CSRC appoints new deputy chairman
Wang is a CSRC veteran, having worked for the securities regulator in various roles for 19 years…
China and EU unveil common green finance taxonomy
Achieving China’s climate goals will require significant capital allocation. Although there is already widespread recognition of this, there are key challenges to…
China finalizes TLAC regulations for its global systemically important banks
These measures have been in the works for some time. China’s grace period for complying with the FSB’s standards for G-SIBs comes to an end in…
Beijing Stock Exchange set to open in mid-November
The final rules are little changed from those that have been released in stages after Xi’s initial announcement in September. At present the BSE is…
Key regulators discuss property risks, financial system at Financial Street Forum
There was little new in the speeches of the policymakers, and we wouldn’t expect there to be, but the forum gave them the chance to…
CBIRC shifts to a registration-based process for insurance asset-backed plans and insurance PE funds
Insurance companies are becoming increasingly important players in the financial sector as the authorities have gradually allowed them to…
Lam announces “Northern Metropolis” to boost GBA connectivity, ease Hong Kong housing shortage
The Northern Metropolis plan aims first and foremost to address Hong Kong’s acute housing shortage. A dearth of affordable living options…
Latest round of discipline inspections target financial sector
Discipline inspections are the Party’s most powerful tool for ensuring policy implementation and rooting out corruption among Party officials. The CCDI selects different…
CBIRC updates rules for supervisory rating of commercial banks
China’s banking system has undergone a significant transformation since the previous supervisory rating rules were issued in 2014, making the need for…
CBIRC issues measures to improve supervision of major shareholders in banks, insurers
As the multitude of scandals that have hit the financial sector in the last few years show, shareholder malfeasance has been…
PBoC releases guidelines to increase micro and small firms’ access to banking services
These new rules are part of a long-standing campaign by the government to improve access to banking and financial services including loans for small businesses who have traditionally been underserved by the formal banking system…
CSRC, MoJ issue opinions on pilot futures and securities arbitration centers
This is a high-level, ministerial-tier guiding document, the purpose of which is to drive the establishment of securities arbitration zones at the provincial and municipal level. For now…
PBoC targets offshore exchanges in new ban on cryptocurrency trading
Despite almost a decade of rules and bans, China has failed to stamp out cryptocurrency trading on the mainland and this latest action from the PBoC…
CBIRC urges insurers to expand personal insurance coverage
While the personal insurance industry has seen steady growth in recent years, it hasn’t responded well to…
CBIRC issues new measures to improve regulation of the accident insurance business
These measures are part of a broader effort by regulators to clean up and standardize the insurance industry. As with other sub-sectors, the accident insurance business…
HKMA names banks approved to participate in GBA Wealth Management Connect
According to an estimate by Bank of China (Hong Kong) Ltd., the GBA WMC could generate as much as…
CSRC signs off on giving QFII investors greater access to onshore derivatives
China’s financial market opening continues apace…
PBoC releases list of 19 domestic systemically important banks
Although the banks named as D-SIBs come as no surprise, it’s taken regulators a long time to get to this point…
Huzhou implements the first regional and digital ESG evaluation system in the country
Policymakers in Huzhou are attempting to kill two birds with one stone…
Guangdong and Shenzhen test offshore appetite for RMB-denominated local government bonds
China’s local governments are facing multiple challenges when it comes to raising funds onshore…