Tag: Chinese market

Capital and Risk, Insurance

HSBC’s New Insurance Chief Executive Eyes ‘Crucial’ New Deals in China

April 1, 2022

Via: Insurance Journal

Greg Hingston, who took over as global chief executive of HSBC Holdings Plc’s insurance unit in January, has had a busy quarter, closing the group’s first acquisition in a decade, building out the China business and eyeing new deals to […]


China Strengthens Anti-Money Laundering Rules for Financial Services Firms

January 26, 2022

Via: Insurance Journal

China on Wednesday published revised rules designed to strengthen financial firms’ ability to combat money laundering. The revised rules, which regulates how financial institutions conduct due diligence on clients, and store their identity and trading data, will also bring China […]


Chinese regulator opens market access for foreign banks

January 6, 2020

Via: Banking Technology

Following a period surveying the industry, the regulator has published new measures which cancel the total asset requirement for foreign banks aiming to set up in China. It will also relax limits on shareholders of joint ventures in the country. […]