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CBIRC abruptly suspends bond quote data feeds

  • Alex Yang
  • Posted on
The abruptness and opacity of the move won’t help engender trust in China’s financial regulatory apparatus – something that’s a key goal for policymakers – nor is it an encouraging sign for foreign financial firms operating on the mainland, either…
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China creates two new Party-led financial planning commissions

  • Alex Yang
  • Posted on
Xi Jinping was clearly unhappy with the ability of the existing institutional structure to deal with mounting financial risks – including property and local government debt on the domestic side, and sanctions on the international side – and wanted the Party more firmly in control. Xi himself is likely to head the CFC, as he does the other four Party commissions…
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CBIRC calls for financial firms to “return to their roots”

  • Alex Yang
  • Posted on
Over the past five years, regulators have dismantled shadow banking, recapitalized problematic banks, and in general made the financial system far less risky. Recent developments have led us to believe that the next few years will be similarly tumultuous, however the focus on cleaning up the excesses of the system will diminish…
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State Council to overhaul financial regulatory system

  • Alex Yang
  • Posted on
We expect the reforms will change the way Beijing approaches financial regulation, concentrating prudential supervision with the PBOC while building a new, robust agency focused on supervising the conduct of all financial institutions outside of the securities sector…
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