ZED-Alert

Shanghai Rural Commercial Bank Plans for IPO
December 24, 2011 Banks, SRCB, IPO, Capital Markets
Shanghai Rural Commercial Bank plans to go public in 2013. The bank recorded RMB289bn in total assets, a capital adequacy ratio of 15.76, and outperformed most municipal banks in terms of...
CSRC to Establish Bond Office
December 24, 2011 CSRC, Fixed Income, Regulatory, FMCs
According to local media sources, CSRC has officially issued a notice expressing its intent to establish an internal bond office, which could potentially unite and develop China’s bond markets. Huo...
RQFII has 19 Players
December 24, 2011 RMB Internationalization, RQFII, Brokerages, FMCs
According to local media sources, in addition to the nine FMCs that received approval for an RQFII license, ten securities firms have also received approval. The approved firms are: CICC, CITIC, SYWG...
BoC and BoComm Approved to Establish Taipei Branches
December 24, 2011 FSC, BOC, BoComm, Cross-Straits Financial
On December 22nd, Taiwan FSC authorized both BoC and BoComm to upgrade their Taipei rep offices (approved in September 2011) to branches, making them the first two Mainland banks to open official...
Golden Eagle Approved to Kick Off SA
December 24, 2011 Segregated Accounts, Golden Eagle, CSRC, FMCs
Golden Eagle FMC (a JV between BEA Union Investment and Guangzhou Securities) is approved to start its segregated account (SA) business. After the relaxation of SA regulations that allow FMCs to...
MS Huaxin Involved in A Trading Scandal
December 24, 2011 FMCs, MS Huaxin, HR, Insider Trading
According to local media reports, Morgan Stanley Huaxin FMC, a Morgan Stanley JV with China Fortune Securities, is believed to have engaged in inside trading of shares of the Huamao Group. According...
CIC Invests in South African Mines
December 24, 2011 SWFs, CIC, PE/VC, Capital Markets
On December 22nd, China Investment Corporation (CIC) acquired 25% of Shanduka Group’s shares for a price of SAR2bn (approximately USD240m). Shanduka Group, established in 2001, is a South African...
First Batch of RQFII Licenses Granted
December 23, 2011 RQFII, FMCs, E-Fund, Bosera
According to local media, CSRC approved the first batch of RQFII licenses on December 21st. The nine license holders are E-Fund, Bosera, Southern, China AMC, Hua’an, Dacheng, China Universal, HFT,...