New implementing rules govenrning foreign financial institutions promulgated by the China Banking Regulatory Commission remains cautious to financial market opening.
Pension reform in China has been high on the government's agenda for many years. Issues such as providing for an aging population and generating the institutional capital that can be reinvested in the economy will be discussed in this feature.
New rules have been promulgated by the China Banking Regulatory Commission to oversee group finance companies. The regulatory body retains its assertive role in the finance sector.
The Administration of Insurance Companies Provisions became effective on June 15 2004. They are applicable to domestic insurance companies, and are generally applicable to foreign-invested insurance companies.