2026-11-05
On November 5, Pan Gongsheng, Governor of the People's Bank of China, reported on financial work to the Standing Committee of the National People's Congress: As of the end of September this year, the number of remaining local government financing vehicles nationwide has decreased by 92% compared to the end of March 2023; as of the end of June, the stock of operational financial debt has decreased by 79%. The report also disclosed that the cumulative approval for real estate 'white list' loans has exceeded 8.4 trillion yuan, and that officials have established a liquidity support tool for clearing arrears and held talks with leading enterprises that have defaulted on payments.
2026-11-03
According to a Financial Times report on November 3, citing three people familiar with the matter, the China Securities Regulatory Commission (CSRC) held meetings with investment banks over the past few days, issuing informal window guidance to suspend corporate IPOs and halt large-scale share sales by existing shareholders until the market recovers.
2026-11-02
On November 2, the Chinese central bank announced that it will launch the Securities, Funds and Insurance companies Swap Facility (SFISF) operation on November 3, with a one-year term that can be extended as appropriate. 31 securities and fund companies have already reported their demand, with application quotas exceeding 100 billion RMB. This marks the third operation following those in October 2024 and January 2025.
2026-10-30
On October 30, the Hong Kong branch of China Merchants Bank issued a notice stating that, effective from 4:00 PM on November 30, it will suspend bank-securities transfer services with Soochow Securities International and China Merchants Securities International until further notice, without providing reasons or a resumption date.
2026-10-26
From October 26, the Shanghai Composite Index and others will adopt new compilation rules: the weight of a single stock is capped at 15%, and the removal of risk-warning stocks will be calculated based on the announcement date rather than the implementation date. Stocks whose announcement and implementation fall in different months may exit the index earlier. The market has recently been in a downtrend.
2026-10-21
On October 21, the People's Bank of China announced an upgrade to the digital yuan infrastructure, launching a new system and intelligent integration service framework that supports preset consumption conditions and time limits.
2026-10-14
According to Radio France Internationale (RFI), the Hong Kong Securities and Futures Commission took enforcement action over suspicions that two Chinese-funded companies engaged in market manipulation during their initial public offerings (IPOs), freezing more than HK$4.6 billion in assets, a record high freeze amount in the history of the Hong Kong securities regulator.
2026-10-13
On October 13, 2026, according to social media reports, Chinese regulatory authorities have officially approved the U.S. financial giant Visa to establish a locally registered bank card clearing institution within China. This marks a new milestone in the expansion of overseas card organizations' RMB clearing businesses in China and further promotes the opening up of China's financial payment and clearing market.
2026-10-12
The Chinese Communist Party's People's Bank of China issued the document "Policy Stance on the RMB Exchange Rate," reiterating that China has neither the need nor the intention to gain a trade advantage through exchange rate depreciation, and will never engage in competitive devaluation.
2026-10-09
On October 9, Xiangyuan Culture and Tourism announced that its actual controller, Yu Faxiang, had received a Case Filing Notice from the China Securities Regulatory Commission (CSRC) over suspected violations of information disclosure laws and regulations. The company said its production and operations were normal and unaffected.
2026-10-09
On October 9, Jiaojian Shares announced that its actual controller Yu Faxiang has been placed under investigation by the CSRC for suspected violations of information disclosure laws and regulations, and that its daily production and operations are normal.
2026-10-08
The Ministry of Finance auctioned five-year special treasury bonds for capital injection, with a coupon rate of only 1.37 percent.
2026-10-06
The State Council of the CCP held an executive meeting, requiring the improvement of robust mechanisms for the capital market and the enhancement of intrinsic stock market stability. The swap facility tool has also been transformed from a temporary measure into a long-term institutional arrangement.
2026-10-03
On October 3, China's Ministry of Commerce announced the launch of an anti-dumping investigation into p-nitrotoluene imported from the European Union, with the investigation period running until October 2027 and extendable by six months. The ministry said prices of the relevant EU products fell by nearly 60% cumulatively from 2022 to 2025, and noted that the EU has launched 28 trade remedy investigations against China since 2025.
2026-10
At the Financial Street Forum, Pan Gongsheng announced the adjustment of the policy rate tenor, the establishment of liquidity support tools for non-bank institutions, the push to link large corporations' loans to the overnight repo rate, and the exit from the deposit and lending benchmark rates, turning intraday firefighting facilities from temporary tools into standing tools.
