China
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403CSRC Seeks to Control Speculation on Shanghai’s New Tech Board
Editors, Regulation Asia February 15, 2019Amid concerns of volatility when the new board launches, Chinese regulators reportedly convened a meeting with industry participants seeking views on measures to control market hype.
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371China Eases Rules for Expat Stock Incentive Programmes
Editors, Regulation Asia February 14, 2019New rules from SAFE will allow foreign employees of China-listed companies to invest domestically using funds remitted into the country from overseas.
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628PBOC to Scrap Approval Process for Corporate Bank Account Opening
Editors, Regulation Asia February 13, 2019The requirement to obtain PBOC approval for opening a corporate bank account will be scrapped nationwide by year-end, starting from 25 February.
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473China Encourages Foreign Firms to Issue Panda Bonds
Editors, Regulation Asia February 12, 2019Overseas non-financial enterprises will be able to issue panda bonds within one year of registering with NAFMII, and use the proceeds either in China or abroad.
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441China Toughens Penalties for Underground Banks
Editors, Regulation Asia February 12, 2019Operators of underground banks engaging in illegal forex trading and cross border transfers will face up to 5 years imprisonment, more in the most serious cases.
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474
PBOC Sets Up New Bureau to Oversee Financial Regulation
Editors, Regulation Asia February 4, 2019China’s central bank has set up a new macro-prudential management bureau to monitor financial systemic risks, draft rules and advise on currency issues.
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454China Banks Wrote Off Bad Debt Worth $146bn in 2018
Editors, Regulation Asia February 1, 2019Write-offs are the quickest and most direct way to reduce NPL ratios and free up the supply of credit at commercial banks.
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374
Bloomberg Indices to Include Chinese Local Currency Bonds from April
Editors, Regulation Asia February 1, 2019The Bloomberg Barclays Global Aggregate Index will phase in Chinese government bonds and policy bank securities over 20 months, starting from April 2019.
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587China to Expand Scope, Ease Requirements for QFII, RQFII Schemes
Editors, Regulation Asia February 1, 2019New rules propose consolidating the QFII and RQFII into a single scheme, expanding the scope of investment products allowed and easing qualifying requirements for applicants.
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333
Chinese Supreme Court Directs Police on Illegal Fundraising Crackdown
Editors, Regulation Asia January 31, 2019Police officers found to be negligent in enforcing against illegal fundraising through online channels could face criminal charges.
