China Market Review - July 2019

The China Banking and Insurance Regulatory Commission (CBIRC) and China Security Regulatory Commission (CSRC) jointly issued the guidelines on Commercial Banks’ issuance of preferred stock for capital replenishment. The purpose of these revised guidelines’ is to further broaden commercial banks’ channels for supplementing capital; facilitate them to raise the capital adequacy level; increase credit supply; and to better support the real economy. Includes: Private Banking &n