Wednesday, January 20, 2021


CBIRC to Directly Regulate 39 Chinese Life Insurance Companies

The China Banking and Insurance Regulatory Commission (CBIRC) has unveiled plans to shake up the regulation of the country's life insurance sector....

China Commences Trials for Bulk Transfer of Personal Non-performing Loans to Asset Management Companies

The China Banking and Insurance Regulatory Commission (CBIRC) has launched trials to accelerate the disposal of personal non-performing loans (NPL's).

CBIRC Warns Chinese Insurers against Arbitrary Expansion of Their Services Scope

Chinese regulators are intent on ensuring that insurance companies stick to their lane amidst a broader push to contain risk in the...

Consumer Complaints about Chinese Banks Surge 26.5% in Third Quarter, Credit Card Complaints up 43.5%: CBIRC

The Chinese banking sector saw a surge in complaints from consumers in the third quarter of 2020 according to data from the...

China’s Banking Regulator Warns of Data-driven Fintech Monopolies, Payments Giants Becoming “Too Big to Fail”

China's top banking regulator says that the fintech sector is more susceptibility to new forms of data-driven monopoly formation.

CBIRC Sets New Standards for “Narrowly Defined” High Risk Shadow Banking, Includes Online Lending and P2P

A new report on the shadow banking sector issued by the China Banking and Insurance Regulatory Commission (CBIRC) provides a more detailed...

China Shadow Banking Report Touts 16 Trillion Yuan Reduction, Flags Further Efforts to Better Regulate Sector

The China Banking and Insurance Regulatory Commission (CBIRC) has outlined further measures to better regulate the country's mammoth shadow banking sector.

China’s Banking Regulator Highlights Six Consumer Protection Problems for Finance Sector

The China Banking and Insurance Regulatory Commission (CBIRC) says it will focus on six major problems when it comes to protections for...

China’s Top Finance Regulators Send Raft of Policy Signals at 2020 Financial Street Forum

Senior officials from the People's Bank of China (PBOC), the China Banking and Insurance Regulatory Commission (CBIRC) and the China Securities Regulatory...

CBIRC Cancels Registration Regulation for Investment Management Capabilities of Chinese Insurance Agencies

China's top insurance regulator has announced major changes to its regulatory model for the investment management capabilities of domestic insurance agencies.

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KPMG Releases List of China’s Top 50 Fintech Companies in 2020

Accounting giant KPMG has just released its latest list of the leading fintech companies in China.

China’s State-owned Enterprises to Pursue Greater International Cooperation Post-COVID-19

The State Assets Supervision and Administration Commission (SASAC) hopes to expedite the expansion of Chinese state-owned enterprises (SOE's) into cooperative projects in...

Beijing Aims for Internet of Things Security Standards by 2022

The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...

TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...