CHINA SECURITIES REGULATORY COMMISSION

Securities / Derivatives

China Invites Foreign FIs to Test New Financial Products in FTZs

By Manesh Samtani | 28/01/2025

Approvals to establish banking, insurance, securities, futures, or fund management subsidiaries in the FTZs will take a maximum 120 days.

China to Impose New Salary Cap at State-owned FIs – Report

By Manesh Samtani | 27/01/2025

A CNY 1 million cap on annual income will be introduced at 27 state-owned financial companies, including the big five banks and the top six insurance companies.

Securities / Derivatives

Morgan Stanley Futures Unit Commences Operations in China

By Mark Johnston | 24/01/2025

Morgan Stanley is the 2nd major US firm after JPMorgan to have a derivatives unit in China, which scrapped foreign ownership caps for futures companies in 2020.

Big Picture

Chinese Regulators Should Introduce a Stewardship Code: Report

By Manesh Samtani | 24/01/2025

Fidelity International’s Flora Wang says the implementation of such a stewardship code in China would be a “decisively positive step”.

Market Infrastructure

CSRC Proposes New Algorithmic Trading Rules for Futures Market

By Mark Johnston | 23/01/2025

The CSRC has unveiled draft regulations aimed at tightening control over algorithmic trading in the futures market.

Securities / Derivatives

China Unveils Plans to Increase ‘Long-term Funds’ in Stock Market

By Manesh Samtani | 23/01/2025

The plan includes measures to encourage insurers, pension funds, and other medium- to long-term capital funds to increase their stock market investments

Securities / Derivatives

CSRC Proposes New Fundraising Rules for Listed Companies

By Mark Johnston | 22/01/2025

The CSRC has unveiled a draft of new regulations aimed at tightening the oversight of fundraising activities by listed companies.

Securities / Derivatives

Citadel Securities Lodges Licence Application with CSRC

By Mark Johnston | 22/01/2025

Citadel Securities has applied for a securities licence in China, after being unable to find a viable acquisition target last year

China to Cut Salaries in Half at Top Regulatory Bodies – Report

By Manesh Samtani | 21/01/2025

Officials at the PBOC, NFRA and CSRC will face pay cuts of between 40-60% as part of an overhaul of China’s regulatory system announced in 2023.