PBoC cuts RRR by 0.25%
Tim Hofer
Take the PBoC at its word – this is targeted support for small firms, not broad-based stimulus. The PBoC is reluctant to guide lending rates lower unless bank funding costs drop first…
Tim Hofer
44 posts
PBoC approves first two financial holding companies under new regulatory framework
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CBIRC tweaks market entry rules for domestic, foreign financial institutions
The CBIRC’s notice is the latest in a long line of changes responding to the State Council’s requirement to cut red tape, streamline administrative procedures, and delegate power to lower-level or provincial branches of the relevant regulatory body. The key takeaway from this notice is that regulators are making the process of getting a license to do business on the mainland somewhat easier…
CSRC releases notice to stabilize equity markets, bolster sentiment
China’s financial regulators are going all out to stabilize sentiment and expectations among companies and investors amid a worrying economic slowdown fueled by stringent COVID-19 lockdowns and a string of ongoing regulatory crackdowns – most notably in the tech space. Every financial regulator has been told to get behind the FSDC’s campaign to boost the economy and markets, and as the agency responsible for supervising the equity market, the CSRC’s focus is to reassure investors and companies that they hear their concerns and want to help…