28 Dec 2019

This is the latest step in the PBoC’s policy to drag the interest-rate system into the 21st century, make it more responsive to market supply and demand, and push lending rates lower. Although the new LPR benchmark was …


28 Dec 2019

National People’s Congress revises Securities Law

These long-awaited amendments to the Securities Law are aimed at making China’s stock markets more transparent and market-driven, to give more protection to investors, especially smaller players, and to …


27 Dec 2019

PBoC issues implementation measures on financial consumer rights protection

As disposable income increases and the government encourages consumers to invest in financial products, regulators are working to improve consumer protection and confidence. The financial sector has …


26 Dec 2019

MoF annual work meeting outlines priorities for 2020

The meeting gave a clear signal that tax and fee reductions are set to continue in 2020 – in line with broader economic policy goals to maintain pro-active fiscal policy to support the economy, while urging officials and departments to …


26 Dec 2019

AIA to convert Shanghai branch to wholly owned subsidiary

In China, establishing a subsidiary – as opposed to a branch of a foreign company– enables a company’s China operations to function as an independent entity, broadening the scope of operations it may legally undertake, while allowing …


26 Dec 2019

CBIRC codifies inspection rules

Until now, the CBIRC has been conducting on-site inspections without a guiding procedural framework. The new rules will …


26 Dec 2019

Village banks set to increase local focus

The new requirements are meant to prevent village banks from expanding recklessly and increasing their activities in the interbank market to avoid fueling financial risk. They are also aimed at …


26 Dec 2019

Former chairman of Hengfeng Bank given suspended death sentence for corruption

Hengfeng Bank, one of 12 national joint-stock commercial banks, has had a rough couple of years and is currently being restructured by the government. The bank’s troubles are not all due to …


25 Dec 2019

CBIRC issues revised administration rules for foreign-funded banks

The latest revisions to the administrative rules are in line with government policy to open up the banking sector further to foreign participation, and address complaints about limits on foreign banks’ expansion. The changes also …


24 Dec 2019

Regulators meet to discuss overhauling how bond defaults are handled

As the number of onshore bond defaults grows, regulators will need to bring greater efficiency and clarity to the debt restructuring process. The meeting represents the latest effort to …


23 Dec 2019

Nomura securities joint venture begins operation

Nomura has said the Shanghai-based joint venture will operate brokerage, investment consulting, proprietary trading, and asset management businesses within the next four to five years, and intends to…


23 Dec 2019

Another CBIRC regulator taken down over Baoshang Bank

Jia is the latest regulatory official from the Inner Mongolia CBIRC office to fall in the wake of the Baoshang Bank takeover. Investigations have uncovered widespread corruption surrounding the …


21 Dec 2019

China’s digital currency continues to move forward

These are the latest comments by a PBoC official to try and squash speculation that DCEP will be similar to a crypto-currency like bitcoin. That may be a disappointment for crypto enthusiasts, but it is …


20 Dec 2019

Amundi approved to launch wealth management joint venture

The joint venture aims to leverage Amundi’s extensive international investment management capabilities and the BoC’s branding and distribution channels to serve …


20 Dec 2019

BlackRock, Temasek agree to wealth management JV with China Construction Bank

These are just the latest foreign companies to jump on the wealth management bandwagon in China. CCB is one of the big four state-owned banks, and, as we have highlighted in previous monitors, it has established …


20 Dec 2019

CBIRC considers removing limit for banks to sell bonds to insurers

Lowering the criteria for banks to sell perpetual bonds to insurance companies should provide a bigger market for the debt as the government encourages banks to …


19 Dec 2019

PayPal completes acquisition of Chinese payments company

As we commented in our previous analysis of this development in October, the Chinese online payments market is dominated by domestic firms such as WeChat Pay and Alipay. Foreign payments firms will face an uphill battle trying to …


19 Dec 2019

Hengfeng Bank to receive RMB 100 billion bailout

Hengfeng is yet another small regional lender that’s effectively being bailed out by the state, a sign of mounting problems in the banking industry exposed by …


19 Dec 2019

Shenzhen issues “socialist pilot zone” action plan

Despite nominally being an elaboration on the State Council’s original policy, the new work plan is still light on specific information as to what shape these reforms might take. However, Shenzhen’s development as a …


18 Dec 2019

JPMorgan wins business license for its majority-owned securities company

In recent months, a number of foreign banks have applied for or received permission to open majority-controlled securities businesses or to …


  • Sectors

  • Hot Topics

  • Institutions

  • Places