Financial Regulatory Forum

China tightens rules for futures trading

September 1, 2009

MARKETS-CHINA-STOCKS-CLOSE    SHANGHAI, Sept 1 (Reuters) – China will implement rules that require individuals starting futures trading accounts to provide their names and details, as it moves to regulate the country’s futures market.

Banks uneasy over report China state companies assert right to default on derivatives trades

August 31, 2009

By Eadie Chen and Chen Aizhu
BEIJING, Aug 31 (Reuters) – A report that Chinese state-owned companies will be allowed to walk away from loss-making commodity derivative trades provoked anger and dismay among investment bankers on Monday as they feared it may set a damaging precedent.

China to consider interest tax on traded govt bonds

August 28, 2009

china-finance-ministry    SHANGHAI, Aug 28 (Reuters) – The Chinese finance ministry will consider taxing interest income on traded government bonds, serveral sources close to the matter told Reuters.

China asks banks to curb month-end lending -bankers

August 28, 2009

china-regulator    SHANGHAI, Aug 28 (Reuters) – China’s banking regulator has given Chinese banks verbal instructions that they must not rush into end-of-the-month lending as the close of August draws near, bankers at several Chinese banks told Reuters on Friday.

China plans to let funds, brokers start REITs-sources

August 27, 2009

CHINA/   By Samuel Shen and Jacqueline Wong
   SHANGHAI, Aug 27 (Reuters) – China plans to allow fund houses and brokerages to launch real estate investment trusts, or REITs, that would be publicly traded on the Shanghai and Shenzhen stock exchanges, two people with direct knowledge of the proposal said.

China may tighten banks’ capital rules – sources

August 21, 2009

CHINA   SHANGHAI, Aug 3 (Reuters) – China’s banking regulator, concerned record lending could lead to a spike in bad loans, may tighten banks’ capital rules by excluding subordinated bonds they sell to other banks from their capital base, sources said Monday.

EXCLUSIVE: China fund plans $2 billion bet on U.S. “toxic” mortgages

August 17, 2009

cic By George Chen, Asia Private Equity Correspondent

HONG KONG, Aug 17 (Reuters) – China’s $200 billion sovereign wealth fund, which lost big on its ill-timed 2007 Morgan Stanley and Blackstone bets, plans to invest up to $2 billion in U.S. mortgages as it eyes a property market rebound, two people with direct knowledge of the matter said Monday. (more…)

ANALYSIS-Emerging currency revaluation back on global table

August 5, 2009

By Mike Dolan
LONDON, Aug 5 (Reuters) – Western governments seem set on preventing currency appreciation snuffing out nascent economic recoveries, helping reignite bets on a devaluation of major currencies against those of the emerging economic giants.

New Shanghai IPOs defy speculation restraints

July 30, 2009

By Lu Jianxin and Edmund Klamann
SHANGHAI, July 30 (Reuters) – Two eye-popping debuts on the Shanghai Stock Exchange this week, its first listings in nearly a year, defied recent reforms to curb speculation and suggest China could struggle to keep asset price bubbles under control.

In China, banks chafe at derivatives drive

July 28, 2009

By Eadie Chen and Jonathan Leff
BEIJING/SINGAPORE, July 27 (Reuters) – While Washington pursues a high-profile overhaul of its derivatives markets, a more modest but equally important crackdown is underway in China. (more…)