China Economic Review - Alpha http://www.chinaeconomicreview.com/rss/cer-alpha en copyright 2015 chinaeconomicreview.com Almost 200 punished for "spreading rumors" online http://www.chinaeconomicreview.com/almost-200-punished-spreading-rumors-online <p>China's Ministry of Public Security has punished 197 people in recent weeks for "spreading rumors" on the Internet, <a href="http://www.nytimes.com/2015/09/01/world/asia/china-punishes-nearly-200-over-rumors-about-stocks-blasts-and-parade.html?partner=rssnyt&amp;emc=rss" target="_blank"><em>The New York Times</em></a> reported, citing an announcement from the ministry. Thu, 01 Jan 1970 08:00:00 CST Brokerages told to contribute $15.7bn to rescue; four Citic execs said to confess http://www.chinaeconomicreview.com/brokerages-told-contribute-157bn-rescue-four-citic-execs-said-confess <p>State media announced the detainment and confession of four Citic Securities executive including managing directors Xu Gang and Liu Wei, all of which state media claimed had admitted to insider trading; meanwhile, the China Securities Regulatory Commission on Saturday ordered the securities industry to contribute another RMB100 billion (US$15.7 billion) to a stock market rescue fund at a Saturday meeting attended by the commission's chairman, Xiao Gang, <a href="http://www.bloomberg.com/news/articles/2015-08-31/china-brokers-tumble-as-citic-staff-detained-rescue-costs-grow" target="_blank"> Thu, 01 Jan 1970 08:00:00 CST Authorities' market probe spreads to Man Group, Caijing magazine http://www.chinaeconomicreview.com/authorities-market-probe-spreads-man-group-caijing-magazine <p>A probe into market volatility by regulators unhappy with falling prices has spread with the detainment of Li Yifei, the hedge fund manager of Man Group's China business; <em>Caijing</em> reporter Wang Xiaolu also read a confession on State television Monday, saying he had spread false information in his reporting of the stock market that had caused "panic and disorder"--though it was not possible to verify whether he had made the confession under coercion, <a href="http://www.reuters.com/article/2015/08/31/china-stocks-man-group-idUSL4N1163WV20150831" target="_blank">Reuters</a> reported.& Thu, 01 Jan 1970 08:00:00 CST Another chemical plant blast hits Shandong as flames reignite in Tianjin http://www.chinaeconomicreview.com/another-blast-hits-chinas-northeast-flames-reignite-tianjin <p>Another explosion hit China's coast at a chemical plant in Dongying, Shandong province Monday night, <a href="http://www.reuters.com/article/2015/08/31/us-china-blast-idUSKCN0R01X920150831" target="_blank">Reuters</a> reported, citing state media.&nbsp;A single "loud" blast occurred at the plant in Dongying shortly before midnight, state radio said on its official Weibo microblog, showing pictures of the explosion in what appeared to be a remote industrial area. Thu, 01 Jan 1970 08:00:00 CST Four regulators jointly announce measures to boost China's flagging stock market http://www.chinaeconomicreview.com/four-regulators-jointly-announce-measures-boost-chinas-flagging-stock-market <p class="p1">At 10pm on Monday the China Securities Regulatory Commission, Ministry of Finance, <span>China Banking Regulatory Commission and the&nbsp;</span>State-owned Assets Supervision and Administration Commission of the State Council jointly announced a raft of measures meant to give a shot in the arm to the mainland’s stock market after the benchmark Shanghai Composite Index ended the month of August down 12.49%, according to the state-run <a href="http://news.haiwainet.cn/n/2015/0831/c3541083-29119156.html" target="_blank">China News Network</a>.&nbsp; The measures included: Actively Thu, 01 Jan 1970 08:00:00 CST