Foreign workers in China will be required to submit their personal credit information, including from activities in other countries, to the national credit system in order to obtain loans.
There are significant opportunities for cross-border collaboration and integration across the Greater Bay Area, the FinTech Association of Hong Kong says in a new report.
China's foreign exchange regulator has developed an open blockchain platform to help address the inefficiencies of cross-border trade finance.
Under an updated MoU, the Shanghai Stock Exchange and SIX Swiss Exchange to explore the feasibility of developing a stock connect programme.
An MoU sign by the SZSE and SET this week will facilitate the development of cross-border products such as ETFs, depositary receipts, indices and green finance products.
Hong Kong fund managers are asking for Shanghai and Shenzhen to be included in the list of overseas markets approved for MPF investment.
Goldman Sachs and its Chinese partner Gao Hua Securities have agreed to an administrative settlement of 150 million yuan for internal control breaches.
The Shanghai Stock Exchange and Japan Exchange Group have signed an ETF Connectivity Agreement to streamline investment in the each other’s markets.
The first seven funds have been approved by the CSRC to invest in stocks on Shanghai’s new science and technology innovation board.
China’s Cyber Security Law requires firms to keep personal and ‘important data’ onshore, but uncertainties around the rules and implementation timeline remain.