Podcasts about china securities regulatory commission

China will implement a batch of policies, including those addressing financing and credit, to support small and micro-sized enterprises, platform firms and unicorns, so as to help them expand business and unleash vitality, it was announced on Monday at a conference by the State Council, the nation's Cabinet.10月14日，国新办举行新闻发布会，宣布中国将实施一系列融资信贷等政策，支持小微企业、平台企业和独角兽企业发展，帮助它们拓展市场、释放活力。Buoyed by such signals of support for the private sector, share prices rose in China on Monday. The CSI 300, an index of large companies traded in Shanghai and Shenzhen, closed 1.9 percent higher. The ChiNext Index, which tracks China's Nasdaq-style board of growing and emerging enterprises, gained 2.6 percent.受这些支持民营经济信号的提振，14日，中国股市上涨。沪深300指数收盘涨1.9%，追踪中国版纳斯达克成长型和新兴企业的创业板指涨2.6%。Luo Wen, head of the State Administration for Market Regulation, the country's top market regulator, said that the country will work to introduce innovative quality financing and credit enhancement policies to ease financing challenges for SMSEs.国家最高市场监管部门——国家市场监督管理总局局长罗文表示，中国将创新实施质量融资增信政策，帮助缓解小微企业融资困难问题。Under such policies, financial institutions will factor in a company's quality management and brand reputation when issuing loans. Together with equity, funds and bond-based financing tools, the country aims to generate a credit enhancement and financing quota of 300 billion yuan ($42 billion) each year, Luo said.罗文介绍，根据这些政策，金融机构在发放贷款时将考虑企业的质量管理和品牌信誉。股权、基金、债券等融资工具组合发力，国家每年可以实现质量融资增信授信额度3000亿元。Luo emphasized that the SAMR will roll out a guideline to guide platform operators to help merchants on the platform enhance brand awareness, increase market transactions and harness traffic.罗文强调，市场监管总局将出台指导意见，引导平台企业帮助其平台上的商户提升品牌知名度、增加市场交易量和利用流量。It will help businesses, especially new entrants, agricultural firms and some unique companies on the platform, to enhance their ability to utilize online traffic more efficiently and tap into larger audiences, he added.罗文补充，这将帮助企业商户提高流量利用效率、挖掘更多受众，尤其是对新入驻经营主体、农产品经营主体和特色经营主体。Beyond SMSE support, Wang Jiangping, vice-minister of the Ministry of Industry and Information Technology, said the ministry will collaborate with the China Securities Regulatory Commission to launch the third batch of specialized boards for "little giant" companies in regional equity markets.工业和信息化部副部长王江平表示，除了扶持小微企业，工信部将联合证监会推出第三批区域性股权市场“专精特新”专板以支持“小巨人”企业。Little giant companies refer to small and medium-sized enterprises that typically specialize in niche sectors, command high market shares and boast strong innovative capacity. By the end of June this year, China had cultivated 12,000 such enterprises. 所谓“小巨人”企业，是指专注于细分领域、市场占有率高、创新能力强的中小型企业。截至今年6月底，中国已培育了1.2万家这样的企业。The ministry also plans to sign a strategic cooperation agreement with the Beijing Stock Exchange to further streamline financing channels for these firms, Wang said.王江平补充，工信部还计划与北交所签订战略合作协议，进一步畅通专精特新中小企业资本市场融资渠道。At the conference on Monday, Wang said that China is also placing a greater emphasis on developing unicorn companies — startups valued at over $1 billion — in emerging high-tech fields such as 6G and brain-computer interfaces.在14日的新闻发布会上，王江平表示，中国也将更加重视独角兽企业（即估值超过10亿美元的初创企业）在6G、脑机接口等新兴高科技领域的发展。He said a nationwide unified system will be established to coordinate the development of unicorn companies between the central government and provincial government levels.王江平补充，为推动支持我国独角兽企业发展，将建立全国统一、部省联动的独角兽企业培育体系。Unicorn companies will be supported in technological innovation, and will be encouraged and guided to address national strategic needs and master unique, proprietary technologies, Wang said, adding that more efforts will be made to increase financial backing for these unicorns, including support for public listings, mergers and acquisitions, to accelerate their growth.支持独角兽企业技术创新，鼓励和引导独角兽企业围绕国家战略需求开展技术攻关，掌握更多的“独门绝技”。加大对独角兽企业的金融支持，包括支持独角兽企业上市、并购、重组等。Despite China's growing unicorns, the country still lags behind the United States in terms of the overall number, according to the Hurun Research Institute. Last year, China had 340 unicorns while the US had 700.胡润研究院称，尽管中国的独角兽企业不断增加，但就总体数量而言，中国仍落后于美国。去年，中国有340家独角兽企业，而美国有700家。Wang Peng, a senior researcher at the Beijing Academy of Social Sciences, said that encouraging SMSEs, platform firms and unicorn companies are part of broader efforts to spur the private sector, which is of great significance to counter the current global economic slowdown. 北京市社会科学院高级研究员王鹏表示，鼓励支持小微企业、平台企业和独角兽企业是刺激民营经济发展的进一步努力，这对于应对当前全球经济下行具有重要意义。A report on private sector development by the State Council showed that private companies accounted for 92.3 percent of the country's total number of business entities in 2023, a significant increase from 79.4 percent in 2012.国务院关于民营经济发展情况的报告显示，2023年，民营企业占全国企业总数的92.3%，较2012年的79.4%有大幅提高。"The Chinese economy will continue gathering momentum if the private sector, including smaller businesses, remains sound. More importantly, private enterprises stood undoubtedly at the forefront of technological innovations and the digital economy in recent years, especially in fields like new energy, information, communication, biopharmaceuticals and AI," the senior researcher said.“如果包括小型企业在内的民营经济发展稳健，中国经济将继续保持良好发展势头。更重要的是，近年来，民营企业无疑站在了技术创新和数字经济的前沿，尤其是在新能源、信息、通信、生物制药和人工智能等领域。”资深研究员王鹏说。harnessv. 利用proprietaryadj. 独有的；专利的mergern. (企业)合并；并购acquisitionn. 收购

