China Specialist Correspondent
Benjamin's Feed
Aug 10, 2015

Exclusive: China considers replacing head of markets regulator – sources

BEIJING/SHANGHAI (Reuters) – China’s ruling Communist Party has begun looking for an eventual replacement for the top securities regulator, who faces internal criticism over his handling of this year’s boom and bust in Chinese stock prices, sources with ties to the leadership said.

The party has in recent weeks sounded out potential candidates to succeed Xiao Gang as chairman of the China Securities Regulatory Commission (CSRC), and party elders will discuss the matter at meetings this summer, two sources said.

Aug 10, 2015

China considers replacing head of markets regulator – sources

BEIJING/SHANGHAI, Aug 10 (Reuters) – China’s ruling
Communist Party has begun looking for an eventual replacement
for the top securities regulator, who faces internal criticism
over his handling of this year’s boom and bust in Chinese stock
prices, sources with ties to the leadership said.

The party has in recent weeks sounded out potential
candidates to succeed Xiao Gang as chairman of the China
Securities Regulatory Commission (CSRC), and party elders will
discuss the matter at meetings this summer, two sources said.

Aug 7, 2015

China’s Anbang Insurance to make over $1 billion bid for Japan’s Simplex – sources

TOKYO/BEIJING (Reuters) – China’s Anbang Insurance Group Co is bidding to buy Japanese property asset manager Simplex Investment Advisors, four people with knowledge of the bid said, in a deal that could top $1 billion.

If successful, Simplex would be Anbang’s first real estate foray into Japan where the market has been booming on the back of the economic stimulus policies of Prime Minister Shinzo Abe.

Aug 7, 2015

China’s Anbang Insurance to make over $1 bln bid for Japan’s Simplex-sources

TOKYO/BEIJING, Aug 7 (Reuters) – China’s Anbang Insurance
Group Co is bidding to buy Japanese property asset manager
Simplex Investment Advisors, four people with knowledge of the
bid said, in a deal that could top $1 billion.

If successful, Simplex would be Anbang’s first real estate
foray into Japan where the market has been booming on the back
of the economic stimulus policies of Prime Minister Shinzo Abe.

Jul 29, 2015

Uncertain times fuel occult beliefs in China’s Party hierarchy

BEIJING (Reuters) – Sometime in the last year, a group of mid-ranked government officials gathered for a dinner in a private room in a Beijing restaurant, all slightly nervous, but keen with anticipation.

The guest of honor – a Buddhist master who would predict their fortunes.

The master looked around the room and into the eyes of each of the dozen or so attendees, according to one of those present, who spoke on condition of anonymity as officials and Communist Party members are not supposed to believe in “superstition”.

Jul 8, 2015

Investors grumble as China leaders stay mum on stocks rout

BEIJING, July 8 (Reuters) – China’s wild stock market rout
is a challenge not a crisis, say people close to
the country’s leadership.

But at the sharp end, among the millions of often retired,
small retail investors who account for around 85 percent of
market trading, the mood is less sanguine.

Jun 12, 2015

Exclusive: Two top China graft suspects sick, may not be tried – sources

BEIJING (Reuters) – Two former senior Chinese officials subject to graft probes are sick and may not be able to stand trial, sources with ties to the leadership said, possibly sparing the Communist Party the embarrassment of having more of its secrets exposed in public.

Since assuming power in late 2012, President Xi Jinping, who doubles as party and military chief, has pursued a relentless campaign against deep-rooted corruption, vowing to go after powerful “tigers” as well as lowly “flies”.

Jun 11, 2015

China jails former security chief for life after secret trial

BEIJING (Reuters) – China sentenced its powerful former domestic security chief Zhou Yongkang to life in jail on Thursday, after he was found guilty at a secret trial of bribery, leaking state secrets and abuse of power, in China’s most sensational graft scandal in 70 years.

Zhou, who was formally charged in April, was tried in the northern city of Tianjin on May 22, admitted his guilt and decided not to appeal against the verdict, state media said.

Apr 29, 2015

China trainmakers seek control of Bombardier’s rail unit: sources

By Benjamin Kang Lim and Matthew Miller

BEIJING(Reuters) – China’s top two trainmakers have been in discussions with Bombardier Inc (BBDb.TO: Quote, Profile, Research, Stock Buzz) about possibly buying a controlling stake in the Canadian company’s railway unit, two sources with direct knowledge of the matter said.

China CNR Corp Ltd (601299.SS: Quote, Profile, Research, Stock Buzz) and state-owned CSR Corp Ltd (601766.SS: Quote, Profile, Research, Stock Buzz), now in the process of merging to create the world’s biggest railway company, are exploring a stake purchase of the Bombardier unit, complementing China’s plan to sell its high-speed rail technology abroad, the sources said.

Apr 29, 2015

China trainmakers seek controlling stake in Bombardier-sources

* CNR, CSR have been in contact with Bombardier – sources

* China seeking foreign access for its high-speed
trains-sources

* Bid may face political opposition in Canada as elections
near

By Benjamin Kang Lim and Matthew Miller

BEIJING, April 29(Reuters) – China’s top two trainmakers
have been in discussions with Bombardier Inc about
possibly buying a controlling stake in the Canadian company’s
railway unit, two sources with direct knowledge of the matter
said.

China CNR Corp Ltd and state-owned CSR Corp Ltd
, now in the process of merging to create the world’s
biggest railway company, are exploring a stake purchase of the
Bombardier unit, complementing China’s plan to sell its
high-speed rail technology abroad, the sources said.

    • About Benjamin

      "Ben is based in Beijing and covers China regulatory news. He is an ethnic Chinese born and raised in the Philippines, and spent 13 years in Beijing and 15 years in Taipei. He joined Reuters in 1991, serving as Beijing bureau chief from August 2008 to August 2010 and Taipei bureau chief from February 2000 to December 2002."
    • Follow Benjamin