CBIRC clarifies and standardizes administrative penalties
As we have noted before, building compliance and standardizing protocol has become a major objective for Chinese regulators in recent months as they look to…
Fintech partnerships come under tighter scrutiny in Beijing
While partnerships between Chinese financial institutions and tech companies are proliferating, regulators are still nervous about their…
CSRC announces timeline for lifting foreign ownership restrictions for certain financial institutions
An accelerated timeline will make relevant reforms come into play sooner for foreign businesses. The timeline’s announcement is likely a gesture of proposed reconciliation in the US-China trade dispute.
CBIRC clarifies administrative approval procedures
As we have noted previously, standardization of procedures is a key part of building compliance. The CBIRC is looking to clarify and codify the administrative…
CBIRC targets former bank chiefs to deal with financial risk
These moves underscore the fact that the financial de-risking program continues to move forward. Holding individual executives accountable is an important element…
CBIRC and PBoC release draft measures on wealth management subsidiaries and products
China’s wealth management sector continues to be in flux, as we have chronicled in monitors over the past several months. Regulators are looking to imbue more and more clarity into the sector…
MSCI moves to add STAR Market stocks to indexes
Financial market opening is not a linear process.
CSRC announces timeline for lifting foreign ownership restrictions for certain financial institutions
There is a clear consensus among policymakers that opening of the financial sector will help improve China’s markets and Chinese leadership has repeatedly promised to offer equal treatment to foreign firms.
China Zheshang Bank to debut on Shanghai Stock Exchange
China’s current IPO system requires companies to get approval from the CSRC before being eligible to list. However, China is phasing out the…
MSCI moves to add STAR Market stocks to indexes
China’s equity market is being quickly embraced by foreign market actors, as opposed to its bond market, which has yet to earn the complete confidence of foreign investors.
CBIRC aims to strengthen employee discipline
Business relationships in China often blur the line between personal and professional. The CBIRC’s drive to clarify what constitutes…
CBIRC launches crackdown on malfeasance
Once again, compliance and oversight are near the top of the agenda for China’s financial regulators. Combatting malfeasance is viewed…
CBIRC cracks down on aggressive credit card marketing towards vulnerable groups
These moves are in line with the broader regulatory trends to both protect consumer rights and to slow the growth of consumer debt. Foreign banks operating in China should ensure that their marketing practices…
PBoC trials new measures for the protection of personal data
Recent concerns about consumer privacy and illegal data collection have spurred the PBoC to clearly define what constitutes…
Mortgage reforms go into effect
Local authorities are already exercising their ability to set mortgage rates appropriate to local circumstances. Shanghai officials, for example, set initial LPR-lined mortgage rate floors at 4.65%…
Chinese companies not in danger of being delisted in US, for now
Kudlow’s dismissal of Trump administration considerations to delist Chinese firms are at the very least a positive sign that financial markets could be largely spared by the US-China trade conflict.
Yi Huiman calls for more direct financing
The recently beleaguered Chinese banking system would benefit from the increased financing proposed.
Allianz buys Goldman’s Taikang stake
The move is a further investment on Allianz’s part into its China strategy.
Former CSRC Chairman Liu Shiyu receives light punishment
Liu’s case is rare. Most officials probed for corruption are not only removed from their position and lose their Party membership…
PayPal to enter China market through local acquisition
PayPal’s entry into China represents a major development for foreign payment firms, several of whom have been stuck in regulatory limbo despite the official removal of market access barriers two years ago. PayPal is now faced with the daunting task of …