China fines trader $170m

Shanghai - Chinese regulators handed down penalties in the country’s first market manipulation case involving the stock exchange connect program between Shanghai and Hong Kong. Tang Hanbo was ordered to pay 250.7 million yuan ($36 million) for allegedly ... ( read original story ...)

CSRC approves IPO applications of 10 firms

has approved the IPO applications of 10 companies. The firms will be allowed to raise a maximum total of 4.9 billion yuan (709 million U.S. dollars), a statement said late Friday. Four of the firms will be listed on the Shanghai bourse, two on the Shenzhen ... ( read original story ...)

Shanghai FTZ to open financial sectors wider to foreign capital

Shanghai is likely to ease limits this year on foreign investment in the banking, securities brokerage, securities fund management, futures trading and insurance sectors, according to China (Shanghai) Pilot Free Trade Zone on Thursday. The move is in line ... ( read original story ...)