Profits should be used to replenish their capital bases first, says CSRC
China’s securities regulator yesterday said that it hopes the big banks choose to use their profits to replenish their capital base first.
“The big banks should use their profits first for refinancing,” Zhu Congjiu, assistant to chairman of the China Securities Regulatory Commission (CSRC) said [...]
China’s listed-property developers are expected to report a 50 percent increase in 2009 profits, despite their being some of the worst performers in capital markets due to intensive government policies to cool down the feverish sector.
“As real estate sales skyrocketed in the fourth quarter, we expect the industry’s overall profit growth to exceed 50 percent [...]
China’s securities regulator on Tuesday approved Shanghai-based China Financial Futures Exchange (CFFEX) to undertake stock index futures trade.
Specific launch time shall be made by the CFFEX in line with the market situation and its preparation work following the approval of certain contracts by the regulator, said China Securities Regulatory Commission (CSRC) in a statement.
The State [...]
China will soon clarify the rules and regulations on qualified foreign institutional investors (QFIIs) trading stock index futures in China, the China Daily reported Friday.
“The regulator will work on the policies and regulations on securities companies, mutual funds and QFIIs … in order to guarantee the smooth launch of index futures,” the newspaper quoted Shang [...]
China will encourage securities and futures companies to go abroad when the risks are controllable, the top securities regulator said Tuesday.
The move would involve companies in international competition through which they would gain managerial experience and international influence, said Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC) at a forum on development and [...]
China’s securities regulator encourages more energy-saving companies to launch initial public offerings on the domestic Nasdaq-style board.
The China Securities Regulatory Commission should give its full weight to adjusting the economic structure and speed up development of low carbon, green economy, environment protection, biomedical and new energy companies, its Chairman Shang Fulin said at a forum [...]
