CBIRC okays insurance companies to use derivatives
The CBIRC’s decision to allow insurance companies to use derivatives is the latest sign indicating that authorities feel that they now have the sector under control and are thus willing to …
Growing expectations of an “insurance connect” for GBA
Insurance connect, as well as the established stock and bound connects are likely to bring the two market closer and allow more foreign investment in China
Key policymakers continue to tout financial opening
Regulators have recently demonstrated commitment to moving forward with broader opening, signalling a response to geopolitical pressures but also domestic momentum.
Intesa Sanpaolo subsidiary obtains investment fund sales license
Established relationships in Qingdao helped Intesa Sanpaolo to get approval quickly
Guo Shuqing and other top CBIRC officials hold meeting with insurance companies
A reminder of how close regulators are to the state-owned insurance companies.
Prudential, Generali, Manulife, and AIA looking to enter China pension sector
Prudential and Generali are in processe of getting approval to enter China pension market
ICBC-AXA Life asset management subsidiary to open in first half of the year
After four years of waiting, ICBC-AXA Assets Management Company is finally approved and will soon be operating.
Beijing set to offer more channels for outbound portfolio investment
Domestic and foreign entities can now apply for QDII and RQD through their investment management institutions established in Beijing
Shenzhen launches two new GBA stock indices
Two new indices will track performance of companies in Greater Bay Area with the purpose of increase financial integration
NDRC encourages investment in fintech
Fintech sector may see increased policy support in the coming years
Bank of China HK established Macau fund to invest in GBA projects
The fund will accept subscriptions in the form of MOP, HKD, USD, RMB, with the aim to bring greater financial integration
Guangdong eases limits on cross-border car plates in integration push
More companies will be allowed to have business vehicles plates for free travel in GBA
Canola exporters are victims of bilateral tensions
Another Canadian canola exporter received complaint from Chinese authorities as the bilateral tensions continue.
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