Analysts say decisive policy stance bodes well for investment inflow分析人士称，果断的政策立场是投资流入的好兆头The renminbi rallied to its strongest level in more than a year and Chinese equities continued their rebound on Wednesday, after a potent policy package lifted investors' confidence in the Chinese economy, which is expected to sail through headwinds.25日，人民币汇率升至一年多来的最高水平，中国股市继续反弹。此前，强有力的一揽子政策提振了投资者对中国经济的信心，预计中国经济将逆风前行。Economists, investment banks and asset managers said that policymakers' more decisive stance to shore up the economy, a global interest rate cut cycle, and low asset valuations have combined to make it a potentially good time to invest in Chinese financial assets, which are expected to attract more foreign inflow in the months ahead.经济学者、投资银行和资产管理公司表示，决策者在支撑经济方面采取的更为果断的立场、全球降息周期以及低资产估值等因素结合在一起，使得现在可能成为投资中国金融资产的好时机，预计未来几个月中国金融资产将吸引更多外资流入。However, they cautioned that the forecast may be contingent upon the implementation of further policy support to address economic challenges, with the most urgent priorities being additional fiscal spending to bolster domestic demand and direct funding to alleviate property sector woes.然而，他们提醒，这一预测可能取决于为应对经济挑战而实施的进一步政策支持，目前最紧迫的是增加财政支出以促进国内需求，并提供直接资金以缓解房地产行业的困境。On Wednesday, the renminbi, or Chinese yuan, rose to 6.9951 against the US dollar in the offshore market, up 158 basis points from the previous close and past the 7-per-dollar milestone for the first time in 16 months.25日，离岸人民币对美元汇率升至 6.9951，较前一交易日收盘价涨158个基点，16 个月来首次升破7.0元关口。Guan Tao, global chief economist at BOCI China, said that the renminbi's rally is attributable to both Tuesday's policy release, which strengthened investors' confidence in China's economy, and the US Federal Reserve's interest rate cut last week, which narrowed the yield spreads between US and Chinese bonds.中银证券全球首席经济学家管涛表示，人民币汇率上涨的原因在于24日发布的政策提振了投资者对中国经济的信心，以及美联储上周降息缩小了中美两国国债收益率利差。Looking ahead, Guan said the renminbi is likely to register two-way fluctuations against the dollar, with limited possibility of one-sided, drastic appreciation because uncertainties remain surrounding the Fed's pace of rate cuts, including that the Fed might even reconsider rate hikes if the US economy turns out to be overheated.展望未来，管涛认为，人民币对美元汇率可能会出现双向波动，单边大幅升值的可能性有限，因为美联储的降息步伐仍存在不确定性，如果美国经济过热，美联储甚至可能重新考虑加息。Moreover, the People's Bank of China, the country's central bank, is expected to take measures to prevent any renminbi exchange rate overshooting if needed, and has accumulated rich experience in this regard, said Guan, who had served as head of the Balance of Payments Department at the State Administration of Foreign Exchange.此外，曾任国家外汇管理局国际收支司司长的管涛表示，中国人民银行作为中国的中央银行，在这方面积累了丰富的经验，预计会在必要时采取措施防止人民币汇率超调。Guan added that in the base case scenario, in which the United States achieves a soft landing while the Fed continues rate cuts, foreign institutions may continue to boost holdings in renminbi-denominated bonds, especially treasury bonds.管涛补充，在美国实现软着陆而美联储继续降息的基本情况下，境外机构可能会继续增持人民币债券，尤其是国债。As of August, overseas institutions' holdings in China's interbank bond market had risen for 12 consecutive months, an increase in foreign holdings of as much as 1.34 trillion yuan ($190.7 billion), according to the PBOC's Shanghai head office.中国人民银行上海总部的数据显示，截至8月份，境外机构已连续12个月增持境内银行间市场债券，累计增持规模高达1.34万亿元人民币（1907亿美元）。Upbeat sentiment乐观的情绪The upbeat sentiment was seen in the A-share market as well. The Shanghai Composite Index went up 1.16 percent to Wednesday's close of 2,896.31 points, extending a jump of 4.15 percent on Tuesday, the biggest rise in about four years.A股市场也出现乐观情绪。上证综指25日收盘涨1.16%，报2896.31点，延续了24日4.15%的涨幅，创下约四年来的最大涨幅。"I believe that this may be a good time to revisit Chinese stocks," said David Chao, global market strategist for the Asia-Pacific region (excluding Japan) at Invesco, a global investment management company.景顺亚太区（日本除外）全球市场策略师赵耀庭表示：“我认为现在可能是重新审视中国股票的好时机。”Chao said China has fired off a meaningful monetary stimulus salvo, which may potentially usher trillions of renminbi in liquidity if fully implemented, sending a strong signal that the government is responding to economic headwinds.赵耀庭认为，中国已经打响了有意义的货币刺激战，如果政策全面实施，可能会释放万亿元流动性，表明政府正在应对经济逆风的强烈信号。Major package一揽子政策On Tuesday, China's top financial regulators unveiled a set of measures that some analysts said might be the country's biggest monetary stimulus package following the pandemic.24日，中国最高金融监管机构公布了一系列措施，一些分析人士认为，这可能是疫情之后中国最大的货币刺激计划。This includes a 20 basis point reduction in the seven-day reverse repo rate, a key policy benchmark of interest rates, as well as a 50 basis point cut to rates on existing mortgages and another 50 basis point cut to the reserve requirement ratio, apart from other steps supportive of the property and stock markets.除了其他支持房地产和股票市场的措施外，该计划还包括将作为主要政策利率的7天期逆回购操作利率下调20个基点，将存量房贷利率下调50个基点，将存款准备金率再下调50个基点。The PBOC started to put the package into action by lowering the one-year medium-term lending facility rate, a policy rate, by 30 basis points to 2 percent on Wednesday.25日，中国人民银行将中期借贷便利利率下调30个基点至2%，开始推动一揽子政策落地实施。A Goldman Sachs report said on Wednesday that the latest stimulus package would be strong enough to catalyze a policy-induced rally in shares listed in Hong Kong and on the Chinese mainland, though it would be unlikely to "turn things around fundamentally".高盛25日的一份报告表示，最新的经济刺激计划足以催化中国香港和中国大陆上市股票的政策性反弹，但不太可能“从根本上扭转局面”。The report said a relending program unveiled on Tuesday will allow listed companies to borrow inexpensive money to shore up stock prices and boost investor sentiment, while the stock stabilization fund that is under policy study, if launched, might help fend off systemic risks in the stock market, as indicated by experiences in other markets.报告称，24日公布的再贷款政策将允许上市公司借入低成本资金，以支撑股价和提振投资者情绪，而正在进行政策研究的股票平准基金如果启动，将有助于抵御股市的系统性风险，其他市场的经验也表明了这一点。While the PBOC introduced two new policy tools aimed at boosting stock market liquidity, the China Securities Regulatory Commission released a guideline on Tuesday to encourage mergers and acquisitions and a draft rule to strengthen listed companies' market capitalization management.在央行推出两项旨在提高股市流动性的新政策工具的同时，中国证监会24日发布了鼓励并购的指导意见和加强上市公司市值管理的规定草案。Yet more could be done, with Goldman Sachs saying that "we would turn more aggressive on A shares when signs of property market stabilization emerge or policy momentum further strengthens".然而，还有更多事情可以做，高盛表示：“当房地产市场出现稳定迹象或政策势头进一步加强时，我们将对A股采取更积极的态度。”Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered Bank, underlined the importance of beefing up fiscal support, as "monetary easing would be less effective without proactive fiscal policy".渣打银行大中华及北亚区首席经济师丁爽强调了加强财政支持的重要性，因为“如果没有积极的财政政策，宽松货币政策的效果将大打折扣”。It is likely that the government will increase bond issuance to accelerate government spending, Ding said, adding that investor sentiment could improve if policymakers decide to broaden the use of bond proceeds, especially to reduce home inventory.丁爽认为，政府很可能会增加债券发行以加速政府支出。如果决策者决定扩大债券收益的用途，特别是用于房地产去库存，那么投资者的情绪将会有所改善。Ding said that Standard Chartered Bank analysts retain the base case forecast that the renminbi will stay within the range of between 7 and 7.1 against the dollar by the end of the year.丁爽表示，渣打银行分析师维持基本预测，即人民币对美元汇率到今年年底将保持在7至7.1的区间内。bodev．预示；预言rallyv. 反弹，振作；重整；团结fluctuationn. 波动，涨落soft landing软着陆fiscal policy财政政策

