GBA pilots new driving license scheme
In its current form, the GBA licensing scheme is very limited in scope, essentially allowing only for transit from Hong Kong or Macau to the mainland by way of the other territory…
High-ranking personnel reshuffle among stateowned financial institutions
Chen Xiaozhou will take over as head of China Construction Bank University. This is effectively a demotion, and signals that…
CSRC looks to relax rules on equity investments for insurers
The measures are aimed to ensure sufficient liquidity in the equity market by galvanizing medium and long-term investors.
Allianz wins new Shanghai license
The shift from granting merely market access to issuing full business licenses shows that market opening is genuinely happening.
Top leaders consistently reiterate opening message
Leaders are keen to assuage the fears and anxiety of multinational corporations weary of breaches of trust.
Qianhai tipped for cross-border insurance innovation center
The move marks a step towards greater integration of the insurance industries in Hong Kong and Guangdong. However, the limited scope of insurance products available to participate…
CBIRC to further standardize structured deposit services
The issuance of structured deposits has recently become a popular method for small banks in China to obtain wholesale financing. Given the rapid issuance of such products, however, regulators have felt the need to…
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…