So among his mandates is to search out a joint venture with a Chinese securities partner that would allow BofA Merrill Lynch to underwrite IPOs in China.
FORBES: Too Big To Fail But Brazen Enough To Still Get Bigger
Then this week, the Chinese securities regulator approved the country's first gold fund designed to invest in overseas-listed gold ETFs, a move analysts interpreted as another bullish sign for gold.
Besides financial risk, says Stephen Harner, an industry consultant in Shanghai, they fear for their reputation if their Chinese partner is caught playing foul in the markets (as so many Chinese securities firms do).
A-shares, as well as other Chinese securities.
ECONOMIST: China's different share classes damage its own prospects
Chinese investment trust Citic Securities, up 481%, leads the list of Global 2000 stock market stars.
Late last year, an intriguing article appeared in a leading Chinese financial journal, Securities Weekly, hinting that members of the Li family might be profiting from their powerful connections.
ECONOMIST: Systemic corruption: Something rotten in the state of China | The
In fact, Pareto Securities found that Chinese implied oil demand came in at an all-time high of 9.8 million barrels per day in September.
FORBES: World Starting To See Big Bargains In Chinese Stocks
Now, VIEs have come under the scrutiny of Chinese regulators, the China Securities Regulatory Commission (CSRC), which has asked the State Council to take action against VIEs.
FORBES: Is It Time To Buy The Next Chinese Amazon.com At A Deep Discount?
To help reduce net foreign-currency inflows, the government announced plans earlier this month that would make it possible for the first time though still subject to quotas for firms and ordinary Chinese to invest in foreign securities markets.
Direct investment by U.S. companies in China, Chinese exports to the U.S. and Chinese purchases of U.S. Treasury securities are all well off their peak growth rates.
The problem is Chinese companies may be keeping two sets of books one for Chinese financial regulators and a bogus set for the Securities and Exchange Commission and investors here in the United States.
For the very first time Americans can invest in yuan by purchasing securities denominated in the hard-to-buy Chinese currency.
The U.S. needs a deal that protects investors and requires Chinese companies listing in the U.S. to follow U.S. securities laws.
WSJ: Business Asia: There's No Accounting for China's Accounting
Sioeng, the majority notes, was an owner of Mansion House Securities, which intelligence information showed to be owned in part by the Chinese government.
Chinese state media reported a government official as saying that the tax rise, which has been approved by the Chinese cabinet, "is intended to help promote the healthy development of the securities markets".
In an interview on his last day in office as Hong Kong's securities regulator this year, Martin Wheatley warned about the craze for shares of Chinese companies, calling China "the new dot-com" of the investment world.
Beat-up shares in Chinese paper producers may be poised to rise in the second half of 2012, Northeastern Securities of Jilin said in a research report on Saturday.
The probe last month was led by China's central bank and top securities regulator and focused on a kind of transaction that could magnify trading risks for Chinese banks and brokerage firms.
The bond-market investigation, led by China's central bank and top securities regulator, focuses on a kind of transaction that could magnify trading risks for Chinese banks and brokerage firms, the people said.
Guo Shuqing, the head of the China Securities Regulatory Commission, said that the regulator had already reached an agreement with the Chinese central bank and the State Administration of Foreign Exchange to raise the QFII limit.
An MBA from the Chinese University of Hong Kong, he worked for the fund management arms of Hongkong Bank and Japanese securities giant Daiwa before joining Thornton in 1994.
In China, Mr Caballero argues, this is done indirectly through the state, which buys foreign securities, such as Treasuries, then issues bonds of its own, which are held by Chinese banks, companies and households.
In May, Deloitte China received a subpoena from the U.S. Securities and Exchange Commission demanding records related to possible accounting fraud at the Hong Kong-based Chinese financial software company, Longtop Financial Technologies.
The Chinese bank plans to do more securitization deals in the U.S., as selling off the loans as securities will enable the bank to free up capital to lend more in the U.S. Its goal this year is to originate loans intended for an additional two to three such deals, a person with knowledge of the bank said.
应用推荐