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…
MEE issues draft of measures for disclosure of environmental information by companies
Building out a more systematic and comprehensive environmental disclosure system takes time, and this is certainly a step in the right direction…
PBoC meeting flags bleak economic outlook, Governor Yi Gang warns on QE
The PBoC is facing a rapidly deteriorating domestic economy and also a (potential) looming car crash in the real estate sector as the financial troubles engulfing…
PBoC issues measures for supervising credit reporting industry
These long-awaited rules seek to address myriad problems in the credit reporting sector. They are part of…
Southbound Bond Connect to open on September 24
The opening of the southbound leg of the Bond Connect is one of a flurry of recent developments aimed at boosting financial connectivity between the mainland and Hong Kong…
Shenzhen government to sell bonds in Hong Kong
Local governments in China have only been able to issue their own bonds since 2015 as part of central government efforts to clean up local government debt and improve transparency and accountability…
CBIRC announces pilot program for pension products
Faced with a looming shortfall in the public pension system, Chinese policymakers have started a concerted drive to expand the private pension market to encourage people to save for their old age…
CBIRC issues rules on insurer branch establishment
While largely dry and procedural, the measures reflect regulators’ intention to improve oversight of China’s insurance industry…
Guangdong issues plan for market-based allocation of capital
While the plan is very broad-brush, it shows the Guangdong provincial government’s resolve to turn the province into a national financial engine…
CSRC expands pilot program to encourage more red chip companies to list on the mainland
China’s policies have for years denied mainland investors the chance to participate in and profit from the growth of large state-linked companies that have, for various reasons, chosen to list in Hong Kong. But, over the past few years…
PBoC releases annual financial stability report
The PBoC’s message is clear: there are plenty of risks, there will continue to be plenty of risks, and we’re happy with how we’re dealing with them…
PBOC and SAFE update regulations on offshore lending by commercial banks
This is yet another set of regulations catching up with the reality of China’s growing integration with the world economy. These provisions are clearly aimed at…
Party and State Council announce launch of Zhuhai-Macau cooperation zone
The establishment of the Hengqin cooperation zone serves two primary purposes. The first is to diversify Macau’s economy…