Foreign financial institution approvals and specific opening developments (January-February 2026)
David Zhang
Standard Chartered; BNP Paribas; HSBC; Citibank
David Zhang
136 posts
PICC Group to appoint new vice president
On December 9, Caixin reported that Zhao Rong, chief risk officer (CRO) of Bank of China Ltd. (BOC), is expected to be appointed the vice president of People’s Insurance Company (Group) of China Ltd. (PICC Group).
NFRA cuts insurers’ capital requirements to boost stocks
Cutting capital requirements will not, on its own, prompt insurers to raise equity allocations. We expect authorities to pair the rule change with “window guidance” to…
Economic policy to focus on structural issues in 2026
Growth in 2026 will be “okay,” but outperformance is unlikely. Fiscal policy will support where necessary, but will…
Local governments slow in disbursing pre-school education subsidies amid fiscal strain
Local implementation gaps risk neutralizing the policy’s intended impact, limiting both the relief to households and the hoped-for boost to consumption. If local governments can’t execute even modest matching-fund programs…
CSRC chairman flags support for more foreign investment in capital markets
Since early 2023, regulators have been working to reposition capital markets – especially equities – from the margins of the growth model to a…
More financial sector executives face disciplinary probe
The removal of these insurance and banking executives suggests that heightened regulatory scrutiny of China’s financial sector is set to continue. MNCs and foreign investors should monitor compliance risks closely…
Huaxin Trust enters bankruptcy reorganization proceedings
Huaxin still faces a long road to resolve its massive debt obligations, but it’s likely to survive with…
Foreign financial institution approvals and specific opening developments (November 2025)
Fidelity; BNP Paribas; Huafu International
China, Indonesia expand local currency settlement links
By promoting the use of local currencies in both capital markets and everyday retail investments, Beijing is slowly…