2026-10
CSRC Chairman Wu Qing announced that the registration of the first batch of 18 active ETFs has been approved. Officials describe them as a tool for bringing in incremental capital, but in reality they mainly serve to convert off-exchange redemptions into on-exchange turnover and pad trading volume.
2026-10
Some universities in Jiangsu have announced that they will start paying salaries to staff through digital yuan wallets starting next month, a move seen as a significant step in promoting the digital yuan within the system.
2026-10
IELTS tests are being cancelled at short notice on a large scale in many parts of the country; some candidates are already on their way and have printed their admission tickets, and the reason remains unknown.
2026-09-29
On September 29, China's central bank cut the one-year pledged supplementary lending (PSL) rate by 25 basis points to 1.5%, expanded the scope of support to include telecommunications, logistics networks and other fields, and increased the quota for equipment renewal and technology re-lending by 200 billion yuan to 1.4 trillion yuan.
2026-09-28
China's Ministry of Commerce released a number of trade and economic implementation documents, including a tariff reduction list for the United States covering multiple agricultural products and high-end medical equipment, and extending the Kuala Lumpur tariff truce to January 2027.
2026-09-28
Concerned that debt collection practices could affect social stability, police authorities have recently stepped up scrutiny of collection companies and cracked down on violent debt collection. Some collection firms have laid off staff or ceased operations, and the pace of banks' non-performing loan recovery has slowed.
2026
The video cites data claiming that in 2026 the central government's direct financing was about 13.24 trillion yuan, higher than the full-year 11.86 trillion yuan in 2025; no public source can be found for this figure, while publicly visible data shows about 7.49 trillion yuan of treasury bond issuance in the first half of 2026, and 11.86 trillion yuan of new government debt in 2025.
2026-05
By the end of May 2026, China's foreign exchange reserves rose to $3.44 trillion, reaching a new high since October 2015, but analysts say it is mainly caused by capital controls rather than capital inflows.
2026-06-17
Federal Reserve Chair Kevin Warsh completed his debut on June 17, with the decision to hold rates steady meeting market expectations. Dovish language was removed from the statement, and half of the officials believe that a rate hike will still be needed in 2026.
2026-06-23
The NPC Standing Committee is conducting an urgent first review of three draft laws: the Financial Law, the Government Procurement Law, and the Bidding and Tendering Law, with the core promotion of retroactive checks on major capital flows and a lifelong accountability mechanism.
2026-09-23
China's central bank announced the issuance of 60 billion RMB in central bank bills in Hong Kong on September 23, aiming to drain offshore RMB liquidity to maintain the RMB exchange rate.
2026-09-23
The on-exchange prices of several ETFs tracking the Nasdaq 100 have traded more than 10% above their net asset value for five consecutive trading days, with some reaching as high as 15%.
2026-09-18
The China Securities Regulatory Commission (CSRC) announced on September 18 that it plans to reward tipsters in 17 cases, including the Huawei Microelectronics case. Applications must be registered by December 18, after which they will be treated as waived. The announcement did not disclose the names of the whistleblowers.
2026-09-14
China's central bank released August financial data. New renminbi loans nationwide totaled only 59.1 billion yuan, while household loans fell by a net 202.9 billion yuan.
2026-09-14
According to Reuters, the State Administration of Foreign Exchange (SAFE) has been intensively instructing banks to raise the foreign exchange hedging ratio for enterprises, lifting the national average to around 35.3 percent and coastal export-heavy provinces to above 40 percent.
2026-09-09
On September 9, according to The Information, after the China Securities Regulatory Commission (CSRC) raised the listing threshold for humanoid robot companies through non-public window guidance, related companies must prove they can form sustainable revenue, are narrowing losses, or possess genuine technological innovation to go public. This policy shift is related to the financing frenzy in the primary market and the drastic stock price fluctuations after the listing of Unitree Robotics.
2026-09-09
On September 9, the SSE issued a regulatory letter to Xingyu Shares and its actual controller, without disclosing specific details.
2026-09-07
Xinhua News Agency reported on September 7, 2026 that eight major state-owned financial institutions, including the Industrial and Commercial Bank of China and the Agricultural Bank of China, simultaneously issued capital increase announcements, planning to raise 360 billion yuan to replenish capital through the issuance of special treasury bonds and capital injections from the Ministry of Finance, among other means.
