1. Please scan the QR Code 2. Please add the WeChat account: apdnews
China's financial regulatory body has issued its first business license to a foreign asset management company, according to a press release from the company on Sept. 6.
Beijing has offered yet another olive branch to overseas institutions by relaxing rules governing the renminbi qualified foreign institutional investor (RQFII) scheme, effectively giving foreign investors greater flexibility and freedom in buying mainland Chinese A shares.
In order to advance preparatory work about Shenzhen-Hong Kong Stock Connect, Fang Xinghai, vice-chairman of the China Securities Regulatory Commission (CSRC) and head of special working group of Shenzhen-Hong Kong Stock Connect, recently held a work conference, at which Shenzhen and Hong Kong exchanges, China Securities Depository and Clearing Company Limited (CSDC) and some securities companies report progress of preparatory work and suggestions and will make deployment on relevant work so as to introduce the Shenzhen-Hong Kong Stock Connect within the year.
China issued a regulation on Wednesday to toughen its control of peer-to-peer lending companies, thus cracking down on illegal fundraising activities through such platforms and preventing financial risks.
The journalist learnt that the State Council has issued the notice of Work Plan on Reducing Costs of Enterprises in the Real Economy Sector (hereinafter referred to as the “plan”).
The Chinese government has come up with a new set of policies in an attempt to reduce corporate costs.
China launched a State venture capital fund worth 200 billion yuan ($30.2 billion) to push forward innovative technologies and industrial upgrading projects, the country's top State-owned assets regulator said on Thursday.
Premium income from life insurance products in China has grown fast in recent years with premium income from investment-oriented insurance seeing the biggest growth. While noticing that market vitality has been activated, regulators are also aware of potential risks of some businesses and companies beneath prosperity of the market.
Today marks the one year anniversary of China’s exchange rate reform started from August 11, 2015, when the People’s Bank of China (PBOC) decided to launch reform on the central parity price mechanism of RMB, the Chinese currency. Over the past year, RMB has experienced three sharp fluctuations.
China’s four free trade zones (FTZ) in Shanghai, Guangdong Province, Tianjin and Fujian Province have scored new achievements. Experience from these FTZ pilots is expected to be replicated and promoted in one to two months.