SAFE official urges caution on cross-border financial services
Sun’s comments have implications beyond offshore online financial services. They are a reminder that, while most high-level officials have clearly indicated their desire to push forward with financial sector opening…
MoF cuts taxes for life insurers
The new policy should be a major boon to the bottom line of life insurers, who typically spend a lot on handling charges and commissions. The insurance industry has …
GBA rolls out USD 20 billion to connect Guangzhou to Hong Kong
Physical connection and integration of the GBA is an important element for creating a unified market and financial ecosystem. Faster travel times to Guangzhou will help…
PBoC operationalizes deposit insurance fund of RMB 10 billion
Regulators are going to great lengths to ensure that the ripple effects from the Baoshang Bank takeover are contained. Still, the fact that the episode gave regulators an impetus to…
Baoshang Bank takeover dominates June
Regulators have been at pains to convince markets that the Baoshang case is a one-off development – driven in large part by the illegal actions of its…
CBIRC released draft measures to allow insurance companies to communicate with policyholders via email
The new rules will make it easier for insurance companies to communicate with their policyholders. It will also advantage firms with …
Pacific Life Re appoints new Greater China head
Chan Keng Hong was announced as Pacific Life Re’s new head of Greater China operations. While based in Singapore, Chan will be responsible for …
Talbot to close China and Australia offices
This move seems to be in keeping with Lloyd’s drive toward leaner operations and greater profitability. Last year, Talbot closed its …
CBIRC okays insurance companies to use derivatives
The CBIRC’s decision to allow insurance companies to use derivatives is the latest sign indicating that authorities feel that they now have the sector under control and are thus willing to …
Growing expectations of an “insurance connect” for GBA
Insurance connect, as well as the established stock and bound connects are likely to bring the two market closer and allow more foreign investment in China
Key policymakers continue to tout financial opening
Regulators have recently demonstrated commitment to moving forward with broader opening, signalling a response to geopolitical pressures but also domestic momentum.
Intesa Sanpaolo subsidiary obtains investment fund sales license
Established relationships in Qingdao helped Intesa Sanpaolo to get approval quickly
Guo Shuqing and other top CBIRC officials hold meeting with insurance companies
A reminder of how close regulators are to the state-owned insurance companies.
Prudential, Generali, Manulife, and AIA looking to enter China pension sector
Prudential and Generali are in processe of getting approval to enter China pension market
ICBC-AXA Life asset management subsidiary to open in first half of the year
After four years of waiting, ICBC-AXA Assets Management Company is finally approved and will soon be operating.
Beijing set to offer more channels for outbound portfolio investment
Domestic and foreign entities can now apply for QDII and RQD through their investment management institutions established in Beijing
Shenzhen launches two new GBA stock indices
Two new indices will track performance of companies in Greater Bay Area with the purpose of increase financial integration
NDRC encourages investment in fintech
Fintech sector may see increased policy support in the coming years
Bank of China HK established Macau fund to invest in GBA projects
The fund will accept subscriptions in the form of MOP, HKD, USD, RMB, with the aim to bring greater financial integration
Guangdong eases limits on cross-border car plates in integration push
More companies will be allowed to have business vehicles plates for free travel in GBA