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GC Asia
Latest regulation/policy news
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The week in review: PBoC publishes digital renminbi white paper, seven regulators visit Didi for cybersecurity review, Beijing extends Tomorrow group units takeover timeline
In this round-up, the Chinese central bank releases the first white paper for its digital currency, regulators led by the Cyberspace Administration of China conduct an on-site inspection at Didi Chuxing Technology, and the takeover period of nine financial firms linked to beleaguered conglomerate Tomorrow Holding has been extended.
19 Jul 2021 -
China policy and markets round-up: Q2 GDP growth moderates, national carbon market starts trading, Tencent gets nod for $3.5bn Sogou take-private
In this round-up, China’s economic growth slows in the second quarter, Beijing launches the world’s largest carbon emission trading scheme, and the top market regulator approves Tencent Holdings’ plan to take US-listed search engine Sogou private.
16 Jul 2021 -
The week in review: PBoC announces blanket RRR cut, overseas Chinese tech IPOs face cybersecurity reviews
In this round-up, China’s central bank will cut the reserve requirement ratio for banks by 50bp, Beijing further tightens its grip on overseas IPOs of technology companies, and the top antitrust watchdog blocks Tencent Holdings’ plan to merge two of the country’s largest videogame streamers.
12 Jul 2021 -
The week in review: May industrial profit growth slows, Geely withdraws Star IPO plan, policy bank gets nod for onshore perp
In this round-up, China’s industrial profit growth moderates in May, Geely Automobile Holdings will not pursue a planned listing on the Star market in Shanghai, and Beijing approves the first onshore perpetual bond from a policy lender.
28 Jun 2021 -
The week in review: China keeps June LPR steady, Nafmii targets two bond underwriters
In this round-up, the Chinese central bank leaves the benchmark lending rate stable for the 14th consecutive month in June, and the interbank bond regulator issues a warning to an onshore bank and accuses another of allegedly breaking underwriting rules.
21 Jun 2021 -
China policy and markets round-up: May economic activity weaker than expected, Beijing tightens grip on after-school tutoring, Huarong AMC to sell stakes in seven units
In this round-up, the major indicators for economic activity in China disappoint, the after-school tutoring sector in the Mainland faces a clampdown, and indebted China Huarong Asset Management Co is reportedly looking to raise cash by offloading its holding in seven different units.
18 Jun 2021 -
China policy and markets round-up: Beijing passes law to counter foreign sanctions, Biden revokes Trump’s TikTok, WeChat bans, PBoC launches system for green finance evaluation
In this round-up, China passes a law that will enable reciprocal measures against foreign sanctions, the US president signs an executive order lifting bans on Chinese applications, and the central bank will start quarterly evaluation of the green finance performance of major lenders.
11 Jun 2021 -
The week in review: May trade data misses forecast, banks to beef up rural lending, China Everbright, Citic apply for financial holdco licences
In this round-up, China’s exports and imports grow at slower-than-expected rates in May, financial institutions will be evaluated on their performance in supporting the economic development of rural China, and two Chinese financial conglomerates plan to set up financial holding companies.
07 Jun 2021 -
China policy and markets round-up: Biden bans investment in more Chinese firms, central bank hikes FX reserve requirement, CSRC publishes whitelist for securities companies
In this round-up, US president Joe Biden signs an executive order that bans Americans from investing in Chinese companies allegedly operating in the defence or surveillance sectors, the People's Bank of China raises banks’ foreign exchange reserve requirement, and Beijing gives greater flexibility to securities companies on a ‘whitelist’.
04 Jun 2021 -
China policy and markets round-up: Beijing regulates wealth management market, Goldman and ICBC announce partnership
In this round-up, China’s banking and insurance regulator sets rules on the sale of wealth management products, and Goldman Sachs is finding fresh opportunities in the Mainland through a tie-up with its largest lender.
28 May 2021
