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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 CBIRC will tighten regulations on China’s cash management products; increased government oversight of Chinese schooling has hit the share price of several Hong Kong-listed tutoring companies; and China’s State Council plans to adopt more fiscal, and tax- and tariff-reduction measures to maintain stability in its international trade.
Thresholds on controlling shareholders of securities companies are lowered, critical information infrastructure may require the use of commercial cryptography and Shenzhen Free Trade Zone loosens restrictions on foreign investment in construction projects.
New court interpretations and a series of court cases with stiff sentences reflect Chinese authorities' determination to bring insider trading to heel.
China has released a new negative list with fewer sectors off limits to foreign investment; Hong Kong’ regulators will now have access to Chinese companies’ audit records; and foreign ownership caps on Chinese financial firms will be lifted by 2020.