Nomura Holdings to hire 100 mainland staff
Trivium
In December 2018, the company’s CEO Koji Nagai said that Nomura is looking to China as a key market for overseas growth and indicated that …
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Banking (General)
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Ping An’s fintech arm to consider applying for Singapore digital banking license
OneConnect’s interest in virtual banking in Singapore, coupled with the company’s recent acquisition of a Hong Kong digital banking license, suggests that Ping An is looking to make a strong move in this direction. Additionally, Ping An’s overseas expansion is a reminder that …
Deutsche Bank, BNP gain corporate debt underwriting licenses
Until now, foreign underwriters have been restricted to the panda bond market which represents only a tiny portion of RMB-denominated debt in China. This move is part of the ongoing efforts to …
PBoC establishes GBA promotion group
The group aims at coordinating regulators in the fast-developing Greater Bay Area
PBoC unveils three-year fintech plan
Financial regulators increasingly see the development of fintech as a critical element of their efforts to improve the financial system. As such, they are putting significant support behind the …
Goldman Sachs applies for majority stake in China JV
Goldman trying to increase its current 33% stake to a majority of 51%
PBoC rolls out new LPR mechanism
Unlike the current “dual track” interest rate system, the new LPR will be based on the prime interest rates of 18 banks.
China prepares to launch official digital currency
Authorities’ main purpose in developing a digital currency is to improve insight into transactions throughout the economy, as well as increasing overall control of the money supply. The digital currency should also reduce transaction costs as well as …
CBA looks to standardize WMP valuations
The new rules should help to add a measure of transparency and stability to the WMP market. As an increasing number of commercial banks look to …
SAFE officials says Libra should be treated as a foreign currency
SAFE chief accountant indicated impacts Libra might have on China’s foreign exchange management and suggested policy solutions