2026-09
Amid soaring bad loans and inadequate capital at major state-owned banks, China's Ministry of Finance issued 300 billion yuan in special treasury bonds in September 2026 to replenish the capital of major state-owned banks such as the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank.
2026-09
In 2026, the central bank has neither cut the reserve requirement ratio nor lowered interest rates. The 7-day reverse repo rate of 1.4% and the LPR (1-year at 3%, 5-year at 3.5%) have gone unadjusted for 16 consecutive months since May 2025.
2026-09
Through issuing special treasury bonds that were subscribed by banks and then converted into targeted share issuances, the Ministry of Finance injected 500 billion yuan in 2025 and 300 billion yuan in 2026, a total of 800 billion yuan, to replenish the core tier-1 capital of the big banks, making Central Huijin the largest shareholder of the four major banks.
2026-09
By the end of 2025, over 82% of financing platforms had exited, most of them by being renamed as operating financial debt; an estimated 5 to 7 trillion yuan remains. Policy requires platforms to completely sever government credit before June 30, 2027, with a measurable stock of 9.87 trillion yuan.
2026-09
From January to September 2026, the central bank net bought government bonds each month in the secondary market, totaling about 400 billion yuan, with June's 10 billion yuan being the lowest since bond buying resumed in October 2025; it has not sold any government bonds this year, and the last sale through securities lending was in July 2024.
2026-09
China's 10-year government bond yield peaked at 1.9% in January, fell to a low of 1.675% on August 14, and averaged around 1.7% in September. For the full year, it fluctuated by only about 25 basis points, holding in a sideways range under the central bank's guidance.
2026-09
A total of 6 trillion yuan in local government replacement bonds from 2024 to 2026; as of the end of August 2026, 5.84 trillion yuan had been issued, accounting for 97.3%. The year 2026 is the final year.
2026-08-30
According to the video, Guizhou is establishing the Guizhou Rural Commercial United Bank to accelerate the rollout of city-level unified legal entities; Guizhou's broad debt ratio exceeds 650%, its fiscal self-sufficiency rate is below 30%, and the rate of legal entity elimination among rural commercial banks exceeds 50%.
2026-08-30
According to the video, Henan abandoned the plan for city-level unified legal entities and instead directly set up a provincial unified legal entity, merging round after round and absorbing over a hundred institutions in one go, with the provincial rural commercial bank's registered capital piling up to nearly 100 billion yuan; Henan's debt ratio exceeds 420%, and its legal entity elimination rate exceeds 60%.
2026-08-30
According to the video, Liaoning's debt ratio exceeds 500%, the elimination rate of legal persons of rural commercial banks exceeds 70%, and dozens of county-level banks have been merged into the provincial rural commercial bank in one step.
2026-08-28
Those struggling with mortgage repayments can reportedly negotiate with banks to defer payments or set up a buffer period, but the outstanding debt still must be repaid.
2026-08-21
The Ministry of Finance said that more than 2 trillion yuan of bonds will continue to be issued in the second half of the year, a relatively large scale for the same period of previous years; the 2026 quota for new special bonds is 4.4 trillion yuan, and ultra-long-term special treasury bonds total 1.3 trillion yuan.
2026-08-21
On August 21, 2026, the National Development and Reform Commission solicited public comments on the revised Measures for the Administration of Outbound Investment, incorporating for the first time direct overseas investment and reinvestment by individual residents within China into the approval and filing regulatory framework.
2026-08-20
Without any advance notice, the U.S. Treasury suddenly announced that it would raise the liquidity buyback cap for long-end old bonds with maturities of 10 to 30 years from $2 billion per operation to $4 billion.
2026-08-12
The report on the implementation of monetary policy for the second quarter, released by the People's Bank of China on August 12, proposed downplaying attention to lending as a single financing channel and instead observing lending together with bond financing; the statement was criticized as glossing over the stagnation of private credit.
2026-08-10
On August 10, 2026, the Shaaanxi Bureau of the China Securities Regulatory Commission issued an announcement stating that, because Kaiyuan Securities had previously experienced a network communication failure that caused abnormal user logins and failed to report the incident promptly as required, regulatory measures including the issuance of a warning letter were taken against the brokerage.
2026-08-10
On August 10, 2026, the Zhejiang Securities Regulatory Bureau issued an announcement stating that, due to multiple compliance management issues in Caitong Securities' brokerage and proprietary trading businesses, regulatory measures were imposed against it in accordance with the law.
