17 九月 2020
John Xu - 顾晓钮
Corporate Governance - Financial Regulation - Insurance - Mergers and Acquisitions
Mainland China - New regulations on financial holding company activities and investments
On 13 September 2020, new regulations on financial holding companies (“FHCs”) on market access, business regulation and risk management of FHCs were published in mainland China, to take effect on 1 November 2020. The Decision on Implementing the Market Entry Administration of Financial Holding Companies of the State Council and the Administrative Measures on Financial Holding Rules issued by the People’s Bank of China (“PBOC”) (collectively, the “FHC Rules”) are expected to have immediate impact in guiding the business operations of existing FHCs and on new investments in FHCs.
