Citadel Securities, led by CEO Peng Zhao, has submitted an application to the China Securities Regulatory Commission to establish a brokerage in mainland China. The move comes as many Wall Street firms find it challenging to navigate the country's markets.

State-owned insurers and mutual funds are expected to play a pivotal role in the process, the China Securities Regulatory Commission and the Ministry of Finance said in a press briefing.

By the end of last year, 866 qualified foreign institutional investors (QFII) obtained investment qualification in the A-share market. Foreign investors held about 3 trillion yuan ($410 billion) of A shares via QFII and stock connect programs, serving as an important source of capital inflow into the Chinese stock market, Wu said.

China announced plans on Thursday to channel hundreds of billions of yuan of investment from state-owned insurers into shares as part of the government's latest efforts to support a struggling stock market.

A view of the headquarters of China Securities Regulatory Commission in Beijing. [CHINA DAILY] BEIJING -- The China Securities Regulatory Commission (CSRC) on Sunday released an action plan to ...

The partnership formed by Oracle, OpenAI and SoftBank is due to invest up to $500 billion. SoftBank's shares rose 3.7% on Thursday in Tokyo trading after jumping 11% the day before. Elsewhere in Asia, the S&P/ASX 200 in Australia fell 0.6% to 8,383.50, while the Kospi in Seoul lost 0.8% to 2,526.98.

The US firm’s request was received by the China Securities Regulatory Commission on Friday, according to a filing posted on the regulator’s website.

Gold hovered near record highs in Asian trade as the dollar weakened on Trump's call for immediate interest rate cuts by the U.S. Federal Reserve.

SHANGHAI/HONG KONG -- The head of ... Wu Qing, chairman of the China Securities Regulatory Commission, told reporters. He said this should pump "hundreds of billions of yuan of new long-term ...

China's financial regulators are channelling pension and insurance funds into the nation's equities to establish medium and long-term holdings and stabilise Asia's largest capital market. Starting this year,

Citadel has been participating in China’s so-called A-share market from Hong Kong, where it trades cash equities, futures, options and exchange-traded funds. It has an office in Shanghai with a small team supporting the firm’s offshore China business.

World shares are mixed after China rolled out more moves to boost its lagging stock markets. Hong Kong fell while Shanghai's benchmark gained 0.5%. Officials in Beijing said pension funds