Location: Hangzhou, Zhejiang ·
Importance II ·
Verification: Official claim ·
View causal chain →
2026-08-03
Sichuan dissolved 10 county-level rural commercial banks within a single day and merged the related institutions into rural commercial banks in prefecture-level cities such as Meishan and Mianyang, involving the replacement of signs at 330 outlets.
2026-08
Chinese banking systems are tightening resident foreign exchange and overseas transfers, requiring in-person counter transactions, explanations of fund usage, and submission of relevant supporting documents; the amount of foreign exchange individuals can exchange and remit is subject to quota limits.
2026-08
China’s central bank and the financial regulator issued Document No. 171, allowing borrowers who cannot repay to defer payments, extend loan terms, or directly delay principal repayment, with extensions capped at half of the original loan term.
2026-07-23
On July 23, 2026, the EU adopted its 21st package of sanctions against Russia, adding Huobi (HTX), banning EU persons from trading with it from August 23, but without freezing its assets.
2026-07-14
On July 14, 2026, Reuters reported that China's financial regulatory authorities issued guidance to some banks, requiring that the interest rate for bill rediscounting business not fall below 0.5%, in order to curb an excessive decline in rates amid weak credit demand.
2026-07-10
On July 10, 2026, Bloomberg reported that China's local governments had completed about 94% of the issuance quota for special refinancing bonds used to swap hidden debt, but the overall debt pressure on localities remains severe.
2026-07-09
Bloomberg reported that regulatory authorities under the Chinese Communist Party (CCP) have asked some banks to reduce the underwriting of local government financing vehicle (LGFV) bonds with maturities of less than two years, in an attempt to restrict local financing vehicles from continuing to rely on rolling over old debt with new loans.
2026-07-04
The quarterly meeting of the Monetary Policy Committee of the People's Bank of China adjusted the economic tone from "steady progress" to "toward the new, toward the better," and listed structural optimization as one of the challenges facing the economy.
2026-07
The video cited relevant official statements saying that China's foreign exchange reserves exceed US$3 trillion, foreign exchange liabilities are about US$2.4 trillion, and 55% of the external debt is denominated in renminbi.
2026-07
DTCC has received regulatory clearance and plans to move U.S. stock and U.S. bond settlement on-chain in the second half of 2026, enabling the same security identifier to convert between traditional ledgers and on-chain form.
2026-06-29
China's Ministry of Commerce placed 20 Japanese entities on the dual-use export control list and added another 20 Japanese entities to a watchlist; the Japanese government lodged a stern protest and demanded the measures be withdrawn.
2026-06-29
The People's Bank of China injected 300 billion yuan in temporary overnight reverse repos, but did not disclose the interest rate for the operation.
2026-06-19
With fuel prices rising, Russia's central bank lowered its benchmark interest rate from 14.5% to 14.25% on June 19, 2026, marking its ninth consecutive rate cut since a previous historic high of 21%.
2026-06-17
At the Lujiazui Forum, Pan Gongsheng, governor of the central bank of the Chinese Communist Party, rolled out six new tools in one go, including narrowing the interest rate corridor, non-bank liquidity support, and overseas central bank repo facilities.
2026-06-17
At the Shanghai Lujiazui Forum, Fang Xinghai suggested that Hong Kong should attract mainland quantitative institutions to establish operations there.
2026-06-12
On June 12, 2026, the Shanghai Municipal Commission of Commerce and four other departments issued a document regulating the management of single-purpose prepaid cards (Hu Shang Gui [2026] No. 1), specifying that one-time or seasonal pickup vouchers are not subject to prepaid card management.
2026-06-09
Short video platform Douyin, cooperating with Chinese regulators' campaign against illegal cross-border stock trading, took down and dealt with more than 1,500 short videos involving guidance and tutorials on applying for Hong Kong bank cards, opening Hong Kong securities accounts, and other cross-border investment instruction.
2026-06-08
Statistics from the financial industry show that China's financial regulators issued 435 administrative penalty notices against the banking sector in the first 5 months, with cumulative penalties reaching 445 million yuan, up 15.3% year-on-year, of which rural commercial banks accounted for nearly half of the fines due to credit violations and other problems.
2026-06-05
The General Office of the State Council released new regulatory rules for private equity funds, known as State Council Document No. 54. Combined with the speech at the Asset Management Association conference and the new 'Nine Rules' policy system, this further tightens the space for institutional excess returns.
