CHINA SECURITIES REGULATORY COMMISSION

Enforcement

China CCDI Rebukes Financial Regulators Following Inspections

By Darien Choong | 05/03/2022

Following inspections that began last October, financial regulators and state owned institutions have been directed to rectify problems identified.

Enforcement

CSRC Asks Morgan Stanley to Provide Information on US Probe

By Editors | 28/02/2022

The CSRC has reportedly given Morgan Stanley 30 days to provide details about its role in a US investigation into its block trading practices.

Securities / Derivatives

CSRC Relaxes Rules for Appointing Securities and Fund Personnel

By Darien Choong | 22/02/2022

Passing a proficiency test is no longer a prerequisite qualification for personnel with certain work experience, and educational requirements have been scrapped.

AML / KYC

China: Regulators Suspend Implementation of New CDD Rules

By Editors | 22/02/2022

The new rules were meant to take effect on 1 March, but implementation has been suspended “due to technical reasons”.

China Empowers Auditors to Obtain Financial Information from FIs

By Editors | 16/02/2022

Audit firms can inquire with FIs about the accounts and deposits of entities and individuals under audit. FIs are required to provide assistance.

Market Infrastructure

CSRC Finalises Enhancements to Shanghai-London Stock Connect

By Darien Choong | 15/02/2022

Companies listed in the UK, Switzerland and Germany and “potentially other major markets in Europe” will be able to apply to issue CDRs in China.

Market Infrastructure

China Issues Five Year Plan for Financial Standardisation

By Editors | 10/02/2022

The plan envisions the development of a financial standard system that is in line with international standards and driven by market forces, led by the government.

Securities / Derivatives

CSRC Issues New Guidance on Improving Prospectus Quality

By Darien Choong | 09/02/2022

Sponsors and securities service institutions have professional responsibilities to ensure the contents of prospectuses do not contain false or misleading information.

Securities / Derivatives

China’s Overseas Listing Rules Reduce Regulatory Uncertainty

By Daniel Tang | 09/02/2022

The rules will reduce regulatory uncertainty but they may present challenges for some firms and intermediaries while raising the cost of compliance, say Daniel Tang and Joyce He.