Displaying items by tag: regulation

China’s fintech sector has enjoyed significant development, but has recently been constrained by more active regulators who have increased their rate of regulation to try and stay ahead of the industry development. After two years of planning and industry development, a public-private body was established by the People's Bank of China - the National Internet Finance Association.

You would be forgiven for missing the news with most of the focus this week on Shanghai's never ending stock market run or the latest mention of liberialization and opening in the bank card clearing market, but now it appears that the insurance industry will be the next segment of China's transforming financial industry to be opened up to competition.

Published in China Banking Research

It appears, as the WSJ reported, that the implementation of China's controversial banking technology rules has been paused for the moment. But what can we expect in the future?

Published in China Banking Research

Talked about for many years, one of the key reforms in China's outsized and ambitious plan is the launch of the deposit insurance program. An announcement yesterday confirmed that the program will finally launch in May.

Published in China Banking Research

Sneaking it in while the west was busy sipping eggnog and taking a break, the Chinese government has big plans for expanding the Shanghai Free Trade zone geographically. The new zone will include some of the most important real estate in Shanghai including the Lujiazui Financial disctrict.

Published in China Banking Research

The PBOC has announced it will be introducing a deposit insurance system in China, which will have a profound impact on banks’  behaviour.  Liberalizing the banking sector may put it on a more sustainable path but short-term risks should not be ignored.

Published in China Banking Research

The PBOC has issued implementation rules for RMB cash pooling in China, which will facilitate cross-border RMB sweeping for multinationals, previously restricted to the Shanghai Free Trade Zone (FTZ).

How’s that trading on the HK-Shanghai coming for you today? We had hinted at it before in the previous couple of weeks, but it looks like the HK-Shanghai connect is delayed indefinitely with some sources saying anything from a two week to two month delay.

After successive Bitcoin crackdown by mainland regulators, banks and online merchants, Bitcoin is left hanging in China.

Published in Blockchain Research

In the 2013 annual report issued by the Peoples Bank of China (PBOC), the organization addressed the issues related to the Internet finance. What is the forward looking Internet finance strategy?

Published in China Banking Research
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