2026-06
An audit disclosure shows that financial institutions formed approximately 1.41 trillion yuan in inflated loan scales through methods such as idle fund circulation, false profit concessions, and relaxed risk controls.
2026-06
The State Council announced the issuance of 300 billion yuan in special treasury bonds to replenish the capital of the six major commercial banks, exposing the fact that bank capital has been severely depleted.
2026-06
Audits explicitly named ICBC, CCB, Bank of Communications, CITIC, and other banks for tech-finance that fails to live up to its name, stating that 126 provincial branches retroactively labeled 64.22 billion yuan in loans as tech loans after the fact.
2026-06
An audit report revealed that relevant financial institutions illegally covered up or disposed of 63.943 billion yuan in non-performing assets, and illegally conducted credit business totaling 67.6 billion yuan.
2026-06
An audit pointed out that the Agricultural Bank of China issued 11.066 billion RMB in loans to projects not belonging to high-standard farmland, and some funds were diverted to purchase wealth management products and bonds.
2026-06
In the first 5 months of 2026, 475 banks received a total of 2,744 fines, amounting to 870 million yuan, a year-on-year increase of 27%; among them, fines for data reporting and governance violations increased significantly.
2026-06
Shanghai has launched an offshore RMB trading ecosystem built on the free trade zone account system and the Foreign Exchange Trading Center, prompting outside scrutiny of its true degree of marketization and the nature of its controls.
2026-06
In June 2026, the CCP central bank began restricting banks from buying bonds.
2026-06
On July 9, 2026, the National Association of Financial Market Institutional Investors issued window guidance to some banks, requiring them to avoid underwriting local government financing vehicle bonds with maturities of less than two years, in order to restrict chengtu short-term debt from rolling over old debt with new borrowing.
2026-05-28
On May 28, 2026, Reuters reported, citing people familiar with the matter, that because lending fell in April and demand remained weak in May, the People's Bank of China has issued informal guidance to some large state-owned banks, asking them to increase credit provision.
2026-05-22
On May 22, 2026, the securities regulator and seven other departments issued a plan to crack down on illegal cross-border securities business, and plan to impose fines totaling more than 2.2 billion yuan on Futu and Tiger; both stocks fell 30 to 40 percent before the open.
2026-05-22
The Chinese Communist Party's securities regulator announced a crackdown on cross-border brokerages such as Futu and Tiger, accusing them of doing business with domestic residents without a license. The news sent the two companies' shares plunging 30% to 40% in pre-market trading in the US.
2026-05-22
On May 22, 2026, eight departments including the China Securities Regulatory Commission (CSRC) jointly issued a plan announcing a two-year campaign to completely ban illegal cross-border securities and futures activities. The plan specifically named Futu Securities, Tiger Brokers, and Longbridge Securities for illegal operations, proposing to confiscate illegal gains and impose fines.
2026-05-07
China's National Financial Regulatory Administration recently issued verbal guidance suggesting that several major domestic banks suspend issuing new RMB loans to five refineries sanctioned by the U.S. for involvement in Iranian oil transactions.
2026-04-24
On April 24, 2026, the Chongqing Financial Regulatory Bureau approved the dissolution of Tongnan Minsheng Village Bank, with all of its assets, liabilities, business and employees taken over by Minsheng Bank.
2026-04-21
License information from the National Financial Regulatory Administration shows that as of April 20, 2026, 72 village banks had completed exit and deregistration within the year, compared with 27 in the same period last year.
2026-02
According to global payment data measured by SWIFT standards, as of February 2026, the RMB's share of global payments has fallen to just 2.74%.
2026-01-06
The State Administration for Market Regulation summoned the photovoltaic industry association and six leading companies for talks over industry collusion to raise prices, ordering a halt to self-imposed production and price limits, which caused polysilicon futures to hit the limit down.
2026
In 2026, the posted one-year lump-sum deposit rate at large state-owned banks was 0.95% and the three-year rate was 1.25%; the video analyzed on this basis that the purchasing power of household savings is being eroded by inflation.
2026
China's central bank has issued a trillion-level buyout reverse repo for the third time this year to cope with the rapid spread of financial risks.
2026
Between 2023 and 2026, thousands of county-level rural commercial banks in China quietly disappeared, absorbed and merged by prefecture-level city rural commercial banks, masking trillions of yuan in hidden debt held by local governments.
