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Latest regulation/policy news
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The week in review: Beijing slaps record antitrust fine on Alibaba, regulators open up Hainan’s financial sector
In this round-up, China’s top antitrust watchdog fines Alibaba Group Holding a record Rmb18.23bn ($2.78bn) for monopolistic practices, and regulators announce measures to develop and open the financial services sector in the Hainan Free Trade Port.
12 Apr 2021 -
China policy round-up: Beijing cracks down on regional financial institutions, Hainan FTP access rules ease up, Guangzhou reveals ambitious GBA development plan
In this round-up, the State Council flags up risks at regional financial institutions in China, measures have been announced to relax market access in the Hainan Free Trade Port, and the Guangzhou government details a plan to develop the financial industry and support cross-border businesses in the Guangdong-Hong Kong-Macao Greater Bay Area.
09 Apr 2021 -
China moves to reform onshore ratings industry
Five Chinese regulators have drafted new guidelines for domestic credit rating agencies, attempting to reform an industry that has faced renewed criticism in recent months. Addison Gong reports.
31 Mar 2021 -
The week in review: Jan-Feb industrial profits soar, regulators tighten grip on rating firms, local governments to step up debt risk control
In this round-up, profits at industrial firms in China surge for the first two months of the year, onshore credit rating agencies face increased scrutiny, and local governments are required to manage debt risks at local state-owned enterprises in a better way.
29 Mar 2021 -
China policy and markets round-up: Beijing sets action plan to hit 2021 targets, PBoC sends dovish credit policy message, CSRC punishes Haitong over risk control
In this round-up, China’s State Council assigns tasks to different regulatory bodies to implement the government’s goals for this year, the central bank confirms its policy stance of ‘no sharp turns’, and Haitong Securities is punished for allegedly failing to control risks.
26 Mar 2021 -
The week in review: Central bank leaves LPR unchanged, rejigs monetary policy committee, Sino-US dialogue reveals ‘significant disagreements’
In this round-up, China leaves the benchmark lending rates steady yet again, the central bank’s monetary policy committee gets a reshuffle, and senior foreign policy officials from Beijing and Washington fail to agree on key issues at a high-stakes meeting.
22 Mar 2021 -
China policy and markets round-up: Economists upgrade China’s 2021 growth forecast, Vanguard hits pause on mutual fund application, Luckin seeks restructuring, equity deal
In this round-up, economists expect China’s GDP to grow at a faster pace than previously forecasted, Vanguard decides to take a step back from its plan to establish a wholly-owned fund management company in the Mainland, and Luckin Coffee pushes forward a debt restructuring and a potential equity investment deal.
19 Mar 2021 -
The week in review: China posts strong economic data, FCC blacklists Huawei and four telecom peers, UBS increases JV stake
In this round-up, China publishes a set of strong economic data for the first two months of the year, five Chinese telecommunications companies including Huawei Technologies are blacklisted in the US for posing a national security threat, and UBS is boosting its holding in its onshore securities joint venture to 67% from 51%.
15 Mar 2021 -
China policy and markets round-up: Premier defends 2021 growth target, exports surge in Jan-Feb, CSRC to tighten Star listing rules
In this round-up, Chinese premier Li Keqiang defends Beijing’s ‘above 6%’ annual GDP growth target, China’s exports soar during the first two months of the year, and the securities regulator is reportedly planning to increase scrutiny on IPOs in Shanghai’s Star market.
12 Mar 2021 -
China policy and markets round-up: CBIRC chief warns against inflow risks, issuers move to exchange market for carbon neutrality bonds
In this round-up, smaller Chinese firms see the slowest growth in manufacturing and services activity since mid-2020, the head of the Chinese banking and insurance regulator is wary of bubbles bursting in foreign markets, and the onshore sale of the so-called ‘carbon neutrality bonds’ moves from the interbank market to the smaller exchange market.
05 Mar 2021
