NFRA Archives - Trivium Finance Regs - China financial regulations

NFRA launches action plan to develop Shanghai into an international financial center

Silvie Mei
Posted on June 20, 2025July 8, 2025

China’s authorities have been striving to develop Shanghai into a bona fide international financial center for almost 20 years, but progress has been slow. However, the urgency of those efforts …

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Finance ministry grants accounting reprieve to struggling insurers, offers simplified rules for smaller firms

Silvie Mei
Posted on June 8, 2025July 8, 2025

The finance ministry is taking a pragmatic approach to accounting reform by acknowledging that a one-size-fits-all timeline risks destabilizing financially weak insurers. These reprieves offer smaller players …

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NFRA to cut insurers’ risk-weighted capital requirements to boost stock market investment

Silvie Mei
Posted on May 9, 2025May 30, 2025

This move supports Beijing’s oft-stated goal of increasing the role of long-term investors in the stock markets, but the timing is aimed at supporting stock prices in the short term, as tariffs start to bite. That said, cutting capital requirements…

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PBoC, NFRA update regulations overseeing bank card clearing companies

Silvie Mei
Posted on May 2, 2025May 30, 2025

These updates did little to address key obstacles facing potential foreign entrants. For example, national security review requirements for foreign investors remain…

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Bank confirmation systems to be localized

Silvie Mei
Posted on May 2, 2025May 30, 2025

The move to centralize and digitize confirmation data could offer Chinese financial regulators an enhanced, system-wide view of financial flows, capital movements, and potential audit red flags – particularly among large private enterprises. However, while the notice sets a clear direction for digital transformation…

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Financial regulators liberalize financial activities permitted in free trade zones

Emma Ding
Posted on January 23, 2025January 24, 2025

One of Beijing’s reform priorities is the “high-level opening” of China’s economy. The goal is to ensure foreign firms continue to invest in China and retain their presence in the domestic market…

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Pilot program allows selected insurers to invest in gold

Emma Ding
Posted on January 23, 2025March 27, 2025

Granting insurers permission to invest in gold will allow them to diversify their investment portfolios and improve returns, especially given that…

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Top financial regulators slash staff pay in half

Emma Ding
Posted on January 16, 2025March 27, 2025

Policymakers made it clear in the 2023 Party-state restructuring plan that the salaries of financial regulators would be aligned with those of other civil servants and urged…

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NFRA beefs up financial institutions’ data management requirements

Emma Ding
Posted on December 28, 2024January 24, 2025

This measure reflects the NFRA’s concerns around rapid digitization in the financial services sector…

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PBoC issues draft revisions to regulations overseeing bank card clearing companies

Emma Ding
Posted on December 28, 2024January 24, 2025

The latest draft revisions may disappoint those hoping for greater openness in China’s bank card clearing sector. Several issues affecting foreign enterprises’ competitiveness remain unresolved…

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NFRA

NFRA launches action plan to develop Shanghai into an international financial center

Finance ministry grants accounting reprieve to struggling insurers, offers simplified rules for smaller firms

NFRA to cut insurers’ risk-weighted capital requirements to boost stock market investment

PBoC, NFRA update regulations overseeing bank card clearing companies

Bank confirmation systems to be localized

Financial regulators liberalize financial activities permitted in free trade zones

Pilot program allows selected insurers to invest in gold

Top financial regulators slash staff pay in half

NFRA beefs up financial institutions’ data management requirements

PBoC issues draft revisions to regulations overseeing bank card clearing companies

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