PBOC and SAFE propose to simplify registration, currency conversion and account management requirements for foreign institutional investors.
November 11, 2023The “network link-up” will provide a one-stop platform to facilitate cross-border fintech trials and strengthen supervisory cooperation.
November 10, 2023China will continue opening up its markets and supporting vulnerable parts of the economy. Two new foreign-funded insurance brokerage companies were approved this week.
November 9, 2023Hong Kong will link FPS with PromptPay and connect the city's payment infrastructure to e-CNY, officials said a Hong Kong Fintech Week.
November 3, 2023The update reveals a list of 25 observing members, and that the mBridge platform offers APIs based on ISO 20022 and uses LEIs for participant identification.
November 2, 2023Besides Laos and Pakistan, new yuan clearing banks have been established in Kazakhstan and Brazil since the start of 2022.
October 31, 2023China will issue CNY 1 trillion of government bonds and allow local governments to front load part of their 2024 bond quotas.
October 27, 2023Chinese insurance companies will be assessed every two years and designated systemically important based on 13 evaluation indicators.
October 24, 2023Former Bank of China chairman Liu Liange is one of the highest-ranking bankers to become entangled in China's anti-corruption campaign.
October 18, 2023State-owned banks are instructed to roll-over loans to local governments at reduced interest rates and to issue new loans to LGFVs so they can repay maturing debt.
October 18, 2023