2026-01-01
Starting in 2026, banks in China will need to verify the remitter's information for any one-time overseas remittance exceeding 5,000 RMB, further raising and encrypting the barriers against foreign currency purchase and capital outflow.
2026
The Hong Kong budget plans to issue 160 billion to 220 billion in bonds each year over the next five years, totalling 970 billion. Government debt as a share of GDP will rise from about 12% in early 2026 to 20%, and the debt-issuance ceiling will be raised for the third time to 900 billion.
2026
China has recently required stricter reviews of the overseas historical investment records of companies and residents, extending the look-back period from five years to 20 years.
2026
The Ministry of State Security issued a notice warning that the so-called anonymity of virtual currencies is only an illusion; because their flows are covert and difficult to regulate, they have become an important tool for criminals engaged in illegal and criminal activities, breeding security risks on multiple fronts.
2025-10
The People's Bank of China has officially unveiled its master console, centralizing eight major authorities—including currency issuance, wallet management, risk control, and smart contracts—under the central bank. It has also connected thirty commercial banks directly to the system, building a super-console capable of reaching into individual wallets.
2025-09
Facing weak genuine corporate borrowing demand and pressure from credit assessment targets, banks absorbed large volumes of bills by pushing down their internal bill-purchase costs, leading to a sharp increase in bill financing and corporate deposits across the market.
2025-04
The Shanghai, Shenzhen, and Beijing stock exchanges jointly released new regulations on quantitative trading, drawing a line for high-frequency trading at more than 300 orders per second or more than 20,000 orders per day, and implementing differential fees.
2025
The number of rural small and medium-sized banking institutions in China has seen a net decrease of 670 within one year through methods such as mergers and acquisitions, reflecting the significant risk pressure faced by small banks.
2025
Hubei Province and local banks have launched a product called Social Insurance Loan, officially promoted as a warm-hearted path of social security.
2025
In 2025 China's Ministry of Finance issued 520 billion yuan in special treasury bonds to replenish the capital of large state-owned banks; a year later the finance authorities issued bonds again to inject capital.
2024-07-11
The China Securities Regulatory Commission (CSRC) has approved the suspension of the securities lending business, a practice previously promoted by Fang Xinghai and widely regarded by retail investors as a tool for 'leek-cutting' (fleecing investors).
2024-06-24
Fang Xinghai attends the Summer Davos Forum to discuss potential changes in China's private equity and venture capital following U.S. restrictions on capital entering China.
2024-06-17
At the Lujiazui Forum, Fang Xinghai suggested that Hong Kong attract mainland quantitative investment firms, stating that their management capabilities and technical levels are on par with international peers.
2024-05-28
The settlement cycle for U.S. securities was changed from T+2 to T+1 on May 28, 2024. Related data indicate that total clearinghouse margin fell from $12.8 billion to $9.1 billion, and the failed-trade rate dropped from just over 2% per month to 1.9%.
2024-04
Regulators ordered major banks to stop manually topping up interest on corporate deposits, causing demand deposits at the four major state banks to plunge within a short period, while corporate structured deposits surged, bill rates fell to zero, and the interest margin was pushed back up.
2024
China has introduced the new "Nine Guidelines" and the "1+N" policy system to further advance tighter supervision and reform of the capital market.
2024
The interest rate on three-year bank fixed-term deposits fell to 1.25% in 2024, a decline of more than 60% compared with 2024.
2023-10-24
On October 24, 2023, the Standing Committee of the National People's Congress approved the issuance of 1 trillion yuan in additional government bonds for post-disaster reconstruction and disaster prevention and mitigation; a subsequent audit report said that less than 32% of the funds could actually be accounted for.
2023-10
Starting in October 2023, Guizhou concentrated on issuing special refinancing bonds, issuing 214.9 billion yuan in just over a month, the highest among all provinces, to repay existing debt; the video claims that newly added debt is mainly used to cover the “three guarantees” expenditures such as wages.
2022-07-07
SOHO China announced in a filing that Chief Financial Officer Ni Huiyang is under investigation for suspected insider trading in the company's shares, and assets have been forced to remain within China.
2021-09-10
Blackstone made an offer to acquire all of SOHO China's shares, but the deal lapsed that September after the State Administration for Market Regulation launched an antitrust investigation.
2020-11-03
As Ant Group was preparing for its IPO in Shanghai and Hong Kong, its complex multi-layered equity structure and the hidden shareholdings of red-aristocracy bloodlines, such as the families of Jiang Zemin and Jia Qinglin, were exposed, leading to the suspension of its listing plan.
