Applications will be open from 1 August. Fubon Financial and CTBC Financial have reportedly expressed interest in the licence.
Foreign institutional investors permitted to participate in the interbank bond market are also allowed to participate in both the SSE and SZSE's exchange bond markets
The regulations, effective on 1 July, will support the establishment of evaluation, identification and classification standards for green finance products and projects.
Under a new scheme, private pension funds can invest in mutual funds. Initially, only mutual funds with at least CNY 50 million of assets are eligible.
Initial investigations have revealed that the online transaction systems of the banks which suspended withdrawals were manipulated.
Domestic payments institutions can use the cross-border CNY settlement services of banks for e-commerce and 'new models' of foreign trade.
NFTs are not suitable for retail investors, due to a lack of regulation, liquidity, and clarity over ownership, the central bank says.
Daily price limits will be implemented for listed convertible corporate bonds. Excessive volatility will result in risk warnings.
The new rules, which takes effect on 1 August, require mobile apps to force users to authenticate their identities.
China’s new National Climate Adaptation Strategy 2035 New Climate Adaptation Strategy encourages financial institutions to innovate and expand solutions.