Wednesday The ...
Fear Spreads as China’s Finance Firms Face Arrests
November 18th, 2015
“People are worried” as hedge funds, traders, CSRC targeted At least 16 connected to finance world caught up in crackdown The high-drama highway arrest of a prominent hedge fund manager. Seizures of computers and phones at Chinese mutual funds. The investigations ...
Asian stocks mixed on possible December rate hike
November 5th, 2015
Asian stocks put up a mixed performance on Thursday, after Federal Reserve chair Janet Yellen said that December’s monetary policy meeting would be a “live possibility” for a rate hike if upcoming economic data were supportive. Yellen was testifying before the ...
Asian stocks rejoice at offshore gains, Japan Post debut
November 4th, 2015
Asian stocks rose sharply on Wednesday, as a confluence of factors including a stellar market debut from Japan Post’s units in Tokyo fueled risk appetite in the region. A fifth straight day of gains for energy counters alongside a ...
Asian shares mixed on BOJ decision, China’s child policy change
October 30th, 2015
Asian shares mostly regained their footing on Friday, following the Bank of Japan’s (BOJ) decision to stand pat on its monetary policy and as China‘s scrapping of its one-child policy bolstered dairy and baby products makers. Major U.S. averages finished lower overnight, ...
China Stocks Jump in Last Hour of Trading on State Support Signs
September 16th, 2015
Government buying may be trigger for rebound, IG Asia says ChiNext small-caps index jumps 7.2% for biggest one-day gain China’s stocks surged after the Shanghai Composite Index slid below the key 3,000 level, with gains coming in the ...
The president of China’s biggest brokerage is under investigation
September 16th, 2015
The president of China’s largest brokerage has been caught in Beijing’s widening probe of insider trading. Cheng Boming, the president of Citic Securities, is being investigated for “insider dealing and leaking inside information,” the company said in a stock ...
