Capital Markets

Shenzhen is spearheading reforms in capital account liberalization and promoting RMB internationalization

CBIRC governs investment of insurance capital in debt-for-equity plans by grade

New comprehensive reform plan for Shenzhen targeting fintech and financial sectors; new development plan for new energy vehicles promotes fast-charging stations and public service integration; and new State Council opinions proposes measures to improve quality of listed companies

State Council eases investment procedures for telecommunications services, oil products and QFIIs

FTSE Russell to become third major index provider to include China bonds; Luckin Coffee slapped with massive fine by SAMR; and Segway maker Ninebot to become first VIE entity to list in mainland

Bing Xue and Yang Chen of Han Kun Law Offices examine why Chinese companies are heading home to list on the A-share market or HKEX and discuss key listing requirements and conditions for red-chip enterprises listing on the STAR Market and HKEX Main Board including the vetting process

Independent fund sales institutions are not allowed to sell PE/VC funds on an agency basis

China issues draft rules easing foreign access to onshore bond markets; Citigroup becomes first U.S. bank to receive fund custody license; and Yum China bags $2.2 billion in Hong Kong secondary offering

Trump administration tightens choke-hold on Huawei's global access to chips; China to trial direct access for foreign investors to interbank bond market; and index provider MSCI launches climate change indexes for China stocks

Trump issues executive orders barring transactions with WeChat, TikTok after 45 days; U.S. officials recommend delisting non-compliant Chinese firms by 2022; China introduces tax, investment incentives for domestic chipmakers