Shannon Dong

43 posts

CSRC steps up supervision of biggest money market funds

The CSRC wants to identify MMFs that are too big to fail – and ensure they don’t. These are the latest set of rules that form part of regulators’ efforts to ensure the financial risks associated with such funds are controllable and that a sudden mass withdrawal of money by depositors won’t destabilize money markets…
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Regulators issue measures to link China’s bond markets

Connecting China’s two bond markets to make life easier for investors and deepen market liquidity has been in the works for several years. It’s been a slow process, inevitable perhaps given the turf wars among the different supervisory bodies, but this latest announcement shows the regulatory framework and the mechanics of the linkup are finally being put in place…
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CBIRC declares victory over WMPs

These reforms are a huge success for the CBIRC. WMPs went from being a black box of financial risk to being transparent, well-regulated, and boring investment vehicles within the course of three years…
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China Aviation Cloud begins work on Nansha data port

The Nansha Data Port effort should be viewed in the context of an emerging race in China to build cross-border data exchange infrastructure. Notably, the Guangzhou government called the Nansha port China’s “first” cross-border data pilot project, but this is debatable – Hainan embarked on similar pilot in 2020 as part of the island’s FTZ, and Shanghai is also vigorously pursuing cross-border data exchange in its FTZ in Lingang New Area…
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CBIRC strengthens rules for off-site supervision of insurance companies

The growth of China’s insurance industry has been accompanied by a series of measures designed to improve supervision and oversight mechanisms. As the industry continues to expand, off-site – as opposed to on-site – supervision will play an increasingly important role in ensuring that insurers’ operations are above board and preventing the occurrence of major risk events…
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PboC outlines priorities for 2022

The central bank’s list of 2022 priorities looks an awful lot like its list of 2021 priorities. If the end of 2021 is any indication, 2022 will see increased financial support for priority areas like small businesses, innovation, and the low-carbon transition…
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