CBIRC issues report on shadow banking sector
China’s regulators have had a love-hate relationship with shadow banking for years and have oscillated between…
Guo Shuqing speaks on fintech supervision and digital finance risks
People in China care about privacy – and the authorities are sensitive to that. Regulating data ownership and tightening scrutiny of big tech companies helps the CBIRC…
Regulators release roadmap for increasing coverage of the legal entity identifier system
China’s growing integration into the global economy and the international financial system has made it more imperative for regulators to improve their ability to …
State Council looks to boost development of personal insurance sector
As China’s population ages and the country’s pension and medical insurance systems come under increasing strain, the expansion of…
Local media backtracks on report of yet another extended deadline for banks to comply with asset management regulations
China’s banks have pushed back against the new asset management rules ever since the first draft was published and lobbied hard to get the deadline extended, first to end-2020 and subsequently to end-2021. This episode indicates that …
Regulators readjust macroprudential assessment parameters to curb offshore borrowing
This readjustment appears to be aimed at killing several birds with one stone. It’s an attempt to take some appreciation pressure off the RMB by …
Regulators finalize measures to identify too-big-to-fail banks
These measures are the latest by China’s regulators to show the country’s commitment to complying with international standards and regulations. They come just two months after…
Guo Shuqing warns again about financial risks, singles out real estate sector
Guo’s repeated emphasis on tamping down risk in the financial sector aligns with policymakers’ efforts to identify and neutralize risk wherever they find it. Indeed, Guo’s list of historical lessons aligns closely with…
Yi Huiman highlights increasing direct financing as major task for securities regulator in next Five-Year Plan
China has for years been advocating a bigger role for direct financing in the economy as the dominance of indirect financing, mostly bank lending, concentrated too much risk in the banking sector. Zhou Xiaochuan, central bank governor from 2002 to 2018, highlighted…
SAFE to expand outbound investment programs
Although China has for years promised two-way opening of its capital account, the action has mostly been aimed at attracting money into the country through programs like …
Carrie Lam promotes Hong Kong-GBA financial integration in annual policy address
It’s clear from Carrie Lam’s speech and the talks with mainland officials that preceded it, that the central government is determined to play a far more hands-on role in …
PBoC appoints new head of policy and regulations department
Liu has worked closely over the years with Guo Shuqing, the current head of the China Banking and Insurance Regulatory Commission and the Party secretary and deputy governor of the PBoC. They were …
CBIRC updates rules to strengthen oversight of trust companies and shareholders
Strengthened supervision of trust companies and their shareholders is part of a broader government strategy to control and lower risks in the financial sector that’s been underway since 2017. Although there are only …
CBIRC loosens restrictions on insurers’ equity investments
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PBoC is drafting revisions to anti-money laundering law
As China increasingly integrates into the global financial system and opens its financial markets to overseas capital, it finds itself having to …
AllianceBernstein applies to establish wholly owned China mutual fund subsidiary
Currently the fifth-largest mutual fund market in the world, and with the world’s largest population, China presents a huge and relatively untapped opportunity …
PBoC appoints new deputy governor
Liu’s promotion is part of a regular revolving door of personnel between the central financial authorities and the big state-owned commercial banks. In recent years, officials destined for …
CBIRC establishes rules for GBA medical insurance products
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CBIRC releases draft revision of administrative measures for market access for branches of insurance companies
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CBIRC loosens regulatory requirements for consumer finance and auto finance companies
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