21 Oct 2022

Major banks and insurers release statements in support of Beijing’s policies

The financial sector is falling over itself to support government policies, particularly in light of the Party Congress. That push, plus the…

20 Oct 2022

UBS becomes first foreign firm to trade Chinese commodity futures under QFII scheme

China has the world’s biggest commodities futures markets, but their insularity means they only have limited relevance to global commodities pricing. Increasing the relevance of Chinese commodity markets is…

13 Oct 2022

Shanghai Stock Exchange names new Party secretary

Qiu’s views on financial markets appear to align closely with Beijing’s broader ambitions – including the many initiatives currently underway. Both increased regulatory supervision and…

12 Oct 2022

PBoC releases exchange rate management report

Beijing is confident in its exchange rate policy. This report signals that the tried-and-true mix of light-touch intervention and “reasonable” market fluctuations is here to stay.

05 Oct 2022

PBoC releases RMB internationalization report

Over the last couple of years, Beijing has elevated RMB internationalization as a policy goal. It’s slow going, but a regular flow of supportive reforms – as well as growing international RMB use fueled by Western sanctions on Russia over its invasion of Ukraine – will ensure further progress.

05 Oct 2022

PBoC releases derisking report

Much of the corruption, opacity, and shoddy credit evaluation that has plagued China’s financial industry for decades has indeed been substantially ameliorated in recent years. And it’s high time. As growth slows, it’ll become harder to hide financial risks.

05 Oct 2022

PBoC outlines key priorities for developing onshore bond market

Improving the bond – and equity – market’s ability to channel funding to cash-starved, innovative private firms is key to Beijing’s tech development plans. To date, there’s little progress to speak of despite the PBoC’s insistence.

27 Sep 2022

September foreign financial institution approvals and specific financial opening developments

Allianz discussing onshore expansion; Goldman Sachs reduces China workforce; Bank CEOs testify before US Congress…

27 Sep 2022

PBoC to expand digital yuan pilot

This provincial-level expansion will likely become the roadmap for the e-CNY’s national launch – the PBoC runs e-CNY pilots in important regional cities first and then…

27 Sep 2022

CSRC approves launch three ETF options contracts

Financial regulators need to provide more derivative products to attract long-term, institutional money to China’s capital markets as sophisticated investors demand diversified risk management tools for their portfolios…

26 Sep 2022

These measures represent another step in building a regulatory framework to manage FHCs, reducing financial risks associated with them, and bringing them under closer oversight following…

26 Sep 2022

CSRC issues revisions to Futures Exchange Administrative Measures

China’s financial system has grown at unprecedented scale and speed over the past decade and regulation and oversight have often failed to keep pace. Beijing wants…

26 Sep 2022

He Chunlei to take over as chairman of China Re

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26 Sep 2022

HKMA CEO hints at expansion of GBA Wealth Management Connect

The Greater Bay Area WMC has generated significant interest in its first year of operation with 35,600 investors having taken part and a total of RMB 1.45 billion worth of transactions. Yue’s comments suggest…

23 Sep 2022

Hengqin lures listcos with cash incentives

Along with measures announced in July to attract the semiconductor industry to the zone, these measures seek to…

23 Sep 2022

CBIRC issues Q2 review of insurance industry solvency

In addition to bringing China’s insurance industry into line with global standards on solvency and risk prevention, C-ROSS II aims to…

23 Sep 2022

Zhang Qingsong appointed PBoC deputy governor following departure of Chen Yulu

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23 Sep 2022

Qianhai and Hong Kong roll out measures to attract venture capital

The new measures look to widen the channels for cross-border capital flows between the mainland and Hong Kong in a bid to create a more robust venture capital ecosystem. They aim to…

22 Sep 2022

Big banks lower personal deposit rates after LPR cut in win for PBoC’s new monetary policy approach

The cuts signal that deposit rates are reacting to policy rate changes – and that the PBoC’s new approach is working. The real question is…

22 Sep 2022

PBoC details past-year achievements, lays out longer-term goals

The central bank has done a fine job reining in financial sector risk over the past five years. But…

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