Chinese authorities have slapped 441 million yuan ($62.1 million) in penalties and imposed a six-month business suspension on PwC's auditing unit in the country, after the entity was found to have "covered up and even condoned" fraud at Evergrande Real Estate Group.中国证监会、财政部就普华永道中国审计部门“掩盖甚至纵容”恒大地产财务造假的违法行为，处以罚款4.41亿元人民币（合6,210万美元），并暂停经营业务6个月。The China Securities Regulatory Commission said on Friday that PwC Zhong Tian LLP had failed to exercise due diligence in its audit of Evergrande Real Estate Group, the flagship subsidiary of Evergrande Group.13日，中国证监会表示，普华永道中天会计师事务所在对中国恒大集团旗舰子公司恒大地产集团有限公司进行审计时未勤勉尽责。In May, the CSRC had fined the troubled real estate developer some 4.18 billion yuan for fraudulent bond issuances and false statements.今年5月，中国证监会因其欺诈发行公司债券和虚假记载行为，对陷入困境的恒大地产处以约41.8亿元的罚款。Based on China's Securities Law, the commission confiscated the auditing unit's revenue involved in the Evergrande case of 27.74 million yuan and fined it 297 million yuan — totaling about 325 million yuan, which, according to the commission, was a "record-breaking" punishment against auditing firms.依据《中华人民共和国证券法》，中国证监会没收普华永道涉恒大地产案收入2774万元，罚款2.97亿元，总计约3.25亿元。中国证监会称，这是针对审计公司的“创纪录”处罚。The Ministry of Finance also said on Friday that, in accordance with the law of certified accountants, it had decided to impose a six-month business suspension on PwC Zhong Tian and fined it 116 million yuan, while closing down its Guangzhou office.13日，财政部也表示，依据《中华人民共和国注册会计师法》，决定对普华永道中天处以1.16亿元罚款，暂停经营业务6个月，同时撤销普华永道广州分所。CSRC and the Finance Ministry have examined PwC's role in the Evergrande fraud, in which the developer was found to have engaged in five fraudulent bond issuances based on false statements in the annual reports of 2019 and 2020.中国证监会和财政部已对普华永道在恒大地产欺诈案中扮演的角色进行了审查，发现恒大地产2019年、2020年的年报存在虚假记载，相关5次公司债券发行构成欺诈发行。CSRC said PwC Zhong Tian had violated multiple audit standards with inaccurate working papers and ineffective on-site inspections, failed to detect Evergrande's fraud and issued unqualified audit reports.中国证监会称，普华永道中天违反多项审计准则，审计工作底稿失真，现场走访程序失效，未能发现恒大地产的欺诈行为，并出具了标准无保留意见审计报告。"PwC's actions were not merely simple audit negligence or failure. To some extent, it covered up and even condoned Evergrande Real Estate's financial fraud and fraudulent bond issuances.“普华永道上述行为，不只是简单的审计失职、失效行为，它在一定程度上掩盖甚至纵容了恒大地产财务造假和欺诈发行公司债券。”"The actions severely eroded the foundation of law and integrity, significantly harmed the legitimate rights and interests of investors, seriously undermined market confidence and should be severely punished according to the law," said CSRC.对此，中国证监会表示：“这些行为严重侵蚀法律和诚信基础，严重损害投资者合法权益，严重破坏市场信心，依法应予严惩。”Citing the case, the Finance Ministry said it will continue to enhance supervision and inspection.财政部援引该案例表示，将继续加强监督和检查。"For any discovered cases of accounting and auditing fraud, we will investigate and punish them severely to ensure that regulation has 'teeth and thorns'."“对于发现的任何会计审计造假案件，我们都将严厉查处，确保监管‘长牙带刺'”。PwC issued a statement on its global website to say that PwC Zhong Tian's work in Evergrande's case fell unacceptably below expected standards. It said it respects the regulators' decisions and that it would fully comply with the administrative penalties.普华永道在其全球网站上发表声明称，普华永道中天对恒大地产的审计工作严重低于预期标准，令人无法接受。普华永道尊重监管机构的决定，并将全力遵守行政处罚。Dai Guanchun, a senior capital markets lawyer, said the punishments indicate that Chinese regulators are intensifying their crackdown on violations by capital market intermediary institutions according to law.资本市场资深律师戴冠春表示，这些处罚表明中国监管机构正在依法加强对资本市场中介机构违法违规行为的打击力度。The case could help deter other institutions from misbehavior as it would result in not only financial losses but reputational damage to PwC's China business, Dai added.戴冠春补充道，此案有助于遏制其他机构的不当行为，因为这不仅会给普华永道的中国业务带来经济损失，还会造成声誉受损。

Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news markets are awaiting signals from the minutes of the late January Fed meeting.In the US, mortgage applications fell rather sharply last week, down more than -10% from the prior week to be -13% lower than a year ago. A key reason for the sharpish pullback was an unexpected surge in mortgage interest rates which jumped +19 bps to 7.06% (plus points) for the benchmark 30 year fixed loan. That is their highest of 2024. These higher rates reflect the shift in market pricing as the chances of near-term Fed rate cuts recede.Another assessment of Fed rate trajectories will come this morning (8am NZT) when they release the minutes of the FOMC's January meeting. The next Fed meeting isn't until this time next month. (But there is an RBNZ one this time next week.)American retail sales rose +3.0% last week from a year ago at bricks & mortar stores in the Redbook survey. This is barely enough to keep up with inflation, a second straight week like this after nine weeks of significant volume growth. A hesitation was always on the cards.Sharply lower oil prices, and exports at a 14 month high have combined to deliver Japan a sharply lower January trade deficit. Those exports were on the basis of good demand from both the US and China.European consumer sentiment improved marginally in February even if it still remains quite negative - just less negative.In Indonesia, their central bank kept its policy rate unchanged at 6%.In Australia, wages rose +0.9% in the December quarter, and +4.2% for the full year, (marginally more than the CPI rise of +4.1%). That's its highest growth since 2008.The UST 10yr yield starts today at 4.32% and up +6 bps from this time yesterday. Wall Street in its Wednesday trade is down -0.4% on the S&P500. Overnight European markets were very mixed again with Frankfurt up +0.3% and London down -0.7%. Yesterday Tokyo ended its Wednesday session down -0.3%. But Hong Kong rose +1.6% in their Wednesday trade while Shanghai rose +1.0%. The China Securities Regulatory Commission has imposed a restriction that prevents sales in the first and last 30 minutes of trading for prices that are lower, part of increasingly drastic measures to prevent the Chinese stock-market slump from extending into a fourth year. The price of gold will start today down -US$3/oz from yesterday at US$2027/oz.Oil prices are +US$1/bbl firmer at just under US$78/bbl in the US while the international Brent price is up to US$82.50/bbl.The Kiwi dollar starts today at just on 61.7 USc and unchanged from yesterday. Against the Aussie we are marginally firmer at 94.3 AUc. Against the euro we are still at 57.1 euro cents. That all means our TWI-5 starts today at just under 71.2 and little-changed.The bitcoin price starts today at US$51,382 and down another minor -0.4% from this time yesterday. Volatility over the past 24 hours has again been modest at +/- 1.8%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

The Wall Street Journal wrote that “Wall Street's best-known bear is going into hibernation" after the legendary short seller Jim Chanos announced he would close his main hedge funds late last year, in part due to diminishing interest in stock picking. Short selling, which bets on drops in asset prices, wins when companies and governments fail and has gained a predatory reputation over the years. Just last week, the China Securities Regulatory Commission vowed "zero tolerance" against what they called "malicious short sellers," according to Reuters.One of our listeners wrote to Bethany with this question: “What does it say about capitalism if Jim Chanos can't find enough investors willing to profit from its frauds, fads, and failures, not to mention the competitive forces that are necessary for a functioning market? Is short selling dead?” To discuss this, Luigi and Bethany sat down with Chanos himself, who has been cast as the “Darth Vader of Wall Street,” the “Catastrophe Capitalist,” and the “LeBron James of short selling.” Together, they discuss the relationship between short sellers and our information environment, the fallout from the "meme stock" craze, the effects of the Federal Reserve's interest rate policies, and how short selling can contribute to market efficiency and resilience. Do short sellers play a positive role by uncovering corporate fraud, mismanagement, and systemic risks? What safeguards are necessary to prevent short-selling abuse and ensure fair and transparent markets?

