Browsing Category

Securities

55 posts

NAFMII launches pilot program for transition finance bonds

China is pursuing a green and low-carbon transformation of its industries, not an elimination of industries. That means traditional and heavily polluting industries are here to stay, but in a cleaner form. Transition finance – and transition bonds – provide an increasingly important funding channel for these industries, which are ineligible for green finance, to lower their carbon footprint…
View Post

CSRC denies warning foreign banks on executive pay

  • Tim Hofer
  • Posted on
Our guess is that the CSRC did meet foreign bank executives to brief them on the new guidelines and the executives then interpreted this as the CSRC intervening in internal decisions on pay, fearing they may be targeted to make some kind of contribution to support Common Prosperity. This turn of events illustrates just how jittery foreign companies have become about China’s unpredictable regulatory and business environment…
View Post

CSRC revises rules on supervision of mutual fund managers

China’s mutual fund market has seen tremendous growth over the past few years — assets under management amounted to RMB 26 trillion in the first quarter of 2022, nearly double the figure at the end of 2018. With new mutual fund managers and investors entering the market as regulators encourage competition, supervision needs to keep pace to ensure investors’ interests are protected and that the industry develops in an orderly manner that minimizes risks and the opportunity for malfeasance…
View Post

CSRC pledges more support for companies hit by pandemic to tap capital markets

The ongoing, draconian lockdown measures in China’s primary financial hub have central authorities concerned about the health of the nation’s listed companies. The CSRC’s measures to ease administrative and regulatory burdens on virus-hit industries are yet another effort by central authorities to prop up the economy amid a punishing epidemic prevention and control regime…
View Post