1. China's capital market will open wider to foreign investors in 2016 and domestic brokerages will expand business overseas, the country's securities watchdog said Saturday. China will gradually increase the quota for Qualified Foreign Institutional Investors (QFII) and RMB QFII, said Xiao Gang, head of China Securities Regulatory Commission, at a national conference on securities market regulation. QFII and RQFII are designed for foreign investors to trade securities in China's largely isolated capital market. China will work for A share's inclusion into global stock indices, in a bid to make the performance of domestic market more of an international metric. The country will encourage sovereign wealth funds, foreign pension funds and passive ETFs to increase investment in China, according to Xiao.
2. China's securities watchdog on Saturday acknowledged regulation defects and vowed to learn a lesson from the stock market rout. "Wild market swings revealed our supervision and management loopholes," said Xiao Gang, head of the China Securities Regulatory Commission (CSRC), at a national conference on securities market regulation. "The CSRC will learn a lesson. We will improve regulation mechanisms, intensify supervision and guard against risks so as to create a stable and sound market," said Xiao.
3. China's new yuan-denominated lending in 2015 hit 11.72 trillion yuan (1.79 trillion U.S. dollars), up 1.81 trillion yuan from 2014, new data showed on Friday. In December, new lending reached 597.8 billion yuan, down 345.3 billion yuan from the same month of 2014, said the People's Bank of China (PBOC), the central bank.
4. Anxin Trust Investment (600816.SH) began the earning season of Shanghai stock market by posting 1.722 billion yuan of net profits for 2015, up 68.26 percent year on year, on Sunday. Meanwhile, its operating revenue increased 63.30 percent year on year to 2.955 billion yuan during the reporting period. Basic earnings per share reached 1.0482 yuan in 2015. The company plans to distribute 0.35 yuan of cash dividend per share to its shareholders (tax included). According to its annual report, by the end of the reporting period, total assets of the Shanghai-listed company increased 6.205 billino yuan from the end of 2014 to 9.159 billion yuan, while its liabilities stood at 2.850 billion yuan. The debt-to-asset ratio came to 31.12 percent, down 7.79 percentage points from that in 2014.
5. China's margin trading on the Shanghai and Shenzhen bourses reached 997.496 billion yuan as of last Friday, seeing a decline for 11 consecutive trading days. Of the total, the margin trading balance on the Shanghai bourse stood at 585.479 billion yuan, and margin trading balance on the Shenzhen bourse stood at 412.017 billion yuan.
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