Securities / Derivatives

China Expands Foreign Investor Access to Exchange Bond Market

30/06/2022

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

ESG / Sustainability

Shanghai Approves Regulations to Promote Green Finance Development

30/06/2022

The regulations, effective on 1 July, will support the establishment of evaluation, identification and classification standards for green finance products and projects.

Securities / Derivatives

CSRC Issues Draft Rules on Pension Investment in Mutual Funds

28/06/2022

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.

Enforcement

China Escalates Probe into Henan Bank Withdrawal Freezes

24/06/2022

Initial investigations have revealed that the online transaction systems of the banks which suspended withdrawals were manipulated.

AML / KYC

PBOC Eases Overseas Transactions Rules for Domestic Payment Firms

23/06/2022

Domestic payments institutions can use the cross-border CNY settlement services of banks for e-commerce and ‘new models’ of foreign trade.

Crypto / Digital Assets

Taiwan Central Bank Warns Against Investing in NFT Market

22/06/2022

NFTs are not suitable for retail investors, due to a lack of regulation, liquidity, and clarity over ownership, the central bank says.

Securities / Derivatives

SSE, SZSE Issue Rules to Curb Convertible Bond Volatility

22/06/2022

Daily price limits will be implemented for listed convertible corporate bonds. Excessive volatility will result in risk warnings.

Fintech / Regtech

China Tightens Rules on Mobile App Development

21/06/2022

The new rules, which takes effect on 1 August, require mobile apps to force users to authenticate their identities.

ESG / Sustainability

Key Role for Finance in China Climate Adaptation Strategy

20/06/2022

China’s new National Climate Adaptation Strategy 2035 New Climate Adaptation Strategy encourages financial institutions to innovate and expand solutions.