Shenzhen relaxes Qianhai finance and trade regulations
Any devolution of power allowing local authorities to be more aggressive in experimenting with financial opening should be good for foreign financial institutions…
CBIRC revising regulations on non-life insurance reserves
Improved solvency is positive for any potential further opening of the sector, as well. The more regulators feel confident in the health of the sector…
Canadian detained in China on suspicion of drug offenses
Not much is yet known about this most recent arrest, but there is not currently any evidence to suggest that it is politically motivated. However, the harsh penalties handed down to…
Canadian public sours on China
Given the treatment that the Canadian government and Canadians in general have received from China in recent months, it’s hardly surprising that public sentiment has turned. The politically motivated detention of two Canadians…
Trudeau and Trump raise detained Canadians with Xi at G20
Despite Trump and Trudeau’s entreaties, it seems unlikely that Spavor and Kovrig will be released before the Meng Wanzhou saga sees a resolution. The ongoing diplomatic snub of Canadian officials shows…
PBoC to roll out fintech “sandbox”
The concept of a “regulatory sandbox” has become increasingly popular in recent years because it would allow various jurisdictions to experiment…
End of the road for Anbang
Given the severity of Anbang’s woes, regulators will remain highly vigilant to ensure that China’s private insurance companies are tightly regulated and solidly solvent. What’s more, regulators will go to great lengths to…
S&P becomes first foreign agency to issue ratings in China
It will be an uphill battle for S&P to grow its bond rating business in China. Issuers that would likely be rated lower by the foreign firm…
China approves creation of domestically funded securities firms
This does not represent a market opening for foreigners, per se, but it does underscore that financial policymakers are seeking to…
Guangdong accelerates GBA development
While many of the initiatives have been put forward in other GBA planning documents, the timeline of the reforms looks to be accelerated…
Chinese-Canadian scientist ousted from laboratory
While the reasons behind Qiu’s termination remain unclear, it’s conceivable that mounting concern in Canada and the US about Chinese scientists conducting…
CBIRC considers widening insurers ability to invest in equities
Regulators have been considering such a move for at least a month.
CBIRC considers widening insurers ability to invest in equities
The move also reflects the gradual, ongoing loosening of the insurance sector’s ability to manage assets in a variety of ways – both to increase returns in the sector and to allow…
Insurers increase capital by RMB 76 billion in H1
These capital increases are in response to tighter supervisory requirements, new accounting standards, increased risk management needs, and…
Hong Kong auditors get access to mainland documents
This looks like a positive step towards clearing a longstanding hurdle that foreign firms have had in auditing mainland companies; however, it’s unclear how…
JP Morgan and Morgan Stanley move closer to majority stakes in Chinese JVs
The asking prices in both deals appear excessive. The high prices that the Chinese partners are demanding are a good reminder that just because regulations change…
Li Keqiang promises further market openings
Li also promised to address some of foreign companies’ biggest complaints.
CBIRC relaxes requirements for insurers to invest in trust plans
The move signals regulators’ confidence in the stability of the insurance sector.
CBIRC relaxes requirements for insurers to invest in trust plans
This is a further sign that regulators feel more comfortable that they have the insurance sector under better control. It follows from other moves in recent months, such as…
BNP Paribas looking to expand China business
In an interview with SCMP, Lai said that the recent opening of China’s capital markets has created “unprecedented opportunities” for foreign banks. Lai said that…