Two weeks after five Chinese state-owned companies announced to voluntarily delist from the U.S. market, China and the U.S. signed an audit oversight cooperation agreement on August 26th. The China Securities Regulatory Commission said "it is an important step forward" by regulators of both sides and that "keeping Chinese companies listed on the U.S. markets is an all-win arrangement." What's the significance of this agreement for both sides? How difficult was the negotiation process? Amid tense bilateral relations, are we witnessing a partial thaw in relations?

On April 2, for the first time in 13 years, the China Securities Regulatory Commission revised the confidentiality clauses related to the listing of Chinese enterprises abroad, a rare concession by the Chinese Communist Party. 

NIO Stock Breaking News regarding potential delisting.

China Perspective Ep 23: How Chinese authorities can help Evergrande clear billions in debt 7:06 mins Synopsis: The Straits Times analyses the latest developments in China in this weekly podcast. The Straits Times' China bureau chief Tan Dawn Wei chats with Money FM 89.3's Elliot Danker and Bharati Jagdish. Highlights of conversation (click/tap above): 00:55 Can authorities help with China Evergrande Group's inability to meet repayments for US$300 billion debt? 02:53 China Securities Regulatory Commission says it respects companies' choices on where to list their stock while again denying reports of a possible ban on one method of overseas stock listings 04:33 Taiwan's Minister for Foreign Affairs Joseph Wu warns of emerging military crisis with China Produced by: Tan Dawn Wei (dawntan@sph.com.sg), The Breakfast Huddle, Money FM 89.3 & Fa'izah Sani Edited by: Dan Koh Subscribe to our Asian Insider Podcast channel to follow our various shows each week and rate us on your favourite audio apps: Channel: https://str.sg/JWa7 Apple Podcasts: https://str.sg/JWa8 Google Podcasts: https://str.sg/wQsB  Spotify: https://str.sg/JWaX SPH Awedio app: https://www.awedio.sg/ Website: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg Read Tan Dawn Wei's stories: https://str.sg/3xR7 Register for Asian Insider newsletter: https://str.sg/stnewsletters --- Discover more ST podcast series: Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: https://bt.sg/pcPL Follow our shows then, if you like short, practical podcasts! See omnystudio.com/listener for privacy information.

China Perspective Ep 23: How Chinese authorities can help Evergrande clear billions in debt 7:06 mins Synopsis: The Straits Times analyses the latest developments in China in this weekly podcast. The Straits Times' China bureau chief Tan Dawn Wei chats with Money FM 89.3's Elliot Danker and Bharati Jagdish. Highlights of conversation (click/tap above): 00:55 Can authorities help with China Evergrande Group's inability to meet repayments for US$300 billion debt? 02:53 China Securities Regulatory Commission says it respects companies' choices on where to list their stock while again denying reports of a possible ban on one method of overseas stock listings 04:33 Taiwan's Minister for Foreign Affairs Joseph Wu warns of emerging military crisis with China Produced by: Tan Dawn Wei (dawntan@sph.com.sg), The Breakfast Huddle, Money FM 89.3 & Fa'izah Sani Edited by: Dan Koh Subscribe to our Asian Insider Podcast channel to follow our various shows each week and rate us on your favourite audio apps: Channel: https://str.sg/JWa7 Apple Podcasts: https://str.sg/JWa8 Google Podcasts: https://str.sg/wQsB  Spotify: https://str.sg/JWaX SPH Awedio app: https://www.awedio.sg/ Website: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg Read Tan Dawn Wei's stories: https://str.sg/3xR7 Register for Asian Insider newsletter: https://str.sg/stnewsletters --- Discover more ST podcast series: Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: https://bt.sg/pcPL Follow our shows then, if you like short, practical podcasts! See omnystudio.com/listener for privacy information.

China Perspective Ep 23: How Chinese authorities can help Evergrande clear billions in debt 7:06 mins Synopsis: The Straits Times analyses the latest developments in China in this weekly podcast. The Straits Times' China bureau chief Tan Dawn Wei chats with Money FM 89.3's Elliot Danker and Bharati Jagdish. Highlights of conversation (click/tap above): 00:55 Can authorities help with China Evergrande Group's inability to meet repayments for US$300 billion debt? 02:53 China Securities Regulatory Commission says it respects companies' choices on where to list their stock while again denying reports of a possible ban on one method of overseas stock listings 04:33 Taiwan’s Minister for Foreign Affairs Joseph Wu warns of emerging military crisis with China Produced by: Tan Dawn Wei (dawntan@sph.com.sg), The Breakfast Huddle, Money FM 89.3 & Fa'izah Sani Edited by: Dan Koh Subscribe to our Asian Insider Podcast channel to follow our various shows each week and rate us on your favourite audio apps: Channel: https://str.sg/JWa7 Apple Podcasts: https://str.sg/JWa8 Google Podcasts: https://str.sg/wQsB Spotify: https://str.sg/JWaX SPH Awedio app: https://www.awedio.sg/ Website: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg Read Tan Dawn Wei's stories: https://str.sg/3xR7 Register for Asian Insider newsletter: https://str.sg/stnewsletters --- Discover more ST podcast series: Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: https://bt.sg/pcPL Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.

