The QDLP pilot programme will enable foreign fund managers to raise money in Hainan for investments overseas.
April 15, 2021Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.
April 13, 2021The 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.
April 13, 2021Foreign 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.
April 13, 2021Offshore RMB rates are becoming increasingly influential, suggesting that they will play an even bigger role in pricing in future.
April 12, 2021The 18bn yuan penalty is the highest antitrust fine ever to be imposed in China, equivalent to 4% of Alibaba's 2019 revenues.
April 12, 2021In Shanghai, 339 million yuan in business and consumer loans has been misused to pay for down payments for homes.
April 10, 2021Hong Kong residents participating in pilot tests can use the digital yuan for purchases in Shenzhen.
April 10, 2021The regulations clarify the qualifications and filing procedures for directors, supervisors, and senior managers of financial holding companies.
April 9, 2021Banks designated as D-SIBs will be subject to a capital surcharge of between 0.25 and 1.5 percent, on top of the mandatory capital adequacy ratios.
April 7, 2021