CSRC issues four documents to improve stock market corporate governance, boost trust
The Chinese public has long felt the domestic stock markets are stacked against them, and rigged in favor of insiders. These measures are a step toward dismantling those perceptions…
PBoC drains liquidity to counter bond price inflation
The PBoC has repeatedly flagged its intention to relax monetary conditions this year to reduce bank funding costs and boost consumer prices – but as it does so, it wants to avoid inflating bond prices…
Government promises more stable and predictable policymaking in government work report
If executed correctly, the expanded review mechanism will improve the business environment and…
TSF grew 9.0% in February, one of the slowest monthly expansions on record
Achieving 5% growth this year will be difficult without robust credit demand. But things might not be as bad as they seem…
NFRA pursues auto industry support to boost consumption
The “new quality productive forces” campaign, codified in top Two Sessions policy guidance, will drive…
Mainland retail funds flood into Hong Kong after Wealth Connect reforms
These are precisely the right measures to jumpstart the GBA WMC. A primary issue with the WMC is…
Sichuan Trust investors finally compensated, as authorities push for bankruptcy reorganization
Nearly four years after a major default, Sichuan Trust is finally close to being restructured…
CSRC calls for more corporate dividends
The new head of China’s securities regulator (CSRC) wants A-share companies to increase dividend payouts…
PBoC Governor Pan signals more RRR cuts likely this year
Calls are mounting for more aggressive interest rate cuts to support the economy – but the PBoC has been reluctant…
Beijing sets 2024 GDP growth target at around 5%
Markets were largely disappointed with these numbers. Many observers hoped for…
2024 fiscal policy settings signal Beijing is ready to spend to support economy
This is premium content. Subscribe for access, or login below. Username or Email Password Remember me Lost your password?
Beijing to maintain accommodative monetary policy stance in 2024
This is premium content. Subscribe for access, or login below. Username or Email Password Remember me Lost your password?
A-share support measures continue, start to yield dividends
Efforts to support A-share valuations continued in February, albeit with far less intensity than in August and September when authorities first started trying to breathe life into the market.
Ant Group submits leading bid for Credit Suisse’s investment bank business in China
On February 25, Bloomberg reported that Ant Group outbid Citadel Securities for Credit Suisse’s investment bank business in China.
China’s top economic policymakers lay out new plan to boost consumption, improve profitability, and increase business investment
On February 23, the Central Commission for Financial and Economic Affairs (CCFEA) – the Party’s top economic policymaking body, chaired by Xi Jinping – met and laid out the latest plan for…
Five-year loan prime rate declines by 25 bps
On February 19, the five-year loan prime rate (LPR) – the benchmark against which residential mortgages are priced – declined 25 bps to 3.95% from 4.2%.
Chinese stock exchanges require ESG disclosures
On February 8, the Beijing Stock Exchange, Shanghai Stock Exchange (SSE), and Shenzhen Stock Exchange (SZSE) published the Guidelines for the Continuous Supervision of Listed Companies – Sustainability Reports for public comment.
A new chairman takes over the China Securities Regulatory Commission (CSRC)
On February 7, Wu Qing was made chairman of the China Securities Regulatory Commission (CSRC).
ETS interim regulations ramp up penalties for fraud, but put in question timeline for ETS unification
On February 4, the State Council released Interim Regulations on Carbon Emissions Trading, increasing penalties for fraudulent emissions accounting on the national emissions trading scheme (ETS).
Anbang Insurance looking to sell off its Annuity and P&C businesses
On February 2, Caixin reported that Dajia Insurance Group – the successor to Anbang Insurance – is looking to sell two subsidiaries.