26 Sep 2022

HKMA CEO hints at expansion of GBA Wealth Management Connect

The Greater Bay Area WMC has generated significant interest in its first year of operation with 35,600 investors having taken part and a total of RMB 1.45 billion worth of transactions. Yue’s comments suggest…

23 Sep 2022

Hengqin lures listcos with cash incentives

Along with measures announced in July to attract the semiconductor industry to the zone, these measures seek to…

23 Sep 2022

CBIRC issues Q2 review of insurance industry solvency

In addition to bringing China’s insurance industry into line with global standards on solvency and risk prevention, C-ROSS II aims to…

23 Sep 2022

Zhang Qingsong appointed PBoC deputy governor following departure of Chen Yulu

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23 Sep 2022

Qianhai and Hong Kong roll out measures to attract venture capital

The new measures look to widen the channels for cross-border capital flows between the mainland and Hong Kong in a bid to create a more robust venture capital ecosystem. They aim to…

22 Sep 2022

Big banks lower personal deposit rates after LPR cut in win for PBoC’s new monetary policy approach

The cuts signal that deposit rates are reacting to policy rate changes – and that the PBoC’s new approach is working. The real question is…

22 Sep 2022

PBoC details past-year achievements, lays out longer-term goals

The central bank has done a fine job reining in financial sector risk over the past five years. But…

22 Sep 2022

CSRC vice chair calls for increased financial opening

China’s financial markets have opened further this year. But that opening is increasingly one-sided…

19 Sep 2022

Exchanges expand onshore derivatives access for foreign investors

This is yet another substantive measure in China’s cautious financial opening…

12 Sep 2022

CBIRC releases rules to improve internal controls at wealth management companies

Since 2017, financial derisking has been one of Beijing’s primary goals. Since then, regulatory efforts have focused on defusing extant risks – for WMCs that’s meant…

01 Sep 2022

NDRC raises approval requirements for offshore debt issuance

This move is part of a broader aim by Beijing to exercise tighter control over what types of companies can raise cash – and for what purposes…

01 Sep 2022

PBoC adds foreign banks to its core green finance program

Beijing knows that financing China’s green and low-carbon transition will not be easy, which is why it has been working on increasing foreign participation in green finance. However, this move isn’t just about expanding CERF…

24 Aug 2022

PBoC cuts both one- and five-year Loan Prime Rates

The PBOC is playing things cautious…

23 Aug 2022

Hengqin rolls out subsidies to attract semiconductor industry

As ties with the United States and Taiwan grow ever more brittle and as Washington puts pressure on other major chip producers to join its Chip 4 Alliance, China’s need to boost the development of its homegrown semiconductor industry grows increasingly urgent…

23 Aug 2022

Insurers prepare for return of mainland consumers to Hong Kong

While the reduction of quarantine requirements to enter Hong Kong from the mainland may indeed restore some of the curtailed mainland insurance purchases, volumes are unlikely to recover to pre-COVID levels without additional health policy loosening or the deployment of the long-anticipated insurance connect…

22 Aug 2022

Ministry of Finance takes direct stake in Guangfa Bank

At this stage, it’s unclear why Yingda transferred part of its stake to the MoF…

22 Aug 2022

PBoC, CBIRC allow insurers to issue perpetual bonds

With the entry into effect of Phase II of the China Risk Oriented Solvency System (C-ROSS) in January, insurers have been forced to shore up their balance sheets as new solvency requirements eat into their core capital…

19 Aug 2022

Rules aimed at overhauling domestic credit ratings system go into effect

These regulations are part of a long march to clean up problems in the bond market, implement the government’s commitment to ending the implicit guarantee that defaulting corporations will get a bailout, and develop markets where risks are correctly priced and investors bear the cost of defaults…

18 Aug 2022

CSRC, HKSFC agree to expand Stock Connect trading days

This tweak is meant to both further integrate mainland and Hong Kong markets and induce more foreign capital to invest in Chinese stocks…

15 Aug 2022

PBoC cuts MLF rate for first time since January

There’s no shortage of liquidity – M2 money supply growth in July was faster than expected, and the PBoC has been draining cash from the interbank market, where rates are rock bottom…

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