The U.S. Treasury labels China a currency manipulator after China's currency falls below seven to the dollar; China announces plans to double size of Shanghai FTZ and reduce restrictions on foreign businesses; JP Morgan and Morgan Stanley one step closer to taking control of respective JVs; and China and U.S. sign U.N Convention on Mediation in Singapore
New draft measures proposed by China’s central bank will mean some non-financial firms will be classified as financial holding companies and will require a license to operate.
The U.S. president announces new tariffs covering virtually all Chinese imports a day after trade talks; Huawei reports year-on-year revenue growth but U.S. sanctions taking its toll; and financial holding companies to face capital requirements and a ban on non-financial activities according to draft rules.
China has unveiled 11 measures to open up the country's financial sector and scrap foreign shareholding caps in most financial sectors in a bid to bolster and stabilize growth.
Procedures for setting up insurance asset management plans are simplified
The NDRC holds back the issuance of foreign debt by real property developers to mitigate risks.
Following on the success of the Stock Connect program, China and the U.K. are now planning a Bond Connect scheme; China eases immigration rules to attract more foreign talents; and Ping An’s Lufax platform is rumored to be quitting P2P lending.
Reducing the risks posed by China's $4 trillion wealth management products sector is a key objective for regulators, but it needs to be at a pace that exposed banks can weather.
The National Negative List relaxes foreign investment in mining, telecommunications, utilities, cinemas and water transport
The FTZ Negative List further opens the printing sector
