TOPIC

/ people

Yi Huiman

The latest news on Chinese banker, Yi Huiman, former chairman of the China Securities Regulatory Commission.

Born

19 Dec 1964

Industry

Business

Job Title

Former Chairman, China Securities Regulatory Commission

Investor confidence has been on the wane, with Chinese stock values as well as FDI measurements hitting severe lows. Photo: EPA-EFE

Banking & finance

China’s new regulator promises predictability amid waning investor confidence

The Central Financial Commission has vowed to keep policies in line with international rules and avoid jarring turns in regulation in an attempt to reverse or mitigate 2023’s precipitous drops in stock value and foreign investment.

21 Feb 2024 - 7:55AMvideocam

Banking & finance

China regulatory chief’s appointment indicates tightening, reforms on cards

20 Feb 2024 - 11:46PM

China stock market

Investors want Beijing to do more to keep the US$380 billion stock rally going

14 Feb 2024 - 7:30AM

China stock market

China appoints new securities chief to head off stock market slump

Wu Qing, a Shanghai official with experience in the city’s stock exchanges, has been appointed to head up China’s securities regulator as the country lays out measures to bring its markets under control.

7 Feb 2024 - 7:50PM

Wu Qing, right, pictured with Elon Musk, centre, has been appointed the new chairman and party secretary for China’s securities regulator. Photo: Bloomberg

China stock market

China intervenes in market as regulator steps up scrutiny of stock rout

A bull market is vital for China’s slowing economy because stock valuation has slumped to about 54 per cent of national output, from a record 79 per cent in 2021.

6 Feb 2024 - 5:30PMvideocam

Hong Kong stock market

Hang Seng surges on China’s US$140 billion liquidity plan, insiders lift Alibaba

Stocks in Hong Kong and mainland China surged again as China delivered on its promise to calm the market with a US$140 billion liquidity injection plan. Buying by corporate insiders lifted Alibaba by the most in six months.

24 Jan 2024 - 5:20PMvideocam

China stock market

China cuts holding costs of mutual-fund investors to bolster stock market

The China Securities Regulatory Commission’s latest action is expected provide a boost to the nation’s US$11.5-trillion stock market, a laggard among the key benchmarks in Asia this year.

8 Jul 2023 - 4:34PM

A view of the China Securities Regulatory Commission office building, located in downtown Beijing, on December 18, 2019. Photo: Simon Song

China stock market

CSRC vice-chairman sees more foreign fund flows into A shares despite concerns

Fang Xinghai said foreign capital will continue to pour into mainland-listed equities as long as handsome investment returns can continue be generated.

9 Jun 2023 - 9:16PM

China stock market

China’s stock regulator touts long-term stock returns to soothe investors

Long-term value investing is the key to delivering stable returns in China’s US$11.5 trillion stock markets, Yi Huiman, chairman of the China Securities Regulatory Commission, said at the Lujiazui Forum in Shanghai.

9 Jun 2023 - 9:22AM

Banking & finance

Shanghai exchange undertakes efforts to help banks improve their valuations

The proposal to improve banks’ valuations and develop index funds was outlined to executives of state-backed lenders by Cai Jianchun, the exchange’s general manager.

19 May 2023 - 4:02PM

The Shanghai Stock Exchange is aiming to boost the valuation of state-backed banks to help support the nation’s economic recovery. Photo: Reuters

Banking & finance

China’s new regulator vows to ‘build an iron wall of financial security’

Vice-Premier He Lifeng oversaw the inauguration ceremony of China’s new regulator, the National Financial Regulatory Administration (NFRA), on Thursday in Beijing.

18 May 2023 - 8:30PM

Vice-Premier He Lifeng oversaw the inauguration ceremony of the new National Financial Regulatory Administration (NFRA) on Thursday in Beijing. Photo: Xinhua

China stock market

Price gap for dual-listed stocks hits 5-month high amid SOE, AI euphoria

The yuan-traded shares of 150 dual-listed companies commanded a 42 per cent premium over their Hong Kong-listed shares this month, versus a 10-year average of 26 per cent.

8 May 2023 - 4:22PM

Banking & finance

China launches new anti-corruption probe into top banks, SOEs

China’s new leadership team is racing to defuse financial risks, including at top banks and state-owned industrial giants, against a backdrop of slowing economic growth and an overseas banking crisis.

29 Mar 2023 - 9:32AMvideocam

Hong Kong politics

Overhaul of top Hong Kong affairs office good for work on policies: John Lee

Central government’s comprehensive jurisdiction over Hong Kong goes hand in hand with the ‘high degree of autonomy’, Chief Executive John Lee says.

17 Mar 2023 - 11:43PM

Hong Kong Chief Executive John Lee attends the flag-raising ceremony at Tiananmen Square in Beijing. Photo: Handout

China stock market

China must boost battered valuations of SOEs, Shanghai stock regulator warns

The undervaluation of state-owned enterprises risks eroding their ability to raise funds via the markets, which in turn destabilises the economy, says general manager of Shanghai bourse.

7 Mar 2023 - 5:40PMvideocam

The undervaluation of state-owned enterprises risks eroding their ability to raise funds via the markets, says Cai Jianchun. Photo: EPA-EFE

China stock market

China’s telcos turn world beaters in rare stock re-rating amid tech ambitions

China’s three telecom operators, panned as value destroyers in stock markets, are no longer market laggards. Stock returns this year are among the best in the world. Here’s why.

6 Mar 2023 - 7:00AMvideocam

China's economic recovery

China’s next economic tsar? He Lifeng raises profile with central bank visit

Beijing again puts He Lifeng alongside senior cadres during a high-profile stop at the People’s Bank of China, leading to increased speculation about major economic policy changes.

1 Feb 2023 - 8:30PMvideocam

China property

Chinese property shares surge on rumours of support for ‘healthy’ developers

The Shanghai Stock Exchange Property Index jumped 3.5 per cent on Wednesday as rumours emerged that the authorities are planning a raft of supportive measures for financially stable home builders.

4 Jan 2023 - 6:28PMvideocam

China’s regulators fired ‘three arrows’ – bank credit, bond issuance and equity financing – within 20 days in November to crack the ice that had chilled the real estate industry. Photo: Reuters

China stock market

State-owned firms surge as China’s watchdog pledges market improvements

Shares of Chinese state-owned companies surged on Tuesday after the country’s most senior financial regulator pledged to build ‘a capital market with Chinese characteristics’.

22 Nov 2022 - 6:49PM

China GDP

No 1 priority for China is still GDP growth, senior economic official asserts

Comments from Han Wenxiu come amid worries that focus on high-quality development and ‘common prosperity’ could sideline China’s economic growth priorities.

7 Nov 2022 - 9:19AM

China’s 20th Party Congress

Economic and finance shake-up on China’s Central Committee

Reshuffle follows Central Committee retirements, banking crises and Xi Jinping’s anti-corruption campaign but scope of changes prompts uncertainty.

22 Oct 2022 - 8:16PMvideocam

The list of new Central Committee members published after the 20th party congress reveals big changes to finance and economic representation and raises questions about how China will navigate a difficult period. Photo: Reuters

Accounting and auditing

China to give US audit data to avoid Chinese firms’ expulsion from US exchanges

China and the US signed an accord granting the US accounting oversight board access to Chinese audit data, ending an impasse that has wiped billions of dollars off Chinese stocks on US exchanges.

27 Aug 2022 - 9:43AM

The flags of the United States and China on display at a Beijing hotel on May 14, 2019. Photo: AFP

China stock market

China’s securities watchdog pledges to stabilise troubled markets

Yi Huiman, chairman of the China Securities Regulatory Commission, promises to stabilise the capital markets and prevent ‘abnormal fluctuations’.

1 Aug 2022 - 4:41PM

China stock market

China’s market opens further with ‘gamechanger’ derivatives law

The move, effective Monday, holds the promise of eventually revolutionising cross-border trading in an economy that still remains significantly cut off from international markets.

1 Aug 2022 - 10:58AM

Accounting and auditing

Hong Kong ends accounting pact after rejecting US waiver demand

Hong Kong and the US will no longer renew a mutual recognition agreement for their professional accountant to do audit works in each others market, ending more than a decade of such cross border co-operation, according to statement of Hong Kong Institute of Certified Accountants (HKICPA).

26 May 2022 - 9:07PM

View of Hong Kong skyline from The Peak on Hong Kong Island on 17 May 2022. Photo: K. Y. Cheng

Stocks

CSRC renews call that firms buy back shares to boost prices amid sluggish market

China’s securities watchdog wants listed companies to repurchase their own shares and their major shareholders to support stock prices amid efforts by Beijing to stabilise the country’s sluggish stock markets.

12 Apr 2022 - 4:29PM

A screen shows news footage of Chinese President Xi Jinping at the China Securities Regulatory Commission building in Beijing. Photo: Reuters

China stock market

China’s regulator goes on charm offensive to lift market confidence

Yi’s remarks would bolster confidence among investors who have been beaten down by a relentless sell-off in technology stocks, combined with concerns of an economic slowdown as the Covid-19 pandemic flared up.

9 Apr 2022 - 3:11PM

Banking & finance

China takes aim at ‘scattered’ financial stability rules with new draft law

China’s central bank said in a draft law released on Wednesday that the existing legal framework to mitigate financial risks is disorganised and ‘lacks overall design’.

7 Apr 2022 - 8:30PMvideocam

Help preserve 120 years of quality journalism.

SUPPORT NOW