China’s Ant Eyes Options to Divest Founder’s Stake as Beijing Pressure Grows: Sources April 19, 2021 By Julie Zhu HONG KONG – Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology...
China Emphasizes Communist Party Leadership in Governance of Insurers, Banks January 29, 2021 China’s banking and insurance regulator issued draft rules on Friday in which emphasized stronger Communist Party leadership in both state-owned...
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...
China ‘Should Focus’ on Financial Market Reforms, Rather Than Punishing U.S. Firms June 14, 2019 China should focus on market reforms and avoid restricting access for U.S. financial firms if the trade war escalates and...
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...
China Eyes Allowing Foreign Insurers to Own Local Joint Ventures: Sources November 19, 2018 By Sumeet Chatterjee and Shu Zhang China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and...
China’s New Insurance & Banking Watchdog to Continue Opening Financial Sector April 2, 2018 China’s new banking and insurance regulator said on Thursday [March 29] it will deepen the reform and opening up of...
China to Merge Banking, Insurance Regulators in Big Government Shake-Up March 13, 2018 By Shu Zhang and Se Young Lee China is merging its banking and insurance regulators, giving new powers to policymaking bodies such as the central bank and...