Financial regulators allow more institutions to participate in NPL securitization pilot
With the banking sector looking increasingly fragile, regulators are focused on finding ways to deal with bad debt in the least disruptive manner possible …
Bank of China and Bank of Communications appoint new heads
The new Bank of China president, Wang Jiang, is one of a growing number of finance industry veterans who over the past two years have taken up senior provincial leadership roles in an effort to …
Hong Kong, Macau, and Taiwan residents eligible for mainland social insurance coverage
This new plan aims to increase synchronicity in cross-border work environments and draw non-mainland residents to the mainland for employment.
FSDC discusses de-risking and financial opening
Chinese policymakers have been anxious to address troubling weaknesses among small lenders.
CBIRC issues revised rules for commercial banks’ capital replenishment instruments
The new regulations effectively raise the threshold for triggering write-downs of both perpetual bonds and preferred stock. This should help to encourage …
PBoC issues revised measures for the registration of pledged accounts receivable
The new measures should make it easier for banks to accept pledged receivables as collateral, and are part of ongoing efforts to …
CBIRC issues new corporate governance grading system for banks and insurers
As we have pointed out elsewhere, emphasis on improving corporate governance and clarifying compliance rules are an important part of the broader financial de-risking campaign and the drive to mature China’s financial system. Measures like these serve …
MSCI pressures China for greater market access
MSCI’s demand for greater market access shows the limitations of China’s cautious strategy toward opening its financial markets.
Allianz plans to buy out China joint venture
As we have pointed out in previous posts, Allianz has long been preparing for implementation of the government’s market-opening moves. The company plans to …
Shanghai introduces new rules for tech financing
The provision of capital to small and medium-sized enterprises as well as the development of key technologies have both been top priorities for Chinese policymakers in recent months. These new measures are aimed at …
PBoC and CBIRC evaluate China’s systemically important banks
This move is the latest step in to help regulators identifying weak spots in the financial system before they cause a crisis.
Ant Financial plans USD 1 billion unicorn fund for emerging markets
Foreign financial institutions will increasingly have to compete with Chinese fintech giants both in China and in third-country markets.
China Everbright Bank gets new president
Before taking up his position at China Everbright Bank, Liu worked at ICBC for many years before being appointed vice president of …
PBoC releases annual Financial Stability Report
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Chongqing Rural Commercial Bank and Xiaomi get go-ahead for joint venture consumer finance firm
Xiaomi is indicative of the wider trend of China’s technology companies looking to get into financial services. The company has been looking to …
Chubb agrees to buy huge stake in Huatai
In March, the CBIRC approved Chubb to buy shares in Huatai up to 26.2%, surpassing Junzheng Energy & Chemical Group to become …
CBIRC issues new rules on insurance asset management products
In line with similar regulatory efforts in recent months, these measures seek to make better use of the capital base within the insurance industry in order to boost …
CBIRC releases draft of rules on equity management of trust companies
In recent months, regulators have made standardization and corporate governance a top priority as they seek to de-risk and impose uniform standards on China’s financial sector. A major part of this drive focuses around …
AIA brings on former top Ping An exec as CEO
Lee’s onboarding is likely a precursor to accelerating AIA’s expansion in China. Additionally, Lee may be able to draw on Ping An’s fintech experience to …
Beijing BIRC strengthens interbank management business
Regulators are increasingly focused on strengthening oversight of China’s interbank markets, where China’s smaller commercial banks receive much of their funding. The risks of this system have been …