Xiaorui Zhang, Author at Trivium Finance Regs

Household deposits drop, but no sign of increased consumption

Xiaorui Zhang
Posted on August 17, 2023

With consumer and business confidence still weak, interest rate cuts are simply encouraging savers to reallocate their savings into new assets – or liability reductions – rather than breaking out the checkbook to buy fancy new toys…

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PBoC cuts three key interest rates

Xiaorui Zhang
Posted on August 17, 2023

10-15 basis point rate cuts will do little to boost the economy, even if authorities make another couple of cuts before year end. That said, since upstream deflation has pushed up the real cost of borrowing for firms, even small LPR cuts will be welcome relief for struggling businesses…

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Block trading to be introduced on Stock Connect

Xiaorui Zhang
Posted on August 17, 2023

Improvements to the Stock Connect program have been a notable bright spot vis-a-vis China’s otherwise decelerating financial opening. This is just one of numerous recent incremental moves to expand the scope of the Connect, which has become the primary access point to mainland markets for foreign investors…

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NFRA calls on insurance companies to speed up claims payments after major flooding, urges more support for water infrastructure

Xiaorui Zhang
Posted on August 17, 2023

The impact of climate change and extreme weather events is becoming a critical issue for insurers globally. However, the issue is particularly acute in China, which has experienced a significant increase in flooding and drought that’s affecting vast swathes of the country…

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Charles Li’s Micro Connect officially launches in Macau

Xiaorui Zhang
Posted on August 11, 2023

While the effectiveness of Micro Connect remains to be seen, its very existence checks two key policy boxes…

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CSDC reduces reserve requirement for securities firms

Xiaorui Zhang
Posted on August 9, 2023

Less cash sitting around in reserve accounts means more funds for securities firms to do what they do best – allocate capital…

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NFRA releases draft measures to curb illegal activity at financial firms

Xiaorui Zhang
Posted on August 8, 2023

Financial regulators and anti-corruption watchdogs have been stepping up supervision of the financial sector as the scale of illegal activity and graft has slowly been exposed by the deluge of detentions and prosecutions…

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CSRC releases interim provisions on the management of futures positions

Xiaorui Zhang
Posted on August 8, 2023

The passage of the Futures and Derivatives Law signaled Beijing’s intention to ensure that the domestic derivatives markets are properly regulated following a string of scandals that exposed the potential for trading to destabilize the broader financial markets and bring huge losses to small investors…

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July foreign financial institution approvals and specific financial opening developments

Xiaorui Zhang
Posted on August 7, 2023

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Officials outline plans to boost financing for science and tech innovation

Xiaorui Zhang
Posted on July 31, 2023

Oiling the wheels of this virtuous cycle has become a hot topic for policymakers and officials. China can’t achieve its tech self-sufficiency goals without funding, and reorienting the financial sector to meet that challenge will be a top priority for financial policymakers for the foreseeable future…

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