Once again, high-level trade officials from the U.S. and China are back together; China plans to regulate e-cigarettes and vaping over fears of an addiction epidemic; and 11 measures have been introduced to open up financial market access and to scrap foreign shareholding restrictions.
Security assessment of cloud computing services for critical information infrastructure is specified, delinquent internet information service providers and users will be blacklisted, and real property enterprises are restricted from issuing foreign debt.
In July, China introduced more relaxed immigration rules in a bid to attract highly-skilled overseas workers to combat the country's severe shortage of talent.
Following on the success of the Stock Connect program, China and the U.K. are now planning a Bond Connect scheme; China eases immigration rules to attract more foreign talents; and Ping An’s Lufax platform is rumored to be quitting P2P lending.
Undisclosed information in securities trading is defined, the underlying assets of a pooled fund trust in which insurance capital may be invested are limited and off-campus online education is subject to record filing.
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.