China’s financial regulator plans to raise limits for insurance funds’ investment in the stock market, as part of action taken to increase support for capital markets and the real economy. It will raise the upper limit of the equity asset …
US firms have warned that parts of a proposed cyber law could grant the Hong Kong government unusual access to their computer systems, highlighting the latest challenge to Western tech giants in the city. The Asia Internet Coalition, which includes …
A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power at the top and could introduce more state and party intervention. In a major shake-up, China will set up the …
China will set up a new financial regulatory body consolidating oversight, which analysts said was aimed at closing loopholes with multiple agencies monitoring different aspects of trillions of dollars’ worth of its financial services industry. The government will also set …
Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s two-year long regulatory overhaul. The …
A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record in China. Xiao and Tomorrow Holdings …
HONG KONG, June 17 (Reuters) – China’s central bank has accepted Ant Group’s application to set up a financial holding company, three people with knowledge of the matter said, a key step in finishing a year-long revamp of Jack Ma’s …
At least six Chinese companies have lodged documents for New York listings in recent weeks, filings showed, promising an end to a months-long freeze after an unprecedented clampdown last year by Chinese regulators. However, the plans are for initial public …
SHANGHAI – China’s Central Commission for Discipline Inspection (CCDI) has placed Wang Bin, the chairman of China Life Insurance Co. Ltd., under investigation, the bureau said on Saturday. Wang is “suspected of serious violations of discipline and law, and is …
China’s banking and insurance regulator on Tuesday issued new rules governing the risk management of insurance groups, which will step up supervision, limit holdings of non-core units and regulate their investments in other companies. The move is aimed at curbing …
