wu Qing

China’s anti-corruption unit detains provincial market regulator as stock gauge slumps

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China’s anti-corruption unit detains provincial market regulator as stock gauge slumps

The chief of a branch of China’s securities regulator, was detained by the Communist Party’s anti-graft body for alleged serious violations of discipline and laws, amid disgruntled equity investors’ uproar over a slumping market. Beijing-based financial media outlet Caixin said that Ling was apprehended on Monday morning and that his detention might be linked to … Read more

China’s stock market: Beijing issues unprecedented guidelines calling for transparency, risk-management

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China’s stock market: Beijing issues unprecedented guidelines calling for transparency, risk-management

The document released by the State Council after the markets closed on Friday evening sets out nine guidelines that formulate a framework to develop the market, demanding a better mechanism for protecting investors’ interests and an improvement in the quality of listed companies over the next five years. By 2035, the market should have achieved … Read more