JPMorgan set for full control of asset management business with minority partner buyout; Luckin Coffee reveals financial fraud amid growing concern over Chinese listings; and the U.S. set to ramp up tech export restrictions for China, report says.
Foreign banks are given more specific business expansion requirements
Goldman Sachs, Morgan Stanley pass final hurdle to take majority control over local JVs; CBIRC releases insurance asset management product rules as part of new regulatory regime; and MOFCOM publishes draft rules mapping out foreign investment complaints procedure
People's Bank of China issues first specifications on distributed ledger technology
State Council has lowered the investment capital percentage requirements
China steps up measures to contain imported COVID-19 cases; HKEX launches master SPSA service for fund managers; and SAFE eases foreign borrowing regulations for high-tech startups.
Coronavirus affected small businesses may have their loan payments postponed
Banks and insurance companies are allowed to engage in sovereign bond futures trading
Economy still stifled despite positive signs indicating success in containing virus; record issuance of force majeure certificates to Chinese businesses disrupted by epidemic; and JP Morgan indexes begin Chinese government bond inclusion
Foreign parties may hold a controlling interest in wealth management companies
