Commercial banks are not allowed to engage in cross-region online lending. CBIRC strengthens regulation of reputational risk, as well as anti-money laundering and anti-terrorist work of commercial banks.
CBIRC finalizes online lending rules requiring strict loan finance ratios; U.S. Chamber of Commerce warns of dire economic impact of decoupling; and China replaces U.S. as EU's biggest trading partner in goods
Data possession constitutes a crucial factor in determining platform monopoly, Shenzhen allows PE firms to invest in the A-share market and CSRC imposes requirements for adding new shareholders prior to an IPO application.
Chinese antitrust bodies finalize strict guidelines for platform operators; PBOC digital currency body links up with SWIFT to launch JV; and German chamber survey reports optimism despite pandemic woes
CBIRC issued two law drafts governing independent directors, directors and supervisors of banks and insurance companies. SPC offers online case opening services for cross-border litigation.
Biden delays implementation of part of Trump's military investment ban; U.S.-China financial investment flows far greater than official figures according to new report; and China launches national carbon emissions trading market
CSRC issued guidelines on index funds aiming to protect investors, CBIRC diversified assessment of insurance companies' solvency and Shanghai tightened up housing purchase restrictions.
PBOC defines market dominance for non-bank payment institutions. There are stricter rules on using the word "China" and its variants in an enterprise's name. Market makers will no longer be set by product.
