Regulation & Policy - All Articles
China policy round-up: Xi’s speech disappoints, PBoC back to open market operations, China lowers holdings of US Treasuries
In this round-up, Chinese president Xi Jinping’s speech at the celebration of China’s reform and opening up offered no concrete promises, the People’s Bank of China reopened the seven-day reverse repo after 36 days of suspension, and China dropped its holding of US government bonds for the fifth consecutive month.
The decision to further postpone the ETF Connect between China and Hong Kong offers an opportunity to improve the mutual recognition of funds (MRF) scheme. In a recent report, Ernst & Young and the Hong Kong Investment Funds Association offered the authorities some suggestions.
The week in renminbi: stricter ID rules for Stock Connect, China November FDI falls, Beijing confirms cuts to import tariff for US cars
Regulators agreed to impose a tighter identification regime for southbound trading of Stock Connect, foreign direct investment (FDI) into China dropped for the third month, and the Ministry of Finance (MoF) confirmed temporary import tariff cuts for automobiles from the US.
China policy round-up: SFC shelves ETF Connect, Chinese VCs to receive more tax cuts, China-HK expand economic cooperation
In this round up, Hong Kong's Securities and Futures Commission put an ETF link on hold, venture capital funds will get more tax cuts, and Hong Kong signed up to the fourth closer economic partnership agreement with the Mainland.
China policy round-up: Trade war truce brews more uncertainties, China upgrades cooperation in Latam, CFFEX plans to lift bans on stock-index futures trading
In this round-up, Trump was confident China would deliver on promises from G20 dinner, China signed several cooperation agreements in Panama and Argentina, China Financial Futures Exchange (CFFEX) planned to lift bans on trading stock-index futures to boost market activity.
The week in renminbi: US offers 90-day tariffs truce, Bloomberg obtains broader Chinese interbank bond market access, UBS gets approval for majority control of China JV
In this round-up, Donald Trump and Xi Jinping agreed to hold back from new tariffs for 90 days, Bloomberg received the green light from China Foreign Exchange Trade System (Cfets) to become the new trading platform for Bond Connect and CIBM Direct, and UBS obtained approval to acquire a majority share of onshore joint venture UBS Securities.