The plan includes measures to further open up the banking, securities, insurance, funds, futures and other financial sectors.
Foreign telecoms companies will be allowed to set up joint ventures in China to provide VPN services to foreign businesses operating in Beijing.
Foreign banks in Taiwan are no longer required to have a local chief of information security if there is a designated officer at the head office or regional level.
Under a new five-year plan for trade in services, China will upgrade CIPS and further develop cross-border payments and financing.
Arbitration courts in Beijing, Shanghai and Shenzhen will help to facilitate the resolution of disputes in the securities and futures market.
FIs will be able to lend to qualified companies to back emissions reduction projects and apply to the central bank for funding support.
More than 100 market participants participated in a second round of tests. The new exchange is expected to start trading as early as this month.
A new Smart Inspection Laboratory will develop tools to facilitate on-site inspections, off-site supervision, and market access.
Eleven overseas firms offering securities investment trust funds in Taiwan will need to set up a local risk management department by end-2022.
The FSC says standardising the breach reporting time at 72 hours will improve the efficiency of managing fraud and data theft.