Tan Dawn Wei, China Bureau Chief, The Straits Times gives an analysis of China Evergrande Group's inability to meet debt repayments, China Securities Regulatory Commission downplaying overseas delisting fear, and Taiwan's emerging military crisis with China. Follow The Straits Times' Asian Insider Podcast channel - co-produced with Money FM 89.3 - like us and rate us: Channel: https://str.sg/JWa7 Apple Podcasts: https://str.sg/JWa8 Google Podcasts: https://str.sg/Ju4h Spotify: https://str.sg/JWaX Website: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg Asian Insider newsletter. Asian Insider videos: https://str.sg/JoVbSPH Awedio app: https://www.awedio.sg/See omnystudio.com/listener for privacy information.

The China Securities Regulatory Commission says the country will roll out a raft of policy measures to further open-up its capital market, while coordinating development and security.

Forty-two percent of all China Companies listed on the NY Stock Exchange, NASDAQ and OTC markets are Variable Interest Entity's (VIE) in violation of China Securities Regulatory Commission's Rule.  What is a Wholly Foreign-Owned Enterprise?https://www.theguardian.com/business/...Welcome back, tribe members! Today I'm discussing "Why Sell China VIE Stocks - Your Stocks Not Recognized by China Securities Regulatory Commission ". If you enjoy this video feel free to SUBSCRIBE! Make sure to follow me on social media for even more coverage of the stock market.The Power of a Tribe: https://www.amazon.com/dp/B096TWBDM3/...Get Surfshark VPN at  https://surfshark.deals/INVESTORS and enter promo code INVESTORS for 83% off and 3 extra months for free!  Follow Me: Instagram: https://www.instagram.com/bestofusinv...Twitter: https://twitter.com/BestOfUsInvestHelp Kerry and Nita win the race against Childhood Cancer and keep their daughter Shay's memory alive. Your support makes a direct impact in the fight against Pediatric Cancer at Children's of Alabama by helping advance research in finding a cure for cancer. http://give.childrensal.org/bestofusWe have Up-Graded Our Discord: Kerry's Portfolio, Trades and InsightsThis is the new link: https://discord.io/bestofus. It is now organized by topics and will be easier to navigate.

Chinese fintech giant Ant Group has cleared the final regulatory hurdle for its IPO after the China Securities Regulatory Commission gave it the all-clear to list simultaneously in Hong Kong and Shanghai. The Group is planning to raise $35 billion dollars in the dual listing and will split its stock issuance equally across Shanghai and Hong Kong, issuing 1.67 billion shares in each location. This could be the world’s largest IPO, surpassing the record set by Saudi Aramco's $29.4 billion float last December. Ant Group has also released some updated financial figures for the first nine months of 2020. According to an A-share prospectus posted on the Shanghai exchange, there was a 74% jump in gross profit to $10.4 billion from January to September and revenue was $17.73 billion, a more than 42% year-on-year rise. The Group’s next move is to hold a roadshow to market the IPO to investors and will likely price the shares next week on 27th October. Image Credit: Shutterstock.com

India's equity markets may react to the fine-print of the Union Budget 2020 after Saturday's immediate reaction, but the focus will largely shift to quarterly earnings and rapidly spreading coronavirus. Participants will also keenly watch other developments like RBI policy and the release of key macro data. On the corporate earnings front, Bharti Airtel, Lupin, Sun Pharma, and Mahindra & Mahindra are among the major companies scheduled to declare their October-December results this week. The Reserve Bank will announce its first bi-monthly monetary policy post-Budget on Thursday. While experts aren't pinning any hope on the rate cut front this time, largely due to high inflation, the RBI's commentary on inflation and growth forecast would still be keenly watched. On the macro data front, Markit Manufacturing PMI data for January will be released today and Services PMI numbers on Wednesday. Besides, foreign fund flow, the Rupee's trajectory and oil price movement will also impact sentiments. On the global front, concerns related to coronavirus will dictate sentiments. A total of 350 people have died in China from the new virus with the first death out of the mainland reported on Sunday in the Philippines. Trading resumed in China following the Lunar New Year break. In order to minimise any panic, China’s central bank plans to inject 1.2 trillion yuan of liquidity into the markets via reverse repo operations today. Moreover, a Reuters report said that China Securities Regulatory Commission has issued a verbal directive to brokerages to bar their clients from selling borrowed stocks today. Despite these measures, stocks in Shanghai fell up to 8.7 per cent at the opening. Australia’s benchmark index opened in the red to be down 0.7 per cent while New Zealand shares faltered 1.8 per cent.The SGX Nifty was trading around Nifty's Saturday closing level. In commodities, oil futures were down on worries about a slowdown in demand with Brent crude sliding 39 cents to $56.24 a barrel, the lowest since January 2019. Giving a thumbs down to the Budget, the market benchmark Sensex logged its biggest single-day plunge in nearly five years on Saturday. Investors were disappointed as the Budget failed to live up to market expectations of growth-boosting measures. According to analysts, the Nifty is witnessing strong resistance in the sub-11,800 zones. They say that the Nifty should hold 11,650, otherwise, it can see level of 11,500 in this week. Traders should try to book profits at higher levels keeping close eye on 11,800. However, if Nifty trades below 11,600, then we can see downside movement to 11,500.

