State Council relaxes regulations for foreign banks and insurers
Trivium
The revision of these regulations paves the way for the CBIRC to finalize the implementing rules for these changes in the near future.
Browsing Category
Insurance (General)
265 posts
CBIRC clarifies and standardizes administrative penalties
As we have noted before, building compliance and standardizing protocol has become a major objective for Chinese regulators in recent months as they look to…
CBIRC clarifies administrative approval procedures
As we have noted previously, standardization of procedures is a key part of building compliance. The CBIRC is looking to clarify and codify the administrative…
CBIRC and PBoC release draft measures on wealth management subsidiaries and products
China’s wealth management sector continues to be in flux, as we have chronicled in monitors over the past several months. Regulators are looking to imbue more and more clarity into the sector…
CBIRC aims to strengthen employee discipline
Business relationships in China often blur the line between personal and professional. The CBIRC’s drive to clarify what constitutes…
CBIRC launches crackdown on malfeasance
Once again, compliance and oversight are near the top of the agenda for China’s financial regulators. Combatting malfeasance is viewed…
PBoC trials new measures for the protection of personal data
Recent concerns about consumer privacy and illegal data collection have spurred the PBoC to clearly define what constitutes…
Mortgage reforms go into effect
Local authorities are already exercising their ability to set mortgage rates appropriate to local circumstances. Shanghai officials, for example, set initial LPR-lined mortgage rate floors at 4.65%…
Allianz buys Goldman’s Taikang stake
The move is a further investment on Allianz’s part into its China strategy.
CBIRC vice chairman Wang Zhaoxing steps down
After the merger of the CBRC and CIRC in 2018, vice chairmen from both organizations were brought aboard the newly formed CBIRC from their previous posts. Given the surplus of …