Guangdong opens investment in elderly-care
The open of elderly-care market of Guangdong may be a test for further open the market of mainland
JPMorgan and Morgan Stanley claim majority stakes in JVs
JPMorgan won the bid with RMB 241.3 million to claim 2% share from its JV partner, making JPMorgan the first foreign company to have majority control of a mutual fund in China.
Ping An in talks to buy Huaxia Life
Ping An is trying to expand its market in China by buying part of Huaxin life
Health premiums see rapid growth in China
Health insurance premiums had grown by a third as Chinese people worry more about healthcare expenses recently
Financial regulators to release assessment rules for SIFIs
The new rules continue to improve the previous regulations for Systemically Important Financial Institutions
July Politburo meeting signals no policy loosening
H2 may see a slight increase in liquidity support but financial support will remain at its current level
Nomura to open new China JV brokerage by the end of the year
Nomura will be the second foreign company to have majority control in brokerage.
PBOC sets priorities for H2
The PBoC teleconference indicated that financial sector opening will continue, so as the de-risking and support to SMEs
Banks urged to control property lending
PBoC urges lenders to prioritize loans to the manufacturing sector and rein loans offered to the property sector.
Shenzhen forex regulators okay Qianhai reforms
Shenzhen pushes foreign exchange reform by broadening the scope of financing options for enterprises
CBIRC mulls new rules on foreign investment in insurance
Revision of the regulations governing foreign insurance companies is a crucial, practical step that regulators must take to allow more foreign investment…
Party committees hold ideological study sessions
While this study campaign may seem esoteric, it is co-opting time at all levels of the government – including all of the major financial regulators. Essentially, the campaign is an effort to…
AIA opens Tianjin and Hebei operations
AIA has been approved to add two more operations to its current seven operations in Mainland China
Qi Xinzheng under investigation for corruption
CCDI, CBIRC and Jiangsu Province’s anti-corruption agency announced that Qi Xinzheng, head of CBIRC Fujian office, was under investigation for “serious disciplinary violations”
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.