Li Wenhong takes helm of Shenzhen CBIRC
After spending eight years at the PBoC, Li served successively as the CBRC’s deputy director and then director of policy research…
Singapore banks gain access to China interbank bond market
Government engagement and cooperation will prove key for businesses looking to seize opportunities in the China market.
PBoC, SAFE clarify bond swap rules
The move should increase access to the bond market and encourage more professional investors to engage with the market.
State Council relaxes regulations for foreign banks and insurers
The amended regulations put forth by the State Council open China’s financial markets to drastically increased levels of foreign participation.
New RRR cuts for rural commercial banks
As we said in previous monitors, the RRR cut does not represent a marked increase in the scale or pace of policy easing. Rather, it is in line with previous moves to support…
PBoC, SAFE clarify bond swap rules
This move should work to increase the scope of activity that investors can take part in by simplifying their access to the bond market.
State Council relaxes regulations for foreign banks and insurers
The revision of these regulations paves the way for the CBIRC to finalize the implementing rules for these changes in the near future.
Shanghai executives of Ping An Bank targeted in graft probe
The Party’s internal disciplinary organization identified the financial sector as a particular focus of its anti-corruption work in 2019.
Société Générale plans to set up a wholly-owned securities subsidiary
Global banks will need to adjust their strategies to keep pace with an increasingly accessible China.
Ministry of Justice solicits comments on Implementing Rules of new Foreign Investment Law
The comment period represents an opportunity for firms and chambers of commerce to provide feedback, and Beijing is likely to listen.
Ministry of Justice solicits comments on Implementing Rules of new Foreign Investment Law
Beijing is genuinely concerned about foreign business leaving China.
Macau proposes offshore yuan “Nasdaq”
Any Macau-based stock exchange will have its work cut out for it as it competes with more established financial centers nearby. Nonetheless, high demand for tech financing may allow…
CBIRC clarifies and standardizes administrative penalties
As we have noted before, building compliance and standardizing protocol has become a major objective for Chinese regulators in recent months as they look to…
Fintech partnerships come under tighter scrutiny in Beijing
While partnerships between Chinese financial institutions and tech companies are proliferating, regulators are still nervous about their…
CSRC announces timeline for lifting foreign ownership restrictions for certain financial institutions
An accelerated timeline will make relevant reforms come into play sooner for foreign businesses. The timeline’s announcement is likely a gesture of proposed reconciliation in the US-China trade dispute.
CBIRC clarifies administrative approval procedures
As we have noted previously, standardization of procedures is a key part of building compliance. The CBIRC is looking to clarify and codify the administrative…
CBIRC targets former bank chiefs to deal with financial risk
These moves underscore the fact that the financial de-risking program continues to move forward. Holding individual executives accountable is an important element…
CBIRC and PBoC release draft measures on wealth management subsidiaries and products
China’s wealth management sector continues to be in flux, as we have chronicled in monitors over the past several months. Regulators are looking to imbue more and more clarity into the sector…
MSCI moves to add STAR Market stocks to indexes
Financial market opening is not a linear process.