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GC Asia
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China policy and markets round-up: China population growth slows, April credit data disappoints, PPI inflation surges
In this round-up, China records the lowest population growth in decades, the pace of credit expansion moderates, and a surge in the country’s factory gate prices adds to global inflation concerns.
09.45 AM -
Senate votes to overturn 'true lender' law
The Senate voted to overturn the 'true lender' law, a rule which makes it easy for non-bank marketplace lenders to originate loans through banks. Though the rule is unlikely to be rescinded, the efforts to roll it back show that pressure will remain on marketplace lenders, as states challenge federal regulations that they see as infringing on their licensing and usury laws.
12 May 2021 -
The week in review: CSRC adds ESG to listed company annual report disclosures, telecom giants lose delisting appeal
In this round-up, the China Securities Regulatory Commission plans to ask companies to include separate chapters for corporate governance as well as environmental and social responsibilities in their annual financial reports, and three Chinese telecommunications companies will be dropped from the New York Stock Exchange after an unsuccessful appeal.
10 May 2021 -
China policy and markets round-up: Trade surplus rebounds, Wealth Management Connect details revealed, Beijing halts economic dialogue with Canberra
In this round-up, China’s trade surplus jumps in the first four months of the year, regulators unveil details for implementing the cross-border Wealth Management Connect pilot scheme between the Mainland, Hong Kong and Macau, and Beijing decides to suspend all activity under the China-Australia Strategic Economic Dialogue.
07 May 2021 -
EBA revises NPL data plan which could become compulsory
The European Banking Authority has published a new version of its NPL data templates, which are supposed to serve as a standardised way for buyers and sellers of non-performing portfolios to exchange information.
05 May 2021 -
The week in review: China’s macro leverage drops, Peking Founder makes restructuring progress, CSRC steps up requirements for pre-IPO education
In this round-up, China’s macro leverage drops on a year-on-year basis for two consecutive quarters, Ping An Insurance Group plans to invest up to Rmb50.75bn ($7.84bn) in troubled conglomerate Peking University Founder Group, and the securities regulator has put more weight on the pre-listing education process of domestic IPO candidates.
03 May 2021 -
China policy and markets round-up: Biden talks tough on China, April PMIs miss forecast, Beijing tightens grip on fintech sector,
In this round-up, US president Joe Biden identifies China as a key competitor, both the official manufacturing and services Purchasing Managers’ Index (PMIs) come weaker-than-expected this month, and regulators ask 13 financial technology companies including Tencent Holdings and ByteDance to examine their businesses and fix the problems.
30 Apr 2021 -
Exchange regulators tighten bond issuance rules
The Shanghai and Shenzhen stock exchanges have tightened rules for public bond issuance in China’s exchange market, releasing new guidelines that are likely to restrict supply from weaker issuers and deter investment holding companies, local government financing vehicles and real estate developers. Addison Gong reports.
29 Apr 2021 -
China promotes domestic SLBs to support carbon goals
The National Association of Financial Market Institutional Investors plans to launch sustainability-linked bonds (SLBs) in the onshore market, after releasing official guidelines on Wednesday.
29 Apr 2021 -
FCA looks to loosen research rules
The UK’s Financial Conduct Authority has launched a consultation on proposed cuts to red tape in the capital markets, including the lifting of restrictions on the distribution of bond research, in support of the government’s aim to enhance the country's financial competitiveness.
28 Apr 2021
