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China's graft watchdog uncovers irregularities at securities regulator

BY Reuters |

China's graft watchdog unearthed a raft of problems at the country's securities regulator in recent years, including illegal share trading by officials' family members, prompting the head of the regulator to vow to eradicate corruption.
China 'draws up restructuring plans' for Bohai Steel

BY Reuters |

Financial authorities in the city of Tianjin plan to convert a portion of debt-stricken Bohai Steel Group's liabilities into bonds, according to rescue plans drawn up recently, the online financial magazine Caixin reported on Monday.
Hong Kong extends listing rules consultation amid opposition

BY Reuters, Michelle Price |

Hong Kong's securities regulator and stock exchange on Friday extended the deadline by two months for responses to a consultation on reforming the city's listing regulation, sparking fears the proposal may be in jeopardy.
Spain's NH Hotels faces lawsuit from Chinese shareholder HNA

BY Reuters |

Spain's NH Hotels said on Thursday it had received a lawsuit from its largest shareholder, China's HNA Group, against a motion approved by other shareholders in June to oust HNA-appointed board members.
AstraZeneca to pay $5.52 million to resolve SEC foreign bribery case

BY Reuters |

U.S. regulators said on Tuesday that AstraZeneca will pay $5.52 million to resolve a foreign bribery probe into improper payments by its sales and marketing staff to state-employed healthcare officials in China and Russia.
Chinese banks' shadow loans grow despite regulatory glower

BY Reuters |

Shadow lending by listed Chinese banks surged in the first half, underlining the challenges faced by the country's banking regulator as it tries to rein in the use of opaque lending structures that are seen as a threat to financial stability.
Chinese private investment funds to conduct 'self-inspection'

BY Reuters |

Chinese private investment funds will conduct a "self-inspection" of their business practices in compliance with a directive from the State Council, China's cabinet, according to a notice posted on the website of the Asset Management Association of China.
China approves Shenzhen-Hong Kong stock link, scraps limits

BY Reuters |

In the biggest capital market reforms since last year's stock market crash, China approved the launch of a long-awaited scheme to allow stock trading between Hong Kong and Shenzhen, the world's second-busiest, and tech-heavy, exchange.
Government on hook for China banks' shrinking capital

BY Reuters |

Hit by bad loans, Chinese banks are expected to show a weakening in their capital strength in first-half earnings, raising the prospect that government might have to inject more than $100 billion to shore them up, according to some analysts.
Simpson Thacher helps ChemChina obtain CFIUS clearance for $43 bln Syngenta buy

BY Shangjing Li, Reuters, Ashima Ohri |

Simpson Thacher & Bartlett has helped ChemChina in obtaining clearance from the Committee on Foreign Investment in the United States (CFIUS) on its $43 billion acquisition of Swiss agrochemical firm Syngenta.