10 Sep 2019

Vice Premier Liu He meets with Citigroup CEO Michael Corbat

Chinese policymakers have shown an increased willingness to sit for such one-on-one meetings with foreign CEOs in recent months, in order to show their openness to the foreign business community amid the …


10 Sep 2019

China abolishes QFII and RQFII quotas

The scrapping of QFII and RQFII quotas is unlikely to have a significant effect on portfolio investment into China. At the end of August, only USD 111.4 billion of the QFII program’s USD 300 billion quota had been used. The QFII and RQFII schemes have been …


09 Sep 2019

Hong Kong insurance connect placed on hold

Hong Kong’s on-going protests were also likely a factor in the decision to postpone the rollout of the insurance connect. The protests are already affecting Hong Kong’s insurance industry, with sales of Hong Kong insurance products to …


09 Sep 2019

CBIRC enhances supervision of affiliated parties

The CBIRC’s attempts to impose greater oversight on affiliated entities is in keeping with the broader efforts of financial regulators to disentangle the ambiguous relationships between parent companies and their subsidiaries. Such ambiguity has previously provided …


09 Sep 2019

CCCDR focuses on improving key financial infrastructure

The fact that the CCCDR discussed these issues highlights that top policymakers are still highly focused on improving the financial system – and ensuring that it does a better job of financing real economic growth. Foreign financial institutions operating in China should …


06 Sep 2019

Canada seeks WTO consultation with China over blocked canola export

Canada’s initiation of formal WTO procedures indicates growing frustration with China and is a further indication that …


06 Sep 2019

CSDC looks to expand QFII clearing participation to brokerages

This broadening of participation in the clearing of QFII transactions is a necessary step toward implementing the proposed changes to the program that the CSRC released in January. It is yet another concrete move by regulators to …


06 Sep 2019

PBoC ups liquidity support in September

The RRR cut does not represent a marked increase the scale or pace of policy easing. Rather, it is in line with previous moves to support bank liquidity as policymakers urge banks to lend more aggressively to small, private companies. We expect liquidity to …


06 Sep 2019

Li Keqiang reiterates promise of financial sector opening

In their interactions with international visitors, top leaders have been keen to reiterate and reinforce the opening message. This, combined with the opening measures that have …


05 Sep 2019

Trudeau sharpens criticism of China

Trudeau’s comments mark a hardening of his rhetoric toward China. The recent uptick in rhetorical acrimony is reflective of the impasse that has …


05 Sep 2019

SAFE allows three brokerages access to the interbank forex market

This is the first time in over four years that SAFE has allowed new brokerages into the domestic interbank forex market. Counting the new additions, there are now five non-bank participants in the market, with the previous two …


05 Sep 2019

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 …


04 Sep 2019

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 …


04 Sep 2019

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 …


04 Sep 2019

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 …


03 Sep 2019

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 …


03 Sep 2019

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 …


03 Sep 2019

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 …


03 Sep 2019

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 …


02 Sep 2019

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 …


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