China has given powers to the provincial offices of its bank regulator to approve asset-backed securities in a bid to quicken the development of the securitisation market.
The People’s Bank of China has issued a report on RMB internationalisation, which includes confirmation of the year-end launch of its new payments system.
China will promote the listing of asset-backed securities on stock exchanges, according to a China Banking Regulatory Commission official.
The China Securities Regulatory Commission has granted approval for the first public sale of units by a real estate investment trust (REIT).
The China Securities Regulatory Commission is proposing a ceiling on margin trading at brokerages and for existing margin trade contracts to be rolled over.
MSCI is seeking the formation of a working group with the China Securities Regulatory Commission to accelerate the timeline for including mainland stocks in global benchmark indices.
Chinese banks are set to issue interbank certificates of deposit to foreign financial institutions inside the Shanghai Free Trade Zone.
Beijing is working on a new series of rules that would require foreign technology firms to give up their source code in exchange for Chinese business.
The People's Bank of China on Tuesday issued a regulation allowing financial institutions to issue large-denomination certificates of deposit to investors.
Chinese authorities are considering authorising an additional 500 billion yuan to 1 trillion yuan of local government loans for swapping into bonds.