Shanghai Stock Exchange names new Party secretary
Qiu’s views on financial markets appear to align closely with Beijing’s broader ambitions – including the many initiatives currently underway. Both increased regulatory supervision and…
PBoC releases exchange rate management report
Beijing is confident in its exchange rate policy. This report signals that the tried-and-true mix of light-touch intervention and “reasonable” market fluctuations is here to stay.
PBoC releases RMB internationalization report
Over the last couple of years, Beijing has elevated RMB internationalization as a policy goal. It’s slow going, but a regular flow of supportive reforms – as well as growing international RMB use fueled by Western sanctions on Russia over its invasion of Ukraine – will ensure further progress.
PBoC releases derisking report
Much of the corruption, opacity, and shoddy credit evaluation that has plagued China’s financial industry for decades has indeed been substantially ameliorated in recent years. And it’s high time. As growth slows, it’ll become harder to hide financial risks.
PBoC outlines key priorities for developing onshore bond market
Improving the bond – and equity – market’s ability to channel funding to cash-starved, innovative private firms is key to Beijing’s tech development plans. To date, there’s little progress to speak of despite the PBoC’s insistence.
September foreign financial institution approvals and specific financial opening developments
Allianz discussing onshore expansion; Goldman Sachs reduces China workforce; Bank CEOs testify before US Congress…
PBoC to expand digital yuan pilot
This provincial-level expansion will likely become the roadmap for the e-CNY’s national launch – the PBoC runs e-CNY pilots in important regional cities first and then…
CSRC approves launch three ETF options contracts
Financial regulators need to provide more derivative products to attract long-term, institutional money to China’s capital markets as sophisticated investors demand diversified risk management tools for their portfolios…
PBoC issues draft measures on related party transactions of financial holding companies
These measures represent another step in building a regulatory framework to manage FHCs, reducing financial risks associated with them, and bringing them under closer oversight following…
CSRC issues revisions to Futures Exchange Administrative Measures
China’s financial system has grown at unprecedented scale and speed over the past decade and regulation and oversight have often failed to keep pace. Beijing wants…
He Chunlei to take over as chairman of China Re
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HKMA CEO hints at expansion of GBA Wealth Management Connect
The Greater Bay Area WMC has generated significant interest in its first year of operation with 35,600 investors having taken part and a total of RMB 1.45 billion worth of transactions. Yue’s comments suggest…
Hengqin lures listcos with cash incentives
Along with measures announced in July to attract the semiconductor industry to the zone, these measures seek to…
CBIRC issues Q2 review of insurance industry solvency
In addition to bringing China’s insurance industry into line with global standards on solvency and risk prevention, C-ROSS II aims to…
Zhang Qingsong appointed PBoC deputy governor following departure of Chen Yulu
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Qianhai and Hong Kong roll out measures to attract venture capital
The new measures look to widen the channels for cross-border capital flows between the mainland and Hong Kong in a bid to create a more robust venture capital ecosystem. They aim to…
Big banks lower personal deposit rates after LPR cut in win for PBoC’s new monetary policy approach
The cuts signal that deposit rates are reacting to policy rate changes – and that the PBoC’s new approach is working. The real question is…
PBoC details past-year achievements, lays out longer-term goals
The central bank has done a fine job reining in financial sector risk over the past five years. But…
CSRC vice chair calls for increased financial opening
China’s financial markets have opened further this year. But that opening is increasingly one-sided…
Exchanges expand onshore derivatives access for foreign investors
This is yet another substantive measure in China’s cautious financial opening…