Amid 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.
New rules from SAFE will allow foreign employees of China-listed companies to invest domestically using funds remitted into the country from overseas.
The requirement to obtain PBOC approval for opening a corporate bank account will be scrapped nationwide by year-end, starting from 25 February.
Overseas 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.
Operators 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.
China’s central bank has set up a new macro-prudential management bureau to monitor financial systemic risks, draft rules and advise on currency issues.
Write-offs are the quickest and most direct way to reduce NPL ratios and free up the supply of credit at commercial banks.
The Bloomberg Barclays Global Aggregate Index will phase in Chinese government bonds and policy bank securities over 20 months, starting from April 2019.
New rules propose consolidating the QFII and RQFII into a single scheme, expanding the scope of investment products allowed and easing qualifying requirements for applicants.
Police officers found to be negligent in enforcing against illegal fundraising through online channels could face criminal charges.