On 8 June 2018, China Banking and Insurance Regulatory Commission (CBIRC) published on its website the draft Decision of CBIRC on the Abolishment and Amendment of certain Regulations (Draft Decision) for public consultation. This represents a further step taken by the Chinese government to lift foreign shareholding restrictions in the financial services industry and to implement CBIRC’s financial reform roadmap as set out in the Measures on Facilitating the Further Opening-up of Banking and Insurance Sectors on 27 April 2018
June 11, 2018
Welcome to the ninth edition of Global asset management quarterly.
May 17, 2018
On 27 April 2018, various financial regulators in China promulgated new measures further opening up the financial services industry to foreign investment, regulating non-financial entities to invest into financial institutions and tightening up control over the conduct of asset management business by financial institutions.
May 04, 2018
On 19 March 2018, the People’s Bank of China (PBOC) issued Announcement No.7 of 2018 (the Announcement), which allows qualified foreign-invested enterprises (FIEs) to apply for payment business licences (Payment Licence) under the existing legal regime applicable to domestically-owned entities.
April 18, 2018
China’s new Anti-Unfair Competition Law (the New Law) was promulgated by the Standing Committee of the National People’s Congress on November 4, 2017 and will take effect from January 1, 2018, by which date the current version of the law promulgated back in 1993 will cease to be effective.
March 16, 2018
China’s new Anti-unfair Competition Law (the New Law) was promulgated by the Standing Committee of the National People’s Congress on 4 November 2017 and will take effect from 1 January 2018.
November 09, 2017
Antitrust fines very low at half-year mark; Taiwan Supreme Administrative Court upholds Taiwan Fair Trade Commission’s decision on industrial paper cartel
July 25, 2017
Merger remedies in China; Hong Kong Competition Commission publishes study on auto-fuel market
May 31, 2017
Contrasted enforcement against bid-rigging; Korean Fair Trade Commission conditionally approves merger between Dow Chemical and DuPont
April 30, 2017
On 10 March, 2017, the China Banking Regulatory Commission (CBRC) issued the Circular of the General Office of CBRC on Matters Concerning the Operation of Certain Businesses by Foreign-invested Banks (the Circular) which took immediate effect.
April 25, 2017
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