China

ICBC, China Everbright Bank and China Post Life Insurance violated the CBIRC's rules for handling customer complaints and reporting complaints data.

The pledge signals an easing of the year-long crackdown in the tech sector, and a move away from restrictive lending to the property sector.

Securities and futures firms will have to establish risk monitoring and early warning systems, and strengthen daily vulnerability scanning and security assessments.

The draft rules leverage good regulatory practices from the asset management industry both domestically and overseas, the CBIRC says.

Companies must comply with disclosure and governance requirements after delisting to protect investors rights and safeguard social stability.

ISDA plans to publish a legal opinion recognising China as a jurisdiction in which close-out netting can be applied, paving the way for a more diversified onshore derivatives transactions.

Regulators are discussing the logistical and operational details for a new mechanism that will enable the PCAOB to visit China for audit inspections.

The notice is aimed at facilitating the issuance of non-capital bonds with loss-absorbing capacity by Chinese D-SIBs.

Banks, insurers, brokers and foreign FIs are urged to establish licensed fund management companies. Fund investment channels will be expanded and operational rules relaxed.

The PBOC will provide banks low cost funds which they can use to support innovative technology companies and institutions providing elderly care services.