Regulation & Policy - All Articles
China policy round-up: CBIRC publishes foreign bank rules, PBoC suspends open market operations for 26 days, Spain and China deepen financial ties
In this round-up, the China Banking and Insurance Regulatory Commission (CBIRC) published 18 new regulations for foreign banks in China, the People’s Bank of China (PBoC) has not injected money through reverse repo for a number record number of days and Spain and China sign MoU for closer financial collaboration and potential Panda bonds.
The week in renminbi: Allianz gets green light for Wfoe, foreign bond investors receive more tax exemptions, PBoC Shanghai supports private enterprises
Welcome back to our Monday newsletter. In this round-up, Allianz gets approval for first wholly foreign-owned enterprise (Wfoe) in the insurance sector, foreign bond investors will receive tax exemptions, and PBoC Shanghai branch is lifting lending quotas to help small and private enterprises.
China policy round-up: PBoC renews swap line with Indonesia, exchanges make progress on suspension rules, China issues new FTZ rules
In this round-up, People’s Bank of China (PBoC) signs a currency swap with Indonesia, Shanghai and Shenzhen Stock Exchanges publish rules to limit the length of trading halts, and the Chinese authorities publish new rules to boost the domestic free trade zones (FTZs).
US president Donald Trump may be the loudest critic of Chinese policy, but he is far from the only one. The European Chamber of Commerce (Eurocham) tells GlobalRMB that ‘optimism is slowly turning to cynicism’ as China stalls on its reform promises.
The week in renminbi: Individual investors can purchase local government debt, China and Russia tighten trade connections, Stock Connect celebrates fourth anniversary
In this round-up, wealthy Chinese individual investors now have access to local government bonds, Russian and Chinese leaders in the financial industry are meeting to strengthen mutual market access, and northbound trading volume via Stock Connect reached Rmb8.77tn.
China policy round-up: BRI still driven by Chinese policy spending, China-Singapore relations get a boost, UK renews RMB swap line
The Belt and Road Initiative is still bankrolled by Chinese government spending, China and Singapore upgrade their trade agreement, and the Bank of England renews a currency swap line with China.
The week in renminbi: Amex gets green light onshore, traders can use existing accounts for London Connect, SGX sees surging A50 futures trading
In this round up, American Express (Amex) becomes the first global credit card firm to receive an onshore RMB settlement licence, Chinese traders using the new London-Shanghai Stock Connect are not required to open new accounts, and the Singapore Exchange (SGX) sees a 91% annual growth in its China stock index futures.
China policy round-up: all eyes are on China’s private sector, CSRC improves stock suspension rules, State Council promises better business environment
State officials provide strong verbal commitment to private sector development, the China Securities Regulatory Commission promises more stringent stock trading suspension rules, and China’s State Council says it will enhance the domestic business environment for domestic and foreign companies.
The week in renminbi: Market rebounds after Xi and Trump’s call, Xi promises further reforms at Shanghai import expo, Dubai International Financial Centre signs MoU with China Banking Association
FX and equity markets jump as a possible US-China trade deal is back in sight, Chinese president Xi Jinping promises more developments on free-trade zones and a registration-based stock system, and the Dubai International Financial Centre takes action to expand Chinese institutions’ access to the Middle East Africa and South Asia (MEASA).
China policy round-up: China offers verbal support to private enterprises, Australia strikes official BRI agreement, Xi and Trump talk trade
In this round-up, Chinese president Xi Jinping promises more support for the private sector, Australia’s state of Victoria becomes the first in the country to support the Belt and Road Initiative (BRI), and Xi and US president Donald Trump discuss trade on a phone call ahead of their meeting at the G20 later this month.