CSRC Archives - Z-Ben Advisors

China Alert – New impetus for old initiatives

CSRC, Licenses, Market entry, regulations

Working through the pension agenda The fund regulator has followed up on high-level guidance. Notable points focus on market entry. The onus is still on managers to drive industry growth. Please note that full versions of our China Alert are for clients only, if you would like more information about a subscription please contact us: […]

Baic Group, CSRC, FMCs, Foresight, Leadbank, PICC

Learning from the feedback loop There is plenty that can be learned from domestic fund-company applications. An understanding of regulatory intent is critical for avoiding missteps. This is not a step that global groups can afford to take lightly. Please note that full versions of our China Alert are for clients only, if you would […]

AllianceBernstein, BlackRock, CSRC, Fidelity, FMCs, JP Morgan, Neuberger Berman, Regulatory, VanEck

Fidelity and Neuberger Berman overdue? Additional material from these managers is due and a status update may appear at CSRC in the next few days. Regulatory feedback mostly centered on internal processes rather than broader issues. Extensions are not uncommon in onshore regulatory review proceedings, but there are clear benefits to expedience. Please note that […]

CSRC, Fidelity, FMCs, Neuberger Berman, Regulatory, WFOE

Fidelity, Neuberger Berman and lessons learned Recent regulatory disclosure has provided valuable insight into the fund management application process. Clearly, knowing what is required for an application goes beyond checking boxes. Theory in action is on display here in terms of the degree of agency given to local teams. Please note that full versions of […]

BlackRock, BoC, BWMPs, CCB, CSRC, FMCs, Mutual Funds, regulations

Flexibility versus uncertainty There are new revisions to the fund management company regulation – released late Friday, of course. They tackle a host of licensing and business structure issues. Fund managers have been handed the operational tools to plan new growth avenues. Please note that full versions of our China Alerts are for clients only, […]

CSRC, Mutual Fund Companies, pension

Rockin’ around the pension tree A recent speech shows the fund industry is still lobbying for third-pillar action. New pension mutual fund approvals are the latest sign that CSRC is firmly behind managers. However, managers could be doing more to build up their own pension capacity. Please note that full versions of our China Alerts […]

AUM, CSRC, foreign firms, IM WFOEs, mutual fund, Onshore business

This Dashboard will examine key developments onshore from the month of June, including: The new timeline for 100% foreign ownership Lujiazui Forum provides clarifications for foreign firms Mutual recognition rebound continues CSRC expands scope of mutual fund stock lending Mutual fund AUM declines Aside from these key takeaways, we will also provide a quick analytical […]

CSRC, FMC

-CSRC is working on draft rules to tame FMC subsidiary growth -A limited grace period has been incorporated into the draft -We believe the final rules will be enforced shortly Update: CSRC’s FMC subsidiary draft rules have been reported. The regulator appears to be making a concerted move to tame loan and channel business being […]

cross border, CSRC, QFII, RQFII

·CSRC issued a draft proposing daily suspension limits for CSI 300 ·30 min suspension for a 5% up or down move, full-day closure for 7% ·This would have far-reaching impacts on the cross-border landscape Update: CSRC issued draft regulations last night stipulating new daily suspension and closure limits for the A-share market. If the CSI 300 […]

China Alert – New impetus for old initiatives

China Alert – Learning from the feedback loop

China Alert – Fidelity and Neuberger Berman overdue?

China Alert – Fidelity, Neuberger Berman and lessons learned

China Alert – Flexibility versus uncertainty

China Alert – Rockin’ around the pension tree

China Dashboard – July 2019

(China Alert) CSRC pumps the brakes on FMC subs

(China Alert) CSRC to impose new A-share circuit breaker