GC Asia
Latest regulation/policy news
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China policy round-up: Top anti-corruption regulator focuses on local government debt, Shanghai welcomes more tech firms and MNCs, Guangdong to launch futures exchange
In this round-up, Chinese premier Li Keqiang encourages local government bond issuance, the Central Commission for Discipline Inspection plans to investigate corruption around local government debt, and Shanghai is working to grow the Star board and attract more foreign investment into the city.
17 Jan 2020 -
Trade war diaries: phase one deal appeals to the financial industry
In the phase one trade deal signed on Wednesday between the US and China, the majority of the agreements focusing on the financial sector are simply reiterations and elaborations of what the Mainland government has already said. But there are now some concrete deadlines in place to open up the domestic market further to foreign firms.
17 Jan 2020 -
China opens up exchange bond market further to banks
The majority of the banks in China, as well as foreign banks, can now trade bonds listed on the Shanghai and Shenzhen stock exchanges, according to new guidelines published on Wednesday. But the appeal of this option remains questionable.
16 Jan 2020 -
Safe eases onshore FX derivs hedging for foreign investors
The State Administration of Foreign Exchange (Safe) will allow foreign investors to participate directly in the interbank FX derivatives market so they can hedge their foreign exchange risks from investing in onshore renminbi bonds, according to a Monday notice.
14 Jan 2020 -
China policy round-up: phase one trade deal coming, Safe deputy chief heads to Guangdong, State Council urges more support for SMEs
In this round-up, Chinese vice premier Liu He will visit Washington DC next Monday until Wednesday, the State Administration of Foreign Exchange sends its deputy administrator to Guangdong and the Financial Stability and Development Committee reaffirmed the importance of small and medium-sized enterprises.
10 Jan 2020 -
Chinese leasing industry prepares for regulatory shake-up
The China Banking and Insurance Regulatory Commission (CBIRC) published draft rules for the country’s leasing industry on Wednesday. The tighter supervision is likely to have limited impact on large leasing companies, but could drive out the smaller ones.
09 Jan 2020 -
China policy round-up: Xi goes to Macau, securities law to get fourth reading, PBoC offers monetary easing signal
In this round-up, Chinese president Xi Jinping headed to Macau for the 20th anniversary of the handover, the National People’s Congress will hold a fourth reading of the Securities Law next week and the People’s Bank of China (PBoC) has lowered the 14-day reverse repo rate.
20 Dec 2019 -
China policy round-up: Trump said to sign trade deal, China wraps up annual economic planning meeting, Macau to become contingency plan for Hong Kong
In this round-up, US president Donald Trump reportedly signed the phase one trade deal on Thursday, China concluded the Central Economic Work Conference and the Mainland government is set to turn Macau into a financial hub with new policies.
13 Dec 2019 -
China needs to get going on TLAC bonds
Crédit Agricole bagged a total loss-absorbing capacity eligible senior preferred Panda bond in China last week — the first of its kind onshore. But the confusion it created shines a light on a market that is still in dire need of education around these new structures. With Chinese banks set to come under pressure soon to issue their own TLAC-eligible bonds onshore, rapid change is needed before time runs out.
10 Dec 2019 -
China sets rules for banks’ wealth management subsidiaries
The China Banking and Insurance Regulatory Commission (CBIRC) published the first set of capital requirements for banks’ wealth management subsidiaries on Monday, with the rules set to go into effect on March 1 next year.
03 Dec 2019
