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

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

Chinese consider revising plan for a super regulator
  • Locke Lord 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