Citadel Securities, led by CEO Peng Zhao, has submitted an application to the China Securities Regulatory Commission to establish a brokerage in mainland China. The move comes as many Wall Street firms find it challenging to navigate the country's markets.
By the end of last year, 866 qualified foreign institutional investors (QFII) obtained investment qualification in the A-share market. Foreign investors held about 3 trillion yuan ($410 billion) of A shares via QFII and stock connect programs, serving as an important source of capital inflow into the Chinese stock market, Wu said.
China announced plans on Thursday to channel hundreds of billions of yuan of investment from state-owned insurers into shares as part of the government's latest efforts to support a struggling stock market.
The US firm’s request was received by the China Securities Regulatory Commission on Friday, according to a filing posted on the regulator’s website.
A view of the headquarters of China Securities Regulatory Commission in Beijing. [CHINA DAILY] BEIJING -- The China Securities Regulatory Commission (CSRC) on Sunday released an action plan to ...
Chinese financial regulators on Thursday further elaborated on an implementation plan issued a day earlier aimed at boosting the inflow of long-term funds into the stock market, saying that they will guide major state-owned insurers to increase both the scale and proportion of their investments in A-shares.
“This means that at least several hundred billion yuan of long-term funds will be added to A-shares every year,” said Wu Qing, chairman of the China Securities Regulatory Commission. The ...
Gold hovered near record highs in Asian trade as the dollar weakened on Trump's call for immediate interest rate cuts by the U.S. Federal Reserve.
SHANGHAI/HONG KONG -- The head of ... Wu Qing, chairman of the China Securities Regulatory Commission, told reporters. He said this should pump "hundreds of billions of yuan of new long-term ...
Citadel has been participating in China’s so-called A-share market from Hong Kong, where it trades cash equities, futures, options and exchange-traded funds. It has an office in Shanghai with a small team supporting the firm’s offshore China business.
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SHANGHAI: China announced plans on Thursday to channel hundreds of billions of yuan annually into shares from state-owned insurers, in the authorities' latest effort to support equity markets.