What Is China’s Planned Financial Stability Law and How Will It Work? July 3, 2024 China is moving closer to unveiling its financial stability law, which includes setting up a fund to rescue troubled financial...
China Refines Financial Stability Law to Strengthen Risk Prevention July 2, 2024 China’s new financial stability law draft bill improved provisions on financial risks prevention and control, according to draft revisions released...
China’s Hidden Financial Dangers Erupt With Shadow Bank Crisis August 18, 2023 By Bloomberg News Only a week ago, Zhongzhi Enterprise Group Co. attracted little notice within China and was almost unheard of everywhere else....
China’s Financial Regulatory Revamp Raises Hope, but Some Concerns March 10, 2023 By Xie Yu, Selena Li and Carolina Mandl A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power...
Update: China to Launch National Financial Regulator in Major Supervisory Overhaul March 7, 2023 China will set up a new financial regulatory body consolidating oversight, which analysts said was aimed at closing loopholes with...
China Strengthens Anti-Money Laundering Rules for Financial Services Firms January 26, 2022 China on Wednesday published revised rules designed to strengthen financial firms’ ability to combat money laundering. The revised rules, which...
China Continues Crackdown on Fintech Firms April 30, 2021 By Tony Munroe and Cheng Leng BEIJING — Chinese financial watchdogs on Thursday summoned 13 internet platforms engaged in finance business, including heavyweights Tencent and ByteDance,...
China’s Top Financial Regulator Rejects ‘State Monopoly’ Criticism January 21, 2021 China’s top financial regulator dismissed claims the nation is distorting its economy through “state monopoly capitalism” as pressure grows on...
China Tightens Rules Governing Financial Holding Firms September 14, 2020 China issued new rules on Sunday to regulate financial holding companies, in its latest move to prevent systematic risks to...
What the New U.S.-China Trade Agreement Says on Insurance January 15, 2020 By Andrew G. Simpson President Donald Trump and Chinese Vice Premier Liu He signed an economic and trade agreement that promises to increase the...