CHINA SECURITIES REGULATORY COMMISSION

Securities / Derivatives

CSRC Offers Reassurances to Foreign Institutional Investors – Report

By Editors | 02/02/2022

CSRC vice chairman Fang Xinghai told global banks and asset managers to expect a “positive surprise” on Sino-US capital markets cooperation by June.

AML / KYC

PBOC Finalises CDD Rules, Launches Nationwide AML Campaign

By Manesh Samtani | 27/01/2022

New rules effective from 1 March impose stricter requirements on beneficial owner identification and verification, including for non-bank financial firms.

Securities / Derivatives

Global Banks Seeking Clarity on China’s Overseas IPO Rules – Report

By Editors | 26/01/2022

An industry body has reportedly represented to the CSRC that global banks need more clarity on its new rules for domestic companies seeking overseas IPOs.

Market Infrastructure

China Issues Foundational Rules to Connect Bond Markets

By Darien Choong | 25/01/2022

Participants will be able to access the interbank and exchange-traded bond markets without having to open separate accounts.

Market Infrastructure

CSRC Proposes to Enhance Securities Settlement System

By Darien Choong | 19/01/2022

The draft rules enable DvP settlement for proprietary and custody businesses involving institutional investors by linking securities transfers to cash payments.

ESG / Sustainability

Deutsche Börse, GFEX to Cooperate on Carbon Market Development

By Editors | 19/01/2022

Deutsche Börsem, including European Energy Exchange, will explore opportunities to cooperate with and Guangzhou Futures Exchange to develop green finance products and services.

Securities / Derivatives

CSRC Proposes Tougher Rules for Major Money Market Funds

By Editors | 18/01/2022

Money market funds with more than CNY 200 billion in net assets, or more than 50 million investors, will have to strengthen risk management and set aside additional risk reserves.

Securities / Derivatives

CSRC Issues Testing Standards for Securities, Futures Apps

By Editors | 17/01/2022

The standards set out the requirements for testing the security of mobile internet applications used in the securities and futures industry.

Enforcement

China Anti Graft Probe Ensnares China Life Chairman

By Editors | 16/01/2022

The probe is rumoured to be linked to Hu Huaibang, the former chairman of China Development Bank who was sentenced to life in prison in January 2021 on corruption charges.