PBoC mulls enhanced oversight for financial holding companies
PBoC would classify non-financial firms with operations that encompass two or more financial industries as “financial holding companies” and would require them to seek licenses
Beijing CBIRC strengthens supervision of commercial bill market
With the recent slowdown of the economy, the bills market has grown quickly – as businesses rely more and more on short-term bridge financing in the face of financial strains. Regulators are likely to …
CBIRC issues new rules for ownership of unlisted banks
The new rules are an effort to increase transparency and improve overall equity management. They come after a nationwide inspection of rural credit cooperatives in April which exposed problems with …
CBIRC ramps up offsite inspection for property insurers
These issues are a reminder that China’s insurance industry has long been plagued by questionable business practices…
FSDC announces 11 financial opening measures
Top-level authorities continue to signal that financial opening measures will accelerate in the coming months. As we have noted previously, authorities see the current period of time as…
China mulls scrapping QFII quotas
The scrapping of the quotas for these programs would represent an important symbolic step toward opening.
Exodus of ZhongAn executives continue as co-CEO steps down
ZhongAn’s performance is being watched closely by the domestic insurance industry. Insurtech is a relatively new concept overall, and is…
Shenzhen relaxes Qianhai finance and trade regulations
Any devolution of power allowing local authorities to be more aggressive in experimenting with financial opening should be good for foreign financial institutions…
CBIRC revising regulations on non-life insurance reserves
Improved solvency is positive for any potential further opening of the sector, as well. The more regulators feel confident in the health of the sector…
Canadian detained in China on suspicion of drug offenses
Not much is yet known about this most recent arrest, but there is not currently any evidence to suggest that it is politically motivated. However, the harsh penalties handed down to…
Canadian public sours on China
Given the treatment that the Canadian government and Canadians in general have received from China in recent months, it’s hardly surprising that public sentiment has turned. The politically motivated detention of two Canadians…
Trudeau and Trump raise detained Canadians with Xi at G20
Despite Trump and Trudeau’s entreaties, it seems unlikely that Spavor and Kovrig will be released before the Meng Wanzhou saga sees a resolution. The ongoing diplomatic snub of Canadian officials shows…
PBoC to roll out fintech “sandbox”
The concept of a “regulatory sandbox” has become increasingly popular in recent years because it would allow various jurisdictions to experiment…
End of the road for Anbang
Given the severity of Anbang’s woes, regulators will remain highly vigilant to ensure that China’s private insurance companies are tightly regulated and solidly solvent. What’s more, regulators will go to great lengths to…
S&P becomes first foreign agency to issue ratings in China
It will be an uphill battle for S&P to grow its bond rating business in China. Issuers that would likely be rated lower by the foreign firm…
China approves creation of domestically funded securities firms
This does not represent a market opening for foreigners, per se, but it does underscore that financial policymakers are seeking to…
Guangdong accelerates GBA development
While many of the initiatives have been put forward in other GBA planning documents, the timeline of the reforms looks to be accelerated…
Chinese-Canadian scientist ousted from laboratory
While the reasons behind Qiu’s termination remain unclear, it’s conceivable that mounting concern in Canada and the US about Chinese scientists conducting…
CBIRC considers widening insurers ability to invest in equities
Regulators have been considering such a move for at least a month.
CBIRC considers widening insurers ability to invest in equities
The move also reflects the gradual, ongoing loosening of the insurance sector’s ability to manage assets in a variety of ways – both to increase returns in the sector and to allow…