03 Sep 2020
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On Wednesday, the China Securities Regulatory Commission (CSRC) said it had granted Citigroup a fund custody license.
That makes Citi just the second foreign bank – after Standard Chartered – to be allowed to hold securities on behalf of mutual and private funds domiciled in China.
Some conte...
April 19, 2024
Policymakers continue to drive forward with efforts to make payments easier for foreigners. The latest: On Monday, the central bank (PBoC), commerce ministry (MofCom), and foreign exchange regulator (SAFE) issued yet another policy on improving payment convenience for foreigners –… Read More »
April 19, 2024
China wants to take its friendship with Indonesia to new heights. On Thursday, top diplomat Wang Yi stopped off in Indonesia, where he held talks with: Outgoing President Joko Widodo (aka Jokowi) President-Elect Prabowo Subianto Foreign Minister Retno Marsudi ICYDK:… Read More »
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After steel, aluminum, and shipbuilding, is Chinese solar next on the US government’s hit list? On Thursday, Reuters reported that the Biden administration is considering reversing a 2022 policy that allows tariff-free imports of bifacial solar modules – which currently… Read More »