CHINA SECURITIES REGULATORY COMMISSION

Enforcement

Regulators Order Ant Group to Establish Financial Holding Company

By Manesh Samtani | 12/04/2021

Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.

Fintech / Regtech

JD Digits to Set Up Financial Holding Company: Report

By Sanday Chongo Kabange | 12/04/2021

The financial holding company will be separate from JD Digits’ other technology businesses, and is aimed at achieving compliance with new rules for China’s fintech sector.

Market Infrastructure

China to Open Foreign Access to Hainan Financial Services Sector

By Sanday Chongo Kabange | 12/04/2021

Foreign FIs will be encouraged to establish joint venture banks with local firms. Foreign investors will be allowed to invest in financial products issued by Hainan FIs.

Market Infrastructure

Shenzhen Stock Exchange Merges Main, SME Boards

By Sanday Chongo Kabange | 10/04/2021

The merger will enable companies to better leverage the capital market for growth and improve overall efficiency, the SZSE said.

Capital / Liquidity

Shanghai Bourse Tightens Scrutiny Over Bond Issuance

By Sanday Chongo Kabange | 10/04/2021

The SSE has launched onsite inspections to bolster the quality of information disclosure and due diligence by underwriters.

Securities / Derivatives

BlackRock Paves Way for Mutual Fund Business in China

By Editors | 07/04/2021

BlackRock has withdrawn its private fund manager registration to pave the way for the launch of its new wholly-owned mutual fund unit in China.

AML / KYC

China Issues Draft Rules on Beneficial Ownership Identification

By Editors | 03/04/2021

FIs will be required to verify the identities of all ultimate beneficial owners of accounts opened and maintained for all customers.

Securities / Derivatives

CSRC to Explore Creation of Domestic Exchange for Overseas Firms

By Editors | 02/04/2021

Talks for the new exchange are reportedly in early stages. A time frame and location have not yet been decided.

Securities / Derivatives

China Proposes Tighter Rules for Credit Rating Agencies

By Sanday Chongo Kabange | 30/03/2021

The proposed rules seek to strengthen supervision of credit rating agencies, improve their independence and quality controls, and ensure more realistic ratings.