◎ Fan Shuangwen recently issued a warning to large Chinese payment companies.
◎ On March