Huawei CFO begins extradition proceedings
Trivium
The course of the Meng Wanzhou case will play a decisive factor in determining the trajectory of China-Canada relations in the near- to mid-term future. The Trudeau government has resisted calls by …
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PBoC launches credit reporting system 2.0
The PBoC’s primary goal in upgrading its credit reporting system is to develop a more accurate credit profile of individuals and businesses to help lower …
PBoC announces legislative priorities for 2020
Both the LPBC and the CBL are out of date, having been originally promulgated in 1995 and amended in 2003. The new LPBC and CBL will …
Financial reformer promoted in Guangzhou
As the powerhouse of southern China, it’s not unusual for Guangdong to have at least one finance veteran as vice governor. However, the promotion of Zhang is particularly interesting because …
PBoC outlines 2020 tasks and priorities
Like with the CBIRC there were few surprises in the PBoC’s 2020 work plan. The broader framework for its policy goals had already been established …
PBoC’s trade finance platform pilots blockchain technology
This blockchain project has strong political backing, and the outcome will be a major factor in the government’s plans for blockchain applications. Foreign financial institutions should …
PBoC ups liquidity support in January
The RRR cut does not represent a significant increase in the scale or pace of policy easing, and we don’t expect it to arrest the slowdown in credit growth or do much to boost the economy. Rather, this move is a continuation of …
MoF annual work meeting outlines priorities for 2020
The meeting gave a clear signal that tax and fee reductions are set to continue in 2020 – in line with broader economic policy goals to maintain pro-active fiscal policy to support the economy, while urging officials and departments to …
New RRR cuts for rural commercial banks
As we said in previous monitors, the RRR cut does not represent a marked increase in the scale or pace of policy easing. Rather, it is in line with previous moves to support…
PBoC, SAFE clarify bond swap rules
This move should work to increase the scope of activity that investors can take part in by simplifying their access to the bond market.