China Will Begin in Earnest in 2020 to Open Its Great Financial Wall December 30, 2019 By Bloomberg News China’s big bang opening of its $45 trillion financial industry begins in earnest next year — a step-by-step affair that’s...
China Moves to Secure Government Ownership Control of Insurers, Banks December 11, 2019 By Cheng Leng China’s finance ministry said on Wednesday it will make it harder for ownership changes to be made to financial institutions...
China Opens Financial Sector to Increased Foreign Investment July 22, 2019 By Bloomberg News China opened up its financial sector to more foreign investment as the government said it will take targeted measures to...
Update: Italy’s Generali Calls on China to Further Open Financial Services Sector July 10, 2019 Two of Italy’s largest financial institutions, insurer Assicurazioni Generali and state fund CDP on Wednesday urged China to do more...
China to End Limits on Foreign Ownership in Financial Sector One Year Early July 2, 2019 By Kevin Yao China will end ownership limits for foreign investors in its financial sector in 2020, a year earlier than scheduled, to...
China Plans to Further Relax Rules for Foreign Banks and Insurers May 1, 2019 By Bloomberg News China will further relax rules for foreign banks and insurers of all sizes that plan to invest in the domestic...
China Pledges Expanded Market Access for Foreign Investors in Banking, Insurance March 28, 2019 By Kevin Yao and Dominique Patton China will sharply expand market access for foreign banks and securities and insurance companies, especially in its financial services sector,...
China Seeks to Reach Deal with U.S. to Open Financial Sector, Despite Difficult Talks March 5, 2019 By Ryan Woo and Stella Qiu China can “absolutely” reach an agreement with the United States on opening up its financial sector, China’s top banking regulator...
Ping An Insurance-Backed Financial Tech Firm Lufax Raises $1.3 Billion December 3, 2018 By Kane Wu Ping An-backed Lufax has raised $1.33 billion in its latest funding round from a dozen investors, at a valuation below...
Macquarie Pursues 3-Way Joint Venture in China Under New Rule December 3, 2018 Macquarie Group Ltd. is in advanced talks to create a majority-owned securities joint-venture firm in China, according to people familiar...