Policy Brief

China to strengthen financing support for Belt and Road Initiative -- China will strengthen financing and tax support to better serve the Belt and Road Initiative, a deputy finance minister said on March 7. The Ministry of Finance is forming an international financing cooperation center in a bid to build a long-term, stable, sustainable, risk-controllable and diversified financing system, Shi Yaobin told a press conference. The ministry will continue to push forward bilateral and multilateral tariff negotiations to promote the building of free trade areas, promote mutual opening up, and soundly implement the tariff concession agreements already signed with countries along the routes. China will facilitate international tax coordination and cooperation, contribute to eliminating discrimination in tax policy making and implementation, while encouraging more countries to participate in the BEPS (Base Erosion and Profit shifting) project, Shi said.

China securities regulator solicits opinions on revised delisting rules -- China's securities watchdog has begun soliciting public opinion on revised delisting rules to promote healthy development of the capital market and prevent financial risks. The revised delisting rules will strengthen the responsibilities of stock exchanges in establishing and implementing delisting rules, said the China Securities Regulatory Commission (CSRC). Delisting rules will be stricter in the revised version to improve the quality of listed companies and protect investor interests, the CSRC said.

China regulator tests rules on insurance asset liability management -- China's insurance regulator on March 1 released new regulations on asset liability management in the sector, deciding to test the rules for one year in a latest step to prevent asset-liability mismatch risks. The regulations include supervising standards for work procedures, performance assessment, asset-liability conditions as well as management reports, according to China Insurance Regulatory Commission (CIRC). During the trial period, insurance companies are required to formulate asset-liability management reports and submit to the regulator within a month following each quarter.