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
Guo Shuqing holds inter-ministerial meeting on illegal fundraising
Insurance companies are under particular scrutiny since selling fake insurance has been a major means of illegal fundrasing
GBA plan trickles down through Guangdong government
Guangdong government holds symposia and study sessions around the Greater Bay Area policy
Morgan Stanley expands investment in mainland JV
Morgan Stanley waiting for approval to increase its ownership stake and be the largest shareholder of its onshore mutual fund and securities JVs.
Regulators move to strengthen IP pledge financing
The government has been pushing IPPF for a few years now, but it has yet to have an appreciable impact on lending. Recent months have seen increased …