03 Jun 2019

Ma Xingrui promises to push ahead with integration

It shouldn’t surprise anyone that Guangdong officials are pulling out all the stops to make an integrated GBA a reality. As one of Beijing’s key initiatives at the moment, local government…

02 Jun 2019

CSRC Chairman gives interview on China’s capital markets

This interview, along with Yi’s previous comments, suggests to us that Yi has a strong mandate to push through capital market reform. The fact that Yi is so focused on this area…

31 May 2019

CBIRC approved increases in registered capital of six insurance companies

On May 31, the CBIRC approved an increase in registered capital of six insurance companies: …

30 May 2019

Nansha FTZ to open three new cross-border financial entities

The establishment of these three entities reflect Guangzhou’s desire to compete with Shenzhen in financial services and is a good example of how the GBA is …

30 May 2019

Orient Securities acquires Citi’s 33.3% share of Citi-Orient Securities

The episode is indicative of two current trends in the financial services sector in China. The first is that every major foreign player is looking to position itself to best…

29 May 2019

SAFE official urges caution on cross-border financial services

Sun’s comments have implications beyond offshore online financial services. They are a reminder that, while most high-level officials have clearly indicated their desire to push forward with financial sector opening…

29 May 2019

MoF cuts taxes for life insurers

The new policy should be a major boon to the bottom line of life insurers, who typically spend a lot on handling charges and commissions. The insurance industry has …

25 May 2019

GBA rolls out USD 20 billion to connect Guangzhou to Hong Kong

Physical connection and integration of the GBA is an important element for creating a unified market and financial ecosystem. Faster travel times to Guangzhou will help…

24 May 2019

PBoC operationalizes deposit insurance fund of RMB 10 billion

Regulators are going to great lengths to ensure that the ripple effects from the Baoshang Bank takeover are contained. Still, the fact that the episode gave regulators an impetus to…

24 May 2019

Baoshang Bank takeover dominates June

Regulators have been at pains to convince markets that the Baoshang case is a one-off development – driven in large part by the illegal actions of its…

24 May 2019

CBIRC released draft measures to allow insurance companies to communicate with policyholders via email

The new rules will make it easier for insurance companies to communicate with their policyholders. It will also advantage firms with …

24 May 2019

Pacific Life Re appoints new Greater China head

Chan Keng Hong was announced as Pacific Life Re’s new head of Greater China operations. While based in Singapore, Chan will be responsible for …

24 May 2019

Talbot to close China and Australia offices

This move seems to be in keeping with Lloyd’s drive toward leaner operations and greater profitability. Last year, Talbot closed its …

19 May 2019

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 …

28 Apr 2019

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

12 Apr 2019

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.

12 Apr 2019

Intesa Sanpaolo subsidiary obtains investment fund sales license

Established relationships in Qingdao helped Intesa Sanpaolo to get approval quickly

11 Apr 2019

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.

11 Apr 2019

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

10 Apr 2019

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.

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