Tim Hofer

44 posts

CBIRC issues revised rules on entrusted investment of insurance funds

  • Tim Hofer
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These measures are part of the CBIRC’s long, slow slog to overhaul its regulatory regime, improve oversight and risk management, and for the insurance sector specifically, take measures that will help companies increase the return on the assets they invest and consequently the return they offer policyholders. As the government increasingly looks to the industry as a vehicle to invest the savings of individuals for the long-term, it has been gradually relaxing controls on the types of assets insurers can invest in and opening investment to specialized asset managers…  
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CSRC revises rules on supervision of mutual fund managers

China’s mutual fund market has seen tremendous growth over the past few years — assets under management amounted to RMB 26 trillion in the first quarter of 2022, nearly double the figure at the end of 2018. With new mutual fund managers and investors entering the market as regulators encourage competition, supervision needs to keep pace to ensure investors’ interests are protected and that the industry develops in an orderly manner that minimizes risks and the opportunity for malfeasance…
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CSRC pledges more support for companies hit by pandemic to tap capital markets

The ongoing, draconian lockdown measures in China’s primary financial hub have central authorities concerned about the health of the nation’s listed companies. The CSRC’s measures to ease administrative and regulatory burdens on virus-hit industries are yet another effort by central authorities to prop up the economy amid a punishing epidemic prevention and control regime…
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CCDI investigates head of PBoC monetary policy department for corruption

Sun is one of the biggest heads to roll since the CCDI launched an inspection of 25 financial regulatory agencies, state-owned banks, insurers, and state-owned asset management companies (“bad banks”) in September. The campaign took a while to get rolling, but more than 40 officials have since been probed or penalized – including 17 in April alone…
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NDRC and MofCOM expand the Catalogue of Industries Encouraging Foreign Investment

As China continues to move its economy up the value chain, high-end manufacturing and production-oriented services will continue to be a priority for foreign investment, as will China’s generally less developed western and northeast regions. The 2022 catalogue expansion shows that China still has an appetite for FDI especially when it dovetails with major national development strategies…
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