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Results: 1-10 of 18

Fortis minority shareholder Ping An Insurance plans to vote down partial sale of Fortis assets to BNP

  • Alston & Bird LLP
  • -
  • Belgium, China
  • -
  • February 9 2009

Today, Ping An Insurance (Group) Company of China Ltd., Fortis Holding's largest shareholder, confirmed media reports that it will in fact vote against the new resolution regarding the partial sale of Fortis Bank SANV and Fortis Insurance Belgium SANV to France's BNP Paribas (BNP), to be voted on at the general meeting of Fortis SANV shareholders planned for February 11

China’s central government supports development in the financial sector

  • Hogan Lovells
  • -
  • China
  • -
  • March 4 2009

The State Council of the PRC has set out the blueprint for the nation’s overall financial policies in 2009 in a set of opinions that came into effect on December 8, 2008

Guidelines on computation of financial merger reporting thresholds released

  • White & Case LLP
  • -
  • China
  • -
  • August 4 2009

As one of the world’s fastest growing economies, China has been a favorite destination for foreign investment since it opened its doors to foreign investors almost three decades ago

China released guidance on financial services to support key industries and reduce productivity excess

  • Greenberg Traurig LLP
  • -
  • China
  • -
  • February 2 2010

The People's Bank of China ("PBOC"), the China Banking Regulatory Commission ("CBRC"), the China Securities Regulatory Commission ("CSRC") and the China Insurance Regulatory Commission ("CIRC") jointly released the Guiding Opinions on Supporting the Adjustment and Revitalization of the Key Industries and Restraining the Productivity Excess of Certain Industries via Financial Services (the "Financial Services Guiding Opinions") on December 22, 2009

Pilot scheme to permit insurers to tap China's mainland interbank bond market

  • Edwards Wildman Palmer LLP
  • -
  • China, Hong Kong, Macau
  • -
  • August 26 2010

The People's Bank of China (PBC) announced on 17 August 2010 a pilot scheme to permit Hong Kong and Macau insurers, banks and certain other financial institutions, with the approval of the PBC, to invest in the Chinese mainland's 48.8 trillion renminbi (US$7.2 trillion) interbank bond market

The People's Bank of China announce the renminbi will no longer be pegged to the US dollar

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • June 24 2010

The People's Bank of China (the POBC) announced on 19 June 2010 that the renminbi (RMB) was to exit the peg to the US dollar

Chinese consider revising plan for a super regulator

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • May 14 2010

China is considering reviving its plan to set up a super regulator in order to make the government's oversight of the financial sector more efficient and expedient and improve the lack of integration and co-ordination between existing regulators

The State Council clarifies supervisory responsibilities for the financial guarantee business

  • Hogan Lovells
  • -
  • China
  • -
  • May 4 2009

In an effort to facilitate the sound development of the financial guarantee business, the General Office of the State Council issued a circular to further define the tasks and responsibilities associated with supervising the business on February 3, 2009

Bancassurance business in China under scrutiny

  • King & Wood Mallesons
  • -
  • China
  • -
  • June 27 2011

Bancassurance has been playing a rapidly increasing role in recent years in China as a sales channel for insurance products

China issues guidelines to supervise the conduct of insurance agency business by commercial banks

  • Clifford Chance LLP
  • -
  • China
  • -
  • July 27 2011

On 7 March 2011, the China Insurance Regulatory Commission (CIRC) and the China Banking Regulatory Commission (CBRC) jointly promulgated the Guidelines on the Supervision of Insurance Agency Business of Commercial Banks (商业银行代理保险业务监管指引) (Supervision Guidelines), which came into effect as of the same date

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