Regulators adjust rules governing contributions to insurance bailout fund

Following a string of high-profile scandals at major insurers in recent years that required bailouts, regulators want to ensure that the industry’s rescue fund is fit for purpose, adequately funded, and is endowed with rights befitting its role. By requiring bigger pay-ins from riskier insurers, the CBIRC can reduce the risk of moral hazard and incentivize riskier firms to get their balance sheets in order.
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PBoC, SAFE release rules to facilitate foreign investment in domestic bond market

China has been working hard to make its RMB 138.2 trillion bond market more attractive to FIIs over the past two to three years, removing obstacles that investors have complained hinder their ability to trade and make the market less appealing. But in spite of Beijing’s efforts, FIIs have been pulling money out of the market this year amid concerns that economic growth is declining, mainly as a result of the government’s zero-COVID policy.
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CBIRC releases rules to strengthen oversight of corporate group finance companies

Corporate groups are large, complex organizations. The opacity of both their ownership structures and internal oversight procedures has made their finance companies prime breeding grounds for corruption and risky practices, including irregular lending outside of the group. These rules are lengthy, comprehensive, and specific – the CBIRC means business with this document, which seeks to standardize, improve transparency, and improve regulation of internal financial services within large organizations.
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Multiple regulators issue notices on private pension system rollout

Confirmation is information – there may be nothing new here, but that means Beijing is pleased with where things are headed vis-à-vis the rollout. It’s also clear – and good news – that the various regulators involved in this massive project are coordinated and on the same page – never a given in Beijing’s financial regulatory apparatus.
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