CBIRC reviews Q2 solvency stats
Solvency in the insurance industry is beginning to stabilize after a three-year effort to clean up the sector. Another quarter of steady gains in the solvency adequacy ratio will likely underscore …
Canada names new ambassador to China
The appointment of Barton reflects the Trudeau government’s desire to improve ties with Beijing, despite Canada’s growing frustration with the Chinese. Barton has good ties in the …
Huize applies to IPO in New York
Despite a tough 2018 for many online insurance or insurance-related companies in China, such companies are set to continue to proliferate over the coming years – adding a new layer of …
CBIRC looks to crack down on malfeasance in banking and insurance
Regulators view the improvement of industry oversight and corporate governance, as well as the broader crackdown on malfeasance, as crucial elements of the financial de-risking program. Efforts to improve these aspects of …
Nomura Holdings to hire 100 mainland staff
In December 2018, the company’s CEO Koji Nagai said that Nomura is looking to China as a key market for overseas growth and indicated that …
China Re boosted by Chaucer acquisition
China Re has attributed the growth to its expansion in the life, health, and financial reinsurance businesses, as well as the addition of …
Zhong An reports H1 profits
Zhong An’s turnaround may suggest a way forward for China’s other four internet insurance companies who so far have …
Ping An’s fintech arm to consider applying for Singapore digital banking license
OneConnect’s interest in virtual banking in Singapore, coupled with the company’s recent acquisition of a Hong Kong digital banking license, suggests that Ping An is looking to make a strong move in this direction. Additionally, Ping An’s overseas expansion is a reminder that …
Deutsche Bank, BNP gain corporate debt underwriting licenses
Until now, foreign underwriters have been restricted to the panda bond market which represents only a tiny portion of RMB-denominated debt in China. This move is part of the ongoing efforts to …
CSRC vice chairman advocates reform of derivatives market
Chinese regulators have long been concerned with the speculative aspect of futures trading and have been cautious in the opening of China’s derivatives markets. These reforms are a positive step, but are …
CBIRC adjusts policy rate formula for life insurance products
The notice lowered the cap for the interest rates of liability reserves for life insurance products. The cap for policies signed after August 5, 2013, was set at the annual compound rate of …
Aviva mulls Asia exit
Aviva is considering selling part if its Asian business while most other insurance see Asia as an important market for future development
Dajia forms four new units to take over Anbang asset
As long as the Anbang restructuring is ongoing, Chinese regulators will have a stark reminder of the insurance industry’s previously wild growth right in from of them. While the industry has improved markedly over the past two years …
Senior policy advisors warn of possible “financial war”
Chinese officials are actively considering various scenarios that may play out in a protracted US-China economic conflict. A financial war is certainly one of the scenarios under consideration, but it is …
Hong Kong protests persist
The protest has not hindered the integration of GBA and may even push it further.
PBoC establishes GBA promotion group
The group aims at coordinating regulators in the fast-developing Greater Bay Area
Global stock and bond indices up inclusion factors for Chinese securities
While these moves themselves will have relatively little immediate impact on Chinese capital markets, the overall trend of Chinese inclusion in global indices will help to better integrate China into international capital markets – and drive …
PBoC unveils three-year fintech plan
Financial regulators increasingly see the development of fintech as a critical element of their efforts to improve the financial system. As such, they are putting significant support behind the …
Goldman Sachs applies for majority stake in China JV
Goldman trying to increase its current 33% stake to a majority of 51%
Reforms aim to make Shenzhen into “model city”
Shenzhen will be given more autonomy in policy making as China tries to rely less on Hong Kong