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%…
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CBIRC strengthens on-site inspection framework

Chinese regulators continue to push for greater compliance across the financial industry as concerns about undisclosed problems mount in the wake of the Baoshang Bank takeover and similar issues at other regional banks. Regulators view onsite inspection, as well as building greater regulatory discipline…
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Hong Kong insurance connect placed on hold

Hong Kong’s on-going protests were also likely a factor in the decision to postpone the rollout of the insurance connect. The protests are already affecting Hong Kong’s insurance industry, with sales of Hong Kong insurance products to …
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