2020-11-03
On November 3, 2020, following Jack Ma's Bund speech criticizing financial regulation, the Shanghai Stock Exchange announced the suspension of Ant Group's A-share listing just two days before it was scheduled to go public. The Hong Kong Stock Exchange followed suit immediately, halting the world's largest IPO.
2020-11-03
The Shanghai Stock Exchange suddenly announced the suspension of Ant Group's listing process on the STAR Market, even though the project had already entered its final stage.
2020-11-02
On November 2, 2020, Jack Ma and executives of Ant Group were jointly summoned by four regulatory authorities. The following day, the Shanghai Stock Exchange announced the suspension of Ant Group's listing.
2020-09-29
Between 2008 and 2016, 15 JPMorgan traders systematically spoofed the precious metals markets, resulting in $920 million in fines from U.S. regulators and criminal charges against three traders.
2020-05-18
On May 18, 2020, after Australia called for an independent investigation into the origin of the coronavirus, the Chinese Ministry of Commerce announced anti-dumping and countervailing duties totaling 80.5% on Australian barley, and subsequently restricted imports of Australian beef, wine, coal and other products.
2019-07
In July 2019, Caixin reported that the Office of the Leading Group for the Special Rectification of Internet Financial Risks recommended that the police open an investigation into Sun Yuchen over suspected illegal fundraising, money laundering, pornography- and gambling-related issues.
2018-04
The China Securities Regulatory Commission (CSRC) issued a warning to Zhao Wei and her husband, fined them 300,000 yuan each, and imposed a 5-year securities market ban.
2017-09-04
On September 4, 2017, the People's Bank of China and six other government departments jointly issued an announcement declaring initial coin offerings (ICOs) to be unapproved illegal public financing, suspected of crimes such as illegal fundraising, and demanding that they be stopped immediately and unwound.
2017-09-04
On September 4, 2017, the People's Bank of China and six other ministries and commissions jointly issued the "Announcement on Preventing the Risks of Token Offering Financing," halting ICOs, requiring completed offerings to be unwound, and domestic Bitcoin trading platforms subsequently ceased operations one after another.
2017-08-31
From August 31 to September 2, 2017, Justin Sun's TRON raised approximately $70 million through an initial coin offering (ICO). Days later, Chinese regulators halted ICOs, and TRON shifted its focus overseas.
2017-07
After Binance launched, China began to regulate the digital currency industry, and Changpeng Zhao led his team to shift the business overseas.
2017-02-01
Cai Huabo has been appointed as Executive Director and Chairman of the Board of the Hong Kong-listed company Taiho Holdings, controlling the company's shares through Taiho Financial Group.
2014-12
A video circulating online claims that the Guizhou provincial government has established a leading group for government debt management, with Chen Min'er as head and Chen Yiqin as executive deputy head, requiring control over the scale of debt and prevention of blind project launches. This claim originated from a video, and no public document can be found.
2014-09-18
The China Insurance Regulatory Commission announced the approval for the preparation of Shanghai Life Insurance, with Mi Chunlei's Landsea Holdings as the largest shareholder and Mi Chunlei as the proposed chairman.
2014-06
In June 2014, Fang Xinghai was promoted to Director of the Economic Department Four of the Central Financial and Economic Leadership Group Office.
2013-09
In September 2013, Fang Xinghai joined the Central Leading Group for Financial and Economic Affairs Office as a巡视员 (Inspector) of the Economic Group I.
2005
Fang Xinghai was appointed Deputy Director of the Shanghai Municipal Financial Services Office in 2005.
1998-08
The Ministry of Finance issued 270 billion yuan in special treasury bonds to replenish the capital of the Big Four banks, and set up four major asset management companies to strip off 1.4 trillion yuan in non-performing assets.
1997
During the 1997 Asian financial crisis, Wang Qishan was transferred to address issues related to the financial system, and thereafter served in the financial system.
1995
In 1995, the Law on the People's Bank of China and the Commercial Bank Law were passed, marking the initial establishment of China's modern financial framework.
1994-01-01
On January 1, 1994, the official and market exchange rates of the Renminbi were merged, forming a unified exchange rate.
1993-12
In late 1993, China determined the plan to unify the RMB exchange rate, merging the official and market rates. The relevant reforms were officially implemented the following year.