US equity markets posted strong gains amid a broad-based rally following the announcement of a partial trade deal between the US and China albeit the benchmark indices closed off their session highs - Dow up +320-points or +1.21%, paring an earlier ++517-point/+2% gain. The broader S&P500 gained +1.09% after trading as much as +1.9% earlier in the session. NASDAQ +1.34%, off an intra-session high that saw the technology-centric index up as much as +2.1%. Apple Inc rose +2.66% to a fresh record closing high of US$236.21 per share. Wendy's Co rose +3.95% after the fast-food retailer announced third-quarter same-store sales that exceeded expectations and raised its dividend. President Trump told reporters at the Oval Office that phase one of the trade deal will be written over the next three weeks. As part of this phase, China will purchase between US$40B and US$50B in US agricultural products. President Trump also said the deal includes agreements on foreign-exchange issues with China and will take three to five weeks to finalise. In exchange, the US agreed to hold off on tariff hikes that were set to take effect Tuesday (15 October). Phase two of the deal will “start almost immediately” after the first one is signed, President Trump said. Separately, Treasury Secretary Steven Mnuchin said both sides struck an “almost complete agreement” on currency and financial services issues. However, equity markets lost some steam shortly before the close after US Trade Representative Robert Lighthizer said a decision had not been made over additional US tariffs of 15% scheduled for 15 December on ~US$160B in annual Chinese imports. Elsewhere, the China Securities Regulatory Commission said on Friday (11 October) that overseas financial service companies in futures, securities and mutual funds will be able to apply for total control of onshore ventures starting in 2020. The move came as the country speeds up its financial markets opening. Both the Dow and S&P500 snapped a three-week losing streak, gaining +0.91% and +0.62% for the week respectively. The Nasdaq rose +0.93% for the week.

US equity markets posted strong gains amid a broad-based rally following the announcement of a partial trade deal between the US and China albeit the benchmark indices closed off their session highs - Dow up +320-points or +1.21%, paring an earlier ++517-point/+2% gain. The broader S&P500 gained +1.09% after trading as much as +1.9% earlier in the session. NASDAQ +1.34%, off an intra-session high that saw the technology-centric index up as much as +2.1%. Apple Inc rose +2.66% to a fresh record closing high of US$236.21 per share. Wendy’s Co rose +3.95% after the fast-food retailer announced third-quarter same-store sales that exceeded expectations and raised its dividend. President Trump told reporters at the Oval Office that phase one of the trade deal will be written over the next three weeks. As part of this phase, China will purchase between US$40B and US$50B in US agricultural products. President Trump also said the deal includes agreements on foreign-exchange issues with China and will take three to five weeks to finalise. In exchange, the US agreed to hold off on tariff hikes that were set to take effect Tuesday (15 October). Phase two of the deal will “start almost immediately” after the first one is signed, President Trump said. Separately, Treasury Secretary Steven Mnuchin said both sides struck an “almost complete agreement” on currency and financial services issues. However, equity markets lost some steam shortly before the close after US Trade Representative Robert Lighthizer said a decision had not been made over additional US tariffs of 15% scheduled for 15 December on ~US$160B in annual Chinese imports. Elsewhere, the China Securities Regulatory Commission said on Friday (11 October) that overseas financial service companies in futures, securities and mutual funds will be able to apply for total control of onshore ventures starting in 2020. The move came as the country speeds up its financial markets opening. Both the Dow and S&P500 snapped a three-week losing streak, gaining +0.91% and +0.62% for the week respectively. The Nasdaq rose +0.93% for the week.

In Episode 40 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about the new “Technology Innovation Board” on the Shanghai Stock Exchange, which formally announced its first set of rules last week. Rui and Ying-Ying explain that given its recent trajectory, this registration-based NASDAQ-style board could be launched in a few months, if not weeks — much more quickly than skeptics have assumed. With this news as the backdrop, this week's episode serves as a quick primer into the differences between China and the U.S.'s capital markets, as well as how these contrasts may explain some of the differences in Chinese tech entrepreneurship and capital versus those in the U.S.Rui and Ying-Ying begin by walking through a brief history of Chinese domestic capital markets, which had a total market cap of $6 billion late last year and are still really young compared with those in the U.S.; in fact, both the Shenzhen Stock Exchange and the larger Shanghai Stock Exchange were founded in 1990. Notably, prior to last fall, foreigners were unable to invest in A-shares on either exchange. Even after loosening controls earlier this year and doubling the amount foreign investors can invest, China still enforces a total quota of $300 billion, shared globally.Our co-hosts cover a range of core questions in this episode. Listen to find out: How does the fact that the Chinese exchanges are approval-based, and not registration-based, affect listings? What role does the China Securities Regulatory Commission, or CSRC, play? Why are there only 3,500 publicly listed companies in China? Why did the Shenzhen Stock Exchange create two additional avenues for listing, in the form of the SME Board and ChiNext? How does the National Equities Exchange and Quotations (NEEQ), or New Third Board, fit into all of this? Why is it that most of China's best internet companies are listed abroad, and how does that fact play into the new Technology Innovation Board's intentions and potential for impact? From the perspective of a company preparing to list, what are the pros and cons of listing in mainland China versus abroad?As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Thanks also to our listeners over at our partner, dealstreetasia.com.Special thanks to our awesome producers, Shaw Wan and Kaiser Kuo. Our intern is Wang Menglu.Our sponsor this week is the University of San Francisco. USF's Masters in Applied Economics combines economics training with the practical skills in data analytics that you really need to understand today's new digital economy. To learn more, listeners can visit usfca.edu/techbuzz.

In Episode 40 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about the new “Technology Innovation Board” on the Shanghai Stock Exchange, which formally announced its first set of rules last week. Rui and Ying-Ying explain that given its recent trajectory, this registration-based NASDAQ-style board could be launched in a few months, if not weeks — much more quickly than skeptics have assumed. With this news as the backdrop, this week’s episode serves as a quick primer into the differences between China and the U.S.’s capital markets, as well as how these contrasts may explain some of the differences in Chinese tech entrepreneurship and capital versus those in the U.S. Rui and Ying-Ying begin by walking through a brief history of Chinese domestic capital markets, which had a total market cap of $6 billion late last year and are still really young compared with those in the U.S.; in fact, both the Shenzhen Stock Exchange and the larger Shanghai Stock Exchange were founded in 1990. Notably, prior to last fall, foreigners were unable to invest in A-shares on either exchange. Even after loosening controls earlier this year and doubling the amount foreign investors can invest, China still enforces a total quota of $300 billion, shared globally. Our co-hosts cover a range of core questions in this episode. Listen to find out: How does the fact that the Chinese exchanges are approval-based, and not registration-based, affect listings? What role does the China Securities Regulatory Commission, or CSRC, play? Why are there only 3,500 publicly listed companies in China? Why did the Shenzhen Stock Exchange create two additional avenues for listing, in the form of the SME Board and ChiNext? How does the National Equities Exchange and Quotations (NEEQ), or New Third Board, fit into all of this? Why is it that most of China’s best internet companies are listed abroad, and how does that fact play into the new Technology Innovation Board’s intentions and potential for impact? From the perspective of a company preparing to list, what are the pros and cons of listing in mainland China versus abroad? As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Thanks also to our listeners over at our partner, dealstreetasia.com. Special thanks to our awesome producers, Shaw Wan and Kaiser Kuo. Our intern is Wang Menglu. Our sponsor this week is the University of San Francisco. USF’s Masters in Applied Economics combines economics training with the practical skills in data analytics that you really need to understand today’s new digital economy. To learn more, listeners can visit usfca.edu/techbuzz.

Welcome to the 65th installment of the Caixin-Sinica Business Brief, a weekly podcast that brings you the most important business stories of the week from China's top source for business and financial news. Produced by Kaiser Kuo of our Sinica Podcast, it features a business news roundup, plus conversations with Caixin reporters and editors. This week: We find out that Chinese stocks fell to four-year lows last week, following a sharp decline in the U.S. We hear that two years after becoming one of the world's 10 most valuable public companies, social networking giant Tencent has passed a less flattering milestone by crashing out of the same elite club. We learn that Alibaba founder Jack Ma 马云, who plans to become a teacher after retiring next year, has reclaimed the title of richest man in China, with a fortune of $39 billion, according to the latest Hurun Rich List. We discuss a new report that finds out that the value of Chinese outbound mergers and acquisitions slumped in the first half of the year, as countries that included the U.S., Germany, and Australia imposed restrictions on deals, and China tightened controls on overseas spending. We note that the U.S. Treasury Department has found that China isn't manipulating the yuan, as the Trump administration prepares to issue a closely watched report on foreign currencies, sources told Bloomberg. We dive into an outlook report published by the OECD and the UN, which predicts that China's dinner tables will be getting meatier over the next decade, which will have a significant impact on the international agriculture trade. We report that Hong Kong is planning a total ban on electronic cigarettes. If passed, the ban would place the city alongside over a dozen countries that have outlawed e-cigarettes, which typically allow users to inhale nicotine and flavorings heated by battery-powered elements without the burning that traditional cigarettes require. We analyze the news that veteran regulator Yao Gang 姚刚, a former vice chairman of the China Securities Regulatory Commission, has been sentenced to 18 years in prison for taking bribes and insider trading. In addition, we talk with Fran Wang, economics reporter for Caixin Global, about an interview with Yi Gang 易纲, the head of People's Bank of China, China's central bank. We also chat with Doug Young, managing editor at Caixin Global, about a company called Brilliance Auto and its partnership with BMW. We'd love to hear your feedback on this product. Please send any comments and suggestions to sinica@supchina.com.

In episode #220, Anthony Neoh, SC, former chief advisor to the China Securities Regulatory Commission and ex-chairman of the Hong Kong Securities and Futures Commission, discusses the progress of financial sector reforms and capital market liberalizations in China.

This is a guest lecture by Laura Cha, former vice chair of the China Securities Regulatory Commission and a member of the Executive Council of Hong Kong. In her introductory remarks, Ms. Cha emphasizes career opportunities in the private as well as the public sector of financial markets, and elaborates on her own career as a regulator in the Chinese market. In an ensuing discussion with Professor Shiller, she discusses motivations to work in the public sector, emphasizing the marketability of public sector skills in the private sector, but also a sense of mission to influence the creation and proper functioning of markets. Subsequently, in a conversation with the students of the class, she addresses the application and enforcement of regulation in China. Moreover, she outlines channels through which the Chinese government supports start-up companies, and addresses the recent mergers of various financial exchanges all over the world. Further topics of the conversation include the registration of Chinese companies on overseas exchanges, the plans for an international board at the Shanghai Stock Exchange, and a personal account of her studies at law school. Ms. Cha concludes her guest lecture by sharing her views about the Basel III rules. Complete course materials are available at the Open Yale Courses website: http://oyc.yale.edu This course was recorded in Spring 2011.

Professor Shiller provides a description of the course, including its general theme, the relevant textbooks, as well as the interplay of his course with Professor Geanakoplos’s course “Economics 251–Financial Theory.” Finance, in his view, is a pillar of civilized society, dealing with the allocation of resources through space and time in order to manage big and important risks. After talking about finance as an occupation, he emphasizes the moral imperative to use wealth for the purposes of philanthropy, in the spirit of Andrew Carnegie, but also of Bill Gates and Warren Buffett. Subsequently, he introduces the guest speakers David Swensen, Yale University’s chief investment officer, Maurice “Hank” Greenberg, former Chief Executive Officer (CEO) at American International Group (AIG) and current CEO of C.V. Starr & Co. and of Starr International, and Laura Cha, former vice chair of the China Securities Regulatory Commission, member of the Executive Council of Hong Kong and of the government of the People’s Republic of China, and director of the Hong Kong Shanghai Banking Corporation (HSBC). Finally, he concludes with a description of the topics to be discussed in each lecture. Complete course materials are available at the Open Yale Courses website: http://oyc.yale.edu This course was recorded in Spring 2011.