Mainland and HK SAR adopt agreement on arbitrary assistance arrangement
The agreement will allow parties in arbitration proceedings in Hong Kong to apply to mainland courts for interim measures.
CBIRC budget increases by 7.9%
CBIRC budget is relatively small and grows slowly
CSRC budget increases by 11.8%
Budget increases in a fast pace as CSRC pushes on capital market reform
CBIRC to focus on insurance intermediaries
Insurance companies are required to carry out self-examinations and local CBIRC branches will conduct spot checks.
First nation-wide insurance standards formally implemented
817 terms in all aspects of the industries have been defined.
Barclays includes Chinese bonds in global index
Barclays will add 363 securities in its global index as China continue accelerating financial opening
JP Morgan, Nomura, and Credit Suisse obtain majority ownership in securities companies
JP Morgan Chase and Nomura are approved to establish majority ownership of securities companies, as China seeks financial opening
Guo Shuqing holds inter-ministerial meeting on illegal fundraising
Insurance companies are under particular scrutiny since selling fake insurance has been a major means of illegal fundrasing
GBA plan trickles down through Guangdong government
Guangdong government holds symposia and study sessions around the Greater Bay Area policy
Morgan Stanley expands investment in mainland JV
Morgan Stanley waiting for approval to increase its ownership stake and be the largest shareholder of its onshore mutual fund and securities JVs.
Regulators move to strengthen IP pledge financing
The government has been pushing IPPF for a few years now, but it has yet to have an appreciable impact on lending. Recent months have seen increased …