China’s “bad banks” to get a new owner
Emma Ding
The AMCs did not disclose the rationale for the transfers. However, the move aligns with Beijing’s broader strategy, announced in 2023, to…
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Financial Holding Companies
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China Investment Corporation appoints new Party secretary
Chenyu Xu
On November 13, Zhang Qingsong, 59, was appointed Party Secretary of China Investment Corporation Ltd. (CIC), China’s sovereign wealth fund…
PBoC publishes administrative measures for related-party transactions of financial holding companies
Jibingxin Han
Much of China’s financial regulation in recent years has been a reaction to the aforementioned high-profile scandals that …
PBoC issues draft measures on related party transactions of financial holding companies
David Zhang
These measures represent another step in building a regulatory framework to manage FHCs, reducing financial risks associated with them, and bringing them under closer oversight following…
New China Trust ok’d to enter bankruptcy proceedings
Xiao Jianhua was money man to some of China’s most elite families, so we may never know the true nature of his offense. What we really want to know is what Xiao told investigators, and whether he cut a deal for his cooperation
CSRC revises pre-IPO evaluations for STAR Market
Trivium
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