CBIRC scraps foreign ownership limit on insurance asset management companies
The elimination of foreign ownership caps on insurance asset management companies is a welcome development for overseas insurers with operations in China…
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CBIRC strengthens rules governing insurers’ equity investments and corporate governance
The measures reflect the CBIRC’s continuing concerns about governance and management in the insurance sector after a series of scandals over the past few years…
CBIRC relaxes credit rating requirements for insurers’ investments in bonds
As China’s regulators continue to expand the scope of investment targets for insurance funds…
Financial regulators study 6th Plenum and Xi’s speech
Apart from formally ushering in the New Era of Xi Jinping, the 6th Plenum nailed down on paper what has been evident for some time…
NAFMII launches pilot program for overseas entities to issue social and sustainability bonds
This pilot program kills several birds with one stone – it further opens up…
PBoC, HKMA announce joint fintech sandbox
As financial connectivity within the GBA gradually picks up steam, Hong Kong…
CBIRC authorizes insurance funds to invest in REITS
In recent months, the CBIRC has gradually expanded the range of products eligible for investment by insurance funds to channel…
Consolidation of banking sector continues as Henan lender leads another provincial merger
China’s regional commercial banks and rural lenders have been a source of endless problems for regulators…
PBoC, SAFE issue draft of plans to develop offshore international trade
This draft notice underlines Beijing’s desire to establish more of this type of cross-border administrative and financial business within mainland China to push the country up the trade value chain…
CBIRC releases annual corporate governance assessments for banks and insurers
Since China’s financial de-risking campaign began around five years ago, policymakers and regulators have increasingly focused on improving corporate governance…