The Shanghai Free Trade Zone has clarified foreign bank shareholder qualifications, PPP asset securitization has been encouraged, and the PBOC has confirmed that northbound trading of the Bond Connect is not without limits
The FTZ Negative List has been revised, critical network equipment has been defined for the cybersecurity Catalogue, and the localization of personal and important data has been clarified
The PBOC has confirmed there are no northbound trading limits for the mainland and Hong Kong bond market connect, the CSRC has restricted major shareholders from reducing ownership through block trades, and class arbitration has been introduced for labor disputes