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GC Asia
Latest regulation/policy news
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China policy round-up: WTO says US China tariffs violate trade rules, ByteDance teams up with Oracle, HK fights ‘made in China’ order
In this round-up, the World Trade Organization rules that additional tariffs imposed by the Trump administration on some Chinese goods in 2018 breached international trade regulations, ByteDance makes progress on the sale of TikTok in the US, and Hong Kong asks Washington to drop its demand for the city’s exports to be labelled as ‘made in China’.
08.45 AM -
China reforms NPL ABS as bad loans rise
The People’s Bank of China has started to allow banks seeking quotas to sell non-performing loan securitizations to shift from the old approval-based system to a registration-based system, onshore bankers told GlobalCapital China this week. The reform is set to speed up the pre-issuance phase and ease banks’ increasing pressure to dispose of bad loans.
17 Sep 2020 -
The week in review: Credit growth jumps in August, China tightens screws on financial holding firms, Microsoft loses TikTok bid
In this round-up, China’s August credit data offers a positive surprise, the government introduces greater control on domestic financial holding companies, and ByteDance rejects Microsoft’s offer for TikTok’s US operations in favour of a possible tie-up with Oracle Corp.
14 Sep 2020 -
China policy round-up: Beijing launches data security initiative, Sino-US visa war heats up, Trump vows decoupling with Mainland
In this round-up, the foreign minister announces a global data security initiative, both American journalists and Chinese students face fresh visa restrictions, and president Donald Trump says his re-election will end the US’s reliance on China ‘once and for all’.
11 Sep 2020 -
China policy round-up: Beijing supports semiconductor sector to counter Trump, India bans Baidu, Alipay, foreign ministry threatens retaliation on journalist visas
In this round-up, China plans to develop the domestic semiconductor industry amid tighter technology export controls imposed by the Trump administration, India blocks over 100 Mainland-based apps including Baidu and Alipay, and Beijing vows countermeasures if Chinese journalists fail to get their US visas renewed.
04 Sep 2020 -
Ant poses regulation dilemma to China
Bankers in China have raised concerns around regulating Ant Group, which is gearing up for a mammoth dual listing in Hong Kong and the Star board. Although the Alibaba Group Holding-backed firm calls itself a technology company, a big chunk of its revenues come from the financial sector — creating headaches due to the absence of a cohesive regulatory framework for such companies.
02 Sep 2020 -
The week in review: China’s August PMI down, BlackRock gets mutual fund nod, TikTok sale uncertain after rule change
In this round-up, China’s official Purchasing Managers’ Index (PMI) for August misses expectations by a small margin, BlackRock becomes the first global asset manager to enter the mutual fund industry onshore, and the sale of TikTok’s US operations faces new challenges as Beijing tightens technology export controls.
31 Aug 2020 -
China policy and markets round-up: Sino-US trade talks ‘constructive’, securities houses get annual ratings, Shenzhen bourse ready for WVR companies
In this round-up, senior trade officials from China and the US hold ‘constructive’ talks, the securities regulator publishes the latest ratings for Mainland brokerages, and the Shenzhen exchange hopes to attract listings from companies with weighted voting rights (WVR).
28 Aug 2020 -
The week in review: CBIRC explains bank profit plunge, ByteDance sues Trump administration, JPM China JV head exits
In this round-up, China’s banking and insurance regulator explains why banks’ profits slumped nearly 10% in the first half, TikTok’s parent ByteDance says it is suing the US government, and chairman of JP Morgan’s onshore joint venture has left to join a pharmaceutical company.
24 Aug 2020 -
China policy round-up: Trade deal review resumes, US asks universities to divest China stocks, Huawei faces more restrictions
In this round-up, China and the US are back on track to review progress of the phase one trade deal, American universities have been told to cut their China investments in their endowments, and Huawei Technologies is hit with another ban.
21 Aug 2020
