03 Feb 2024

Anbang Insurance looking to sell off its Annuity and P&C businesses

On February 2, Caixin reported that Dajia Insurance Group – the successor to Anbang Insurance – is looking to sell two subsidiaries.

03 Feb 2024

NFRA publishes revised measures on fixed asset loans, working capital loans, and personal loans

On February 2, the National Financial Regulatory Administration (NFRA) published three sets of new measures governing bank credit…

02 Feb 2024

Wu Lijun takes over as chairman of China Everbright Bank

On February 1, the National Financial Regulatory Administration (NFRA) approved Wu Lijun to take the position of chairman at China Everbright Bank Company Ltd.

02 Feb 2024

Veteran banker Liao Lin to take over as ICBC chairman

On February 1, Industrial and Commercial Bank of China Ltd. (ICBC) announced that ICBC president Liao Lin (57) had been appointed as its new chairman, taking over from Chen Siqing (63), who has reached retirement age.

31 Jan 2024

National Financial Regulatory Administration focuses on financial sector risk at annual work conference

On January 30, the National Financial Regulatory Administration (NFRA) held its annual work meeting to lay out its tasks for the year ahead.

30 Jan 2024

Central government shareholdings in three national asset management companies (AMCs) being transferred to China Investment Corp

On January 29, Yicai reported the central government is transferring ownership of three asset management companies (AMCs) – also known as “bad banks” – from the finance ministry (MoF) to China Investment Corp (CIC).

27 Jan 2024

State-owned shareholders of Hong Kong-listed Bank of Jinzhou plan to take the bank private to avoid involuntary delisting

On January 26, Bank of Jinzhou said its major shareholders will take the bank private rather than risk involuntary delisting from the Hong Kong stock exchange. 

25 Jan 2024

People’s Bank of China and Hong Kong Monetary Authority launch raft of measures to widen scope of cross-border capital flows

On January 24, the People’s Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) unveiled measures widening the scope of cross-border capital flows. They include…

24 Jan 2024

People’s Bank of China cuts banks’ reserve requirement ratio by 50 basis points, effective February 5

On January 23, the People’s Bank of China (PBoC) said it will cut banks’ reserve requirement ratio (RRR) by 50 basis points, effective February 5.

23 Jan 2024

Officials look to stabilize ailing equity prices amid weak economy, tight financing conditions

Over the past month, officials have ramped up efforts to support onshore equity prices through various regulatory tweaks and direct market interventions.

23 Jan 2024

Shanghai to lead a new wave of economic opening

On January 22, the general offices of the Party Central Committee and the State Council jointly released a reform plan for the Pudong New Area, extending through 2027.

23 Jan 2024

China sovereign wealth fund to appoint Liu Haoling as new president

On January 22, Caixin reported that China’s sovereign wealth fund, China Investment Corporation Ltd. (CIC), is set to promote its executive vice president Liu Haoling (52) as its new president, citing unnamed sources.

20 Jan 2024

NFRA releases annual insurer solvency report, citing positive outlook

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19 Jan 2024

 State Council amends rules for PBoC monetary policy committee

On January 18, the State Council announced the revised Regulations on the Monetary Policy Committee of the People’s Bank of China (PBoC), effective immediately.

12 Jan 2024

CSRC shows renewed support for overseas IPOs

On January 11, vice chair of the China Securities Regulatory Commission (CSRC) Fang Xinghai spoke at the inaugural meeting of the China Association for Public Companies’ (CAPC) overseas-listed companies department – where he offered official support for Chinese companies to once again list overseas.

11 Jan 2024

NFRA releases final measures to strengthen operational risk management of banks and insurers

This is another in a long line of regulations aimed at firming up financial institutions’ internal control mechanisms. These rules will lead to relatively heavy compliance costs for banks and insurers but should ultimately leave China’s financial system substantially more secure and stable.

08 Jan 2024

PBoC convenes 2024 work conference, says tasks are “arduous and formidable”

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04 Jan 2024

CAC reduces data export burdens for companies in the Greater Bay Area

The CAC is on a path towards making all mainland data transfer to Hong Kong drastically easier than sending it elsewhere.

04 Jan 2024

Top policymakers convene Central Economic Work Conference, signal emphasis on growth

Market reaction to the meeting readout has largely been bearish, but we see top officials gearing up to fight harder to support growth next year.

04 Jan 2024

PBoC convenes Q4 monetary policy meeting

Despite China’s economic challenges, don’t expect big changes to monetary policy any time soon.

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