On January 22, the People's Bank of China, the Ministry of Commerce, the State Administration of Financial Supervision, the China Securities Supervision Commission and the State Administration of Foreign Exchange jointly issued opinions to align international high standards and promote institutional opening up in the pilot free trade zone (Hong Kong) where conditions permit. Among them, it is proposed to support the development of cross-border digital identity authentication and electronic ident...
On January 13, Wang Lingjun, deputy director of the General Administration of Customs, said at a press conference that no matter from the perspective of comparative advantage or global market demand, there is no so-called "China's overcapacity" problem, which is purely a false proposition. Made in China is widely popular in the global market, relying on a complete and continuous iterative upgrade of the industrial system, relying on continuous R & D investment and innovation. We have ensured the...
On January 12, the General Administration of Financial Supervision held a 2025 regulatory work conference. The meeting called for effective prevention and resolution of financial risks in key areas. Accelerate the expansion and efficiency of the urban real estate financing coordination mechanism, and support the construction of a new model of real estate development. Actively cooperate to prevent and resolve local government debt risks. Strictly prevent and crack down on illegal financial activi...
On January 10, Shu Wei, deputy director of the State Administration for Market Regulation, said at a press conference that in the next step, the State Administration for Market Regulation will focus on standardizing the market competition order in terms of promoting fairness and transparency of platform rules, reducing the cost burden of merchants on the platform, and purifying the ecology of the live broadcast e-commerce industry. Improve the normalized supervision system, and pay close attenti...
On January 1st, the General Administration of Market Supervision issued a document saying that since 2024, the General Administration of Market Supervision has strengthened the supervision of drone recalls and promoted the healthy and orderly development of the industry. So far, 579 cases of civil drone defect information have been collected, and technical institutions have been organized to carry out risk research and judgment, and promote the recall of 2,797 defective drones. As an emerging co...
The State Administration of Market Supervision has implemented listing supervision on the investigation and rectification of the false standard content of cashmere sweaters in Zhejiang and Inner Mongolia.
The State Administration for Market Regulation has issued the "Implementation Measures for the Administration of Company Registration", which will come into force on February 10, 2025.
Announcement of the State Financial Supervisory Administration on the "Measures for the Administration of the Qualifications of Directors (Directors) and Senior Managers of Banking Financial Institutions Groups (exposure draft) " for public comment.
The State Financial Supervisory Administration issued the "Notice on Matters Concerning the Connection of Corporate Governance Supervision Provisions with the Company Law".
On December 25th, the State Administration of Financial Supervision recently issued the "Notice on Matters Related to the Connection of Corporate Governance Regulatory Provisions and Company Law", which will come into force from the date of issuance. The "Notice" mentions that Financial Institution Groups are allowed to optimize the establishment of supervisory institutions according to their own actual conditions. The board of supervisors and supervisors can continue to be retained, or the audi...
On December 25th, the State Administration of Financial Supervision recently issued the "Notice on Matters Related to the Connection of Corporate Governance Regulatory Provisions and Company Law" (hereinafter referred to as the "Notice"), and the heads of relevant departments and bureaus answered questions from reporters on relevant issues. During the implementation of the "Notice", after the Financial Institution Group cancels the board of supervisors, if the original external supervisors meet ...
Head of relevant departments and bureaus of the State Administration of Financial Supervision: The "Decision" clearly states that "related party transactions with a single transaction volume of less than 500,000 yuan for natural persons or a single transaction volume of less than 5 million yuan for legal persons, and the cumulative amount of related party transactions after the transaction has not reached the standards of major related party transactions". If the above standards are met, the boa...
The General Office of the State Financial Supervisory Administration issued the "Guidelines for the Application of Internal Control over the Use of Insurance Funds (No. 4-6) ".
State Financial Supervision and Administration: Insurance companies to carry out equity investment, at least pay attention to asset and liability mismatch risk, market risk, liquidity risk, legal compliance risk and operational risk.
1. State Administration of Financial Supervision and Administration: Study and introduce policies and measures to promote the high-quality development of new energy vehicle insurance. 2. Tesla revealed that it will launch the "Model Q" entry-level model in the first half of next year, and the price will be lower than 30,000 US dollars after subsidies in North America. 3. Nezha Automobile: Zhang Yong no longer served as CEO and was transferred to the company's consultant. 4. Multiple departments ...