CHINA SECURITIES REGULATORY COMMISSION

Market Infrastructure

JPM Asset Management Approved to Sell HK Funds in China

By Editors | 30/01/2019

Two of JPMorgan’s Hong Kong funds have been approved for distribution in China under the Mutual Recognition of Funds scheme.

Market Infrastructure

CSRC Grants QCCP Status to Major Futures Exchanges

By Editors | 29/01/2019

The CSRC says the move demonstrates China’s active promotion of the CPMI-IOSCO Principles for Financial Market Infrastructures and its intent to internationalise its futures markets.

China Appoints Veteran Banker to Head Securities Regulator

By Editors | 28/01/2019

In an unexpected reshuffle, ICBC chairman Yi Huiman has replaced Liu Shiyu as head of the China Securities Regulatory Commission.

Securities / Derivatives

China to Grant More Foreign Firms Majority Ownership in Securities

By Editors | 28/01/2019

“In the next six months you will see more licences being granted,” CSRC vice chairman Fang Xinghai told Bloomberg on the the sidelines of the World Economic Forum in Davos.

Market Infrastructure

China Approves Plan for New ‘Nasdaq-Style’ Tech Board in Shanghai

By Editors | 25/01/2019

Authorities have reportedly already approached potential IPO candidates for the SSE’s new science and technology board. Draft listing rules are expected as early as this month.

Market Infrastructure

China, Germany Enhance Capital Markets, Banking Cooperation

By Editors | 23/01/2019

The two countries will promote depository receipts, build an offshore market for A-share index derivatives in Frankfurt, and improve access for banks and insurers in either market.

AML / KYC

China’s NIFA Launches AML/CTF Monitoring Platform for Online FIs

By Editors | 16/01/2019

Online financial institutions including those engaged in online lending, equity crowdfunding, fund sales and consumer finance are required to register on the platform by 31 January.

Securities / Derivatives

China Doubles QFII Quota to Boost Foreign Investment

By Editors | 15/01/2019

China will double the quota from the current $150bn, despite having only granted $101.1bn in quotas to foreign investors as of December.

Market Infrastructure

Citi to Divest Stake in Mainland Securities Joint Venture

By Editors | 10/01/2019

Citi is looking to form its own majority-owned securities joint venture in China following new rules allowing foreign firms to acquire controlling stakes in such partnerships.