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Creditors Take Losses in Leshi Stock Disposal

Court-ordered sale of shares owned by Jia brothers leaves lenders in the lurch after stock value falls
Second Local Authority Mulls Rescue Plan for Listed Firms

Shunde follows Shenzhen in weighing plan to ease pressure on companies to dump shares to repay loans
Former Datang Telecom Chief Linked to Bribery Case

Zhen Caiji received $94,024 in cameras, cash for mistress as bribes for dealings with Jinma Bole, court verdict shows
China’s Innovent Biologics Aims to Raise $420 Million in Hong Kong

Cancer drug maker joins parade of pre-profit biotech IPOs in face of declining global markets
Fugitive Billionaire Guo Wengui’s Company Fined 60 Billion Yuan

Five former employees sentenced for assisting Guo in ‘coersive’ takeover of securities brokerage
Securities Regulator Eases Funding Rule for Merger Deals

Some of money raised for acquisitions can be used for operations or debt payment under revised CSRC rule
This Week’s Movers and Shakers

Biggest moves in China’s financial sector — plus corruption at securities regulator, and China Development Bank ex-chairman caught in graft crosshairs
Retired CDB Chief Implicated in Alleged Corruption

Prosecutors in graft trial accuse ex-Gansu party boss Wang Sanyun of asking Hu Huaibang to aid deals of disgraced CEFC tycoon
Smart Beta ETFs Embraced Amid A-Share Downturn

Funds using unconventional strategies outperform as foreign portfolios acquire more Chinese stocks
Apple Users Warned of Rising Chance of Account Theft

Alipay, WeChat Pay issue alerts following reported losses of hundreds to thousands of yuan while Apple doesn’t comment