Working Group News
China pledges full coverage of pension system
China will improve the pension system to ensure that by 2015, the number of urban workers and residents underwriting the basic old-age insurance policies will reach 357 million, and the eventual aim is to achieve full coverage of the new rural old-age insurance system and urban employees' pension insurance system.
Junk bonds entering the market
The State's green light is on for small and medium-sized enterprises' junk bonds, synonymous with high-risk but high-yield and low credit ratings. SMEs are excited about the development but the market has mixed feelings. [Photo/China Daily]
Chinese Banks May Lose 100Bln Income amid New Round Rate Cut
The move will increase competition within Chinese banks as they raise deposits rate to attract more money
Read moreTall Tales About China’s Banks Hide Economy’s Problems
As China’s growth slows, its banking system is coming under greater scrutiny. The general perception outside the country is that negative real interest rates are causing financial instability, repressing consumption and encouraging excessive investment in capital-intensive industries.
CSRC breaks down problems facing China's bond market
The China Securities Regulatory Commission (CSRC), China's top securities regulator, broke down the problems facing China's bond market and revealed what the regulator will do to promote the development of the market, in a statement on its website recently.
China Regulator Drafts Rules to Widen Insurers’ Investments
The China Insurance Regulatory Commission has drafted 10 investment rules for insurance companies, some of which are “basically ripe” for publication, the watchdog said in a statement on its website today.
Analysis: Chinese drivers pose fresh risks for foreign insurers
"People like us who buy Ferraris don't care too much about insurance because we buy cars for speeding," said Li, in his twenties and the son of a Pearl River Delta factory owner, as he took delivery of a new 5 million yuan ($787,500) 458 Spider, his fourth red Ferrari. "If we crash, we just throw them away."
China's Bank Opening Fails to Inspire
China's pledge to give private capital real access to the nation's lucrative banking sector has triggered more skepticism than excitement, with analysts saying entry barriers remain firmly in place.
Read moreChina Must Speed Reform Even as Hard Landing Avoided: Liu
China needs to speed the pace of domestic reform and change its economic model to become less reliant on exports and reduce the impact of crises such as the one roiling Europe, said former banking regulator Liu Mingkang.
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