Alex Yang

47 posts

CBIRC seeks public feedback on new rules for country risk management of banking institutions

  • Alex Yang
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Given Chinese banks’ increasing involvement beyond China’s borders, particularly in countries that have relatively unstable political and economic contexts, regulators in Beijing see it as imperative that banks shore up the way they evaluate country risk. This is yet another measure aimed at bringing China’s financial regulations more closely in line with international standards…
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CSRC issues administrative measures for the securities brokerage business

  • Alex Yang
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China’s securities sector has a bad reputation among domestic investors due to scandals involving a range of bad behavior, including misleading sales tactics, fraud, and unethical conduct. To be sure, regulators themselves are partly to blame because of their relatively lax oversight and weak protection of investors’ rights…
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CBIRC releases draft measures aimed at standardizing commercial banks’ custody business

As China’s financial system grows and becomes increasingly complex, it is critical that policymakers put the legal framework in place to underpin that system. As such, over the past few years, financial regulators have released numerous measures like these aimed at solidifying various regulatory frameworks and bringing them more closely in line with international practice…
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Shenzhen Stock Exchange launches trial of GBA bond platform

This new GBA Bond Platform (not to be confused with the GBA Bond Connect) represents yet another effort to increase financial connectivity in the GBA region and  tap into sources of cross-border funding. The fact that the pilot involves RMB products issued in Hong Kong suggests the initiative is also linked to efforts to internationalize the Chinese currency. We will continue to monitor the platform’s development…
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CBIRC issues new rules on consumer protection for banking and insurance institutions

These measures are the latest in a long line of regulations issued by the central bank and the CBIRC to improve protection for consumers of financial products and ensure that the business practices of banking and insurance institutions do not take advantage of their customers. Financial literacy in China is weak and consumers have frequently fallen victim to unscrupulous sales practices and promises of fool-proof investments, not to mention the illegal collection and sale of personal data…
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CBIRC holds annual work conference

  • Alex Yang
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The CBIRC and the rest of the financial regulatory apparatus do deserve kudos – as they often remind us – for their achievements over the past half-decade. They’ve cleaned up serious financial risks – with, for the most part, minimal disruption to the economy…
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