China Financial Regulator to Raise Insurance Funds’ Limits for Stock Investment April 9, 2025 China’s financial regulator plans to raise limits for insurance funds’ investment in the stock market, as part of action taken...
US Firms Warn Against ‘Unprecedented’ Hong Kong Cyber Rules August 21, 2024 By Newley Purnell US firms have warned that parts of a proposed cyber law could grant the Hong Kong government unusual access to...
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 to Fine Ant Group More Than $1B as Regulatory Revamp Nears End: Sources November 22, 2022 Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six...
China Sentences Tycoon Xiao to 13 Years, Fines His Financial Services Group $8.1 Billion August 19, 2022 A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in...
China Signals Ant’s Reemergence in Accepting Financial Holding Company Plan: Reuters June 17, 2022 By Julie Zhu and Xie Yu HONG KONG, June 17 (Reuters) – China’s central bank has accepted Ant Group’s application to set up a financial holding...
Insurance Broker Hengguang Among Chinese Firms Filing Small New York IPOs February 15, 2022 By Samuel Shen and Scott Murdoch At least six Chinese companies have lodged documents for New York listings in recent weeks, filings showed, promising an end...
China’s Anti-Graft Watchdog Probes Chairman of China Life Insurance January 10, 2022 SHANGHAI – China’s Central Commission for Discipline Inspection (CCDI) has placed Wang Bin, the chairman of China Life Insurance Co....
China’s Regulator Issues New Rules for Risk Management of Insurance Groups November 30, 2021 China’s banking and insurance regulator on Tuesday issued new rules governing the risk management of insurance groups, which will step...