March foreign financial institution approvals and specific financial opening developments
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PBoC signals it is comfortable with slower credit growth
The PBoC has repeatedly said it wants to “revitalize credit efficiency” this year, and given Xuan’s comments, it’s increasingly clear that…
Central bank calls for improving transaction environment for credit cards
The central government’s top-down efforts might help push major public institutions…
PBoC reshuffles monetary policy committee, replacing two academic members
The MPC’s academic advisors speak more freely than other committee members…
CITIC Group, China Construction Bank, and Huaxia Bank to have leadership turnover
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NFRA establishes risk level supervision scheme for life insurers
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CSRC issues four documents to improve stock market corporate governance, boost trust
The Chinese public has long felt the domestic stock markets are stacked against them, and rigged in favor of insiders. These measures are a step toward dismantling those perceptions…
PBoC drains liquidity to counter bond price inflation
The PBoC has repeatedly flagged its intention to relax monetary conditions this year to reduce bank funding costs and boost consumer prices – but as it does so, it wants to avoid inflating bond prices…
Government promises more stable and predictable policymaking in government work report
If executed correctly, the expanded review mechanism will improve the business environment and…
TSF grew 9.0% in February, one of the slowest monthly expansions on record
Achieving 5% growth this year will be difficult without robust credit demand. But things might not be as bad as they seem…
NFRA pursues auto industry support to boost consumption
The “new quality productive forces” campaign, codified in top Two Sessions policy guidance, will drive…
Mainland retail funds flood into Hong Kong after Wealth Connect reforms
These are precisely the right measures to jumpstart the GBA WMC. A primary issue with the WMC is…
Sichuan Trust investors finally compensated, as authorities push for bankruptcy reorganization
Nearly four years after a major default, Sichuan Trust is finally close to being restructured…
CSRC calls for more corporate dividends
The new head of China’s securities regulator (CSRC) wants A-share companies to increase dividend payouts…
PBoC Governor Pan signals more RRR cuts likely this year
Calls are mounting for more aggressive interest rate cuts to support the economy – but the PBoC has been reluctant…
Beijing sets 2024 GDP growth target at around 5%
Markets were largely disappointed with these numbers. Many observers hoped for…
2024 fiscal policy settings signal Beijing is ready to spend to support economy
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Beijing to maintain accommodative monetary policy stance in 2024
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A-share support measures continue, start to yield dividends
Efforts to support A-share valuations continued in February, albeit with far less intensity than in August and September when authorities first started trying to breathe life into the market.
Ant Group submits leading bid for Credit Suisse’s investment bank business in China
On February 25, Bloomberg reported that Ant Group outbid Citadel Securities for Credit Suisse’s investment bank business in China.