Once again, the CBIRC is prioritizing oversight and compliance in the financial industry in a bid to combat malfeasance, protect consumer rights, and support both financial and social stability. Regulators will look to deepen this push by …
As Chinese regulators continue their campaign to de-risk the financial system, defining the rights and responsibilities of whistleblowers will serve to fill a gap in the existing oversight system and …
Previously, Ant Financial and Tencent, the respective parent companies of Alipay and WeChat Pay, had focused their attention on working with local partners to foster the use of their platforms by Chinese nationals abroad. The decision to allow foreign cards to …
The move is part of UBS’s new China growth strategy.
The past month has seen a couple of concrete market moves by the Swiss lender aimed at…
Foreign firms eager to enter China’s fintech market must be aware of these granular regulations.
The growth of fintech warrants a clear and robust regulatory framework.
The consistency with which high-level Chinese officials are speaking about financial opening demonstrates the how earnest the government is about reforms.
The move represents Ergo’s efforts to establish itself in China.
Capital needs are still high throughout the financial system, while small and large institutions facing different challenges.
China’s leadership is waking up to the fact that MNCs have suffered from years of “promise fatigue,” and that frustration with China’s business environment risks have begun to boil over.
The measures seek to gradually ease constraints on cross-border payments.
The plans announced by SAFE demonstrate that financial opening is proceeding.
Regulators are increasingly looking to better supervise the asset management industry.
Xi’s speech made clear that despite previous reservations the Chinese state will seek to invest in blockchain technology and harness it in service of state interests.
In its current form, the GBA licensing scheme is very limited in scope, essentially allowing only for transit from Hong Kong or Macau to the mainland by way of the other territory…
Chen Xiaozhou will take over as head of China Construction Bank University. This is effectively a demotion, and signals that…
The measures are aimed to ensure sufficient liquidity in the equity market by galvanizing medium and long-term investors.
The shift from granting merely market access to issuing full business licenses shows that market opening is genuinely happening.
Leaders are keen to assuage the fears and anxiety of multinational corporations weary of breaches of trust.