14 Sep 2021

CBIRC approves establishment of national pension company

Private pensions will be indispensable to resolving China’s looming pension crisis. The private pension sector has been slow to…


14 Sep 2021

PBoC-led committee releases standards for environmental information disclosure and environmental equity financing tools

You can’t manage what you can’t measure. As green finance continues to be a priority for Beijing, these environmental information disclosure standards will…


14 Sep 2021

China to launch new stock exchange for innovative small companies in Beijing

Ensuring that SMEs have adequate access to funding has been a long-standing concern for the Chinese authorities. Banks – traditionally the largest source of financing in China – have proven themselves ill-suited to the task of…


10 Sep 2021

State Council increases relending quota to support private sector

China’s policymakers have for years tried to get banks to lend more money to small companies and the agriculture sector with mixed success…


09 Sep 2021

PBoC Party committee meets to promote common prosperity

Since 2017, Xi has talked about common prosperity and reducing inequality but there have been few concrete manifestations of this stated commitment…


08 Sep 2021

CSRC outlines priorities for remainder of 2021 and beyond

China’s financial regulators all hold half-year meetings to review the work of the first six months and set out priorities for the rest of the year…


08 Sep 2021

Shanghai releases plan to become an international financial center

Shanghai has long held the status of China’s financial center. This FYP primarily aims to ensure the city stays at the top by broadening the services it offers and improving its competitiveness …


02 Sep 2021

Shenzhen to establish international securities arbitration center

The Shanghai and Shenzhen stock markets are the world’s fourth and eighth largest, respectively, by market capitalization. Between them, they have more than 5,500 listed companies…


02 Sep 2021

Regulators tell banks to ensure clean up of nonstandard WMPs meets year-end deadline

It’s been a long, hard slog for regulators to overhaul the WMP sector and resist banks’ efforts to water down and delay the new rules. These adjustments aren’t substantial…


24 Aug 2021

AIA says it’s awaiting regulatory approval to start operating in more mainland cities

AIA has a long history in China and has notched up a series of firsts among foreign insurers, including being the first to get approval to set up a wholly foreign owned life insurance company incorporated in China…


24 Aug 2021

Citic to establish pension fund joint venture

The dire state of China’s pension system finally appears to have spurred policymakers into action…


24 Aug 2021

PBoC issues guiding opinions for development of corporate bond market

The aims laid out in the opinions are essentially a coalescence of the long-held, disparate objectives of China’s financial regulators. They also, as opinions often do, reiterate rules that already exist…


24 Aug 2021

PBoC suspends issuer credit rating requirement for non-financial companies

Even though the PBoC has suspended the requirement, companies will still need to get their bonds rated if they want anyone to buy them…


23 Aug 2021

Guangdong releases five-year plan for financial development, including proposals for GBA integration

Financial integration is one of the goals of the GBA and measures to support this policy have been slowly announced and introduced since the development plan for the region was issued in early 2019…


23 Aug 2021

CBIRC issues draft measures governing reserves for non-life insurance business

China is severely underinsured, especially in non-life insurance areas such as natural catastrophes and public health crises, and the government has been pushing companies and state entities to increase their cover…


23 Aug 2021

CBIRC inspection highlights problems with personal insurance products

The CBIRC periodically reports on the results of inspections and spot checks of the various insurance sub-sectors…


23 Aug 2021

CBIRC cracks down on deceptive practices by internet insurance companies

Malfeasance and shady dealings have become an increasingly prominent problem in China’s growing online insurance industry…


23 Aug 2021

Allianz approved to establish China’s first wholly foreign-owned insurance asset management company

Allianz China was the first wholly foreign-owned insurance holding company and this latest approval marks another milestone for the German insurer…


23 Aug 2021

Bank of Wenzhou gets second bailout, this time from rural commercial banks in Zhejiang

Bank of Wenzhou is the latest in a string of small regional lenders that are being recapitalized as part of a cleanup of the banking sector…


23 Aug 2021

CBIRC official outlines concerns about health of joint-stock banks

Financial de-risking and the overall health of the financial system have been key concerns for Chinese regulators for several years, as we have highlighted regularly in our analysis…


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