China’s banking and insurance regulator issued new rules specifying how insurance companies can invest asset management product funds and spelling out the qualifications for investors in such products, reported Caixin. The regulations, taking effect May 1, clarify requirements for a $390 billion market and are part of a long-running project by financial regulators to erect […]
Category: Law & Regulation
The lockdown of the central Chinese city of Wuhan, where the coronavirus was first reported, will end in two weeks’ time, the provincial government has announced, reported the South China Morning Post. Traffic control measures in the rest of the province of Hubei – which has a population about 60 million, roughly the same as that of […]
At least 10 Chinese firms have said they could delay or change plans to raise funds via private share sales after regulators closed a loophole in recently loosened rules designed to help companies battling the economic impact of the coronavirus, reported Reuters. The China Securities Regulatory Commission (CSRC) eased conditions for private placements last month, […]
China and the US must immediately return to the negotiating table for a phase two trade deal to help ease coronavirus disruptions in global supply chains, said Harley Seyedin, president of the American Chamber of Commerce in South China, reported Caixin. Seyedin made the remarks in a report by the chamber released Wednesday at a press conference […]
China will lift foreign ownership caps on securities firms starting April 1, China’s securities regulator said on Friday, reported Reuters. The new rule is in accordance to implement China-US Phase 1 trade deal. China will actively push for the opening up of its capital market, the regulator said.