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Search resuls for: "China's Securities Regulatory Commission"


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China has banned brokers from opening overseas trading accounts, the Financial Times reported. Chinese regulators ordered brokerages to shut down "new account opening channels for domestic investors." AdvertisementAdvertisementChinese regulators have banned brokerage firms from opening overseas trading accounts for local investors, according to a report from The Financial Times. The regulator asked brokers to stop offering services to local and overseas investors, and that "opening overseas fund accounts for domestic investors is prohibited." Overseas investors have sold Chinese equities at a record pace in 2023.
Persons: , Lehman, Nicholas Spiro Organizations: Financial Times, Service, China's Securities Regulatory Commission, Overseas, Lauressa Locations: China, Beijing
SYDNEY, Dec 16 (Reuters) - Asian equity capital markets activity, languishing at three-year lows now, is set to get a much needed boost in 2023 from China's expected re-opening to the rest of the world after a spate of COVID-19 lockdowns, dealmakers said. "As China's re-opening happens, market activity will come in stages," said Edward Byun, Goldman Sachs' co-head of equity capital markets in Asia ex-Japan, adding that secondary market trading and follow-on capital raisings would benefit first. IPOs in Asia Pacific, including Japan, fell by 43.3% this year in value terms, while total equity capital market deals plunged 52%, according to Refinitiv data. New share sales in Hong Kong plunged 74% to $7.4 billion this year from $28.17 billion in 2021, Refinitiv data showed. In India, IPOs were down nearly 60% to $7.13 billion from $17.05 billion, the Refinitiv data showed.
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