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China to set up a national financial regulatory administration

by AIP Online Bureau | Mar 7, 2023 | Eco/Invest/Demography, Regulation

It will be established on the basis of the China Banking and Insurance Regulatory Commission (CBIRC), which will not be retained, the plan said, noting that certain functions of the People’s Bank of China (PBOC) and the China Securities Regulatory Commission (CSRC)...
China to deepen financial reform, open to more foreign investment

China to deepen financial reform, open to more foreign investment

by AIP Online Bureau | Mar 5, 2023 | Eco/Invest/Demography, International News, Policy, Regulation

“We need to deepen reform of the financial system, improve financial regulation, and see that all those involved assume their full responsibilities to guard against regional and systemic financial risks,” Premier Li Keqiang Beijing: China will deepen...

China discourages “bride prices” to check fast-declining population

by AIP Online Bureau | Mar 4, 2023 | Eco/Invest/Demography, Facts

China’s population is shrinking for the first time in more than six decades in 2022, which is a serious demographic crisis for the country with significant implications for its slowing economy, CNN Business reported According to data surveyed in late January...

China asks state-owned firms to phase out use of Big four auditing firms over data security

by AIP Online Bureau | Feb 24, 2023 | Eco/Invest/Demography, International News, Risk Management

China is seeking to rein in the influence of the US-linked global audit firms and ensure the nation’s data security, as well as to bolster the local accounting industry, the people said. . Chinese authorities have urged state-owned firms to phase out using the four...

No new Covid variants emerged during China’s recent outbreak: Lancet study

by AIP Online Bureau | Feb 11, 2023 | Data, Eco/Invest/Demography, Health

”Our analysis suggests two known Omicron sub-variants – rather than any new variants – have chiefly been responsible for the current surge in Beijing, and likely China as a whole,” said lead author Professor George Gao, of the Institute of Microbiology at...
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