ICBC, CCB Approved to Commence Private Pension Trials

30/11/2021

The banks will pilot new wealth management products across four selected cities to help address China’s retirement savings gap.

ESG / Sustainability

Taiwan to Improve Timeliness of Annual Reports, Strengthen Disclosures

29/11/2021

Annual reports will have to be filed at least 7 days before shareholder meetings. The quality of sustainability disclosures will also be improved.

China Announces Raft of Regulatory Changes for Insurance Sector

29/11/2021

Requirements on the perpetual bond issuance have been revised and credit rating requirements for bond investments have been eased.

Fintech / Regtech

Taiwan FSC to Ease Rules on Automatic Portfolio Rebalancing

29/11/2021

Automated execution of portfolio rebalancing transactions will be allowed, subject to the rebalancing thresholds agreed by clients being reached.

Enforcement

China Cracks Down on Online ‘Influencers’ for Tax Evasion

27/11/2021

Fines against two influencers comes as China cracks down the entertainment and livestreaming industries, including in the securities sector.

Enforcement

CBIRC Orders Banks to Strengthen Risk Controls

25/11/2021

Insufficient assessment of potential business risks and a lack of core management systems and control measures have surfaced, the CBIRC said.

AML / KYC

Taiwan FSC Increases Limits on Digital Deposit Accounts

24/11/2021

The FSC is increasing the transfer limits for digital deposit accounts opened at bank teller counters to enhance customer convenience.

Fintech / Regtech

Blockchain Projects Featured in Beijing Innovation Trials

24/11/2021

Four of the selected projects, out of 51 submitted, are based on blockchain. One selected project seeks to use the digital yuan in securities trading.

CBIRC Urges Banks to Advance Supply Chain Finance Reforms

23/11/2021

Banks are asked to strengthen risk management in supply chain finance transactions through industry research, risk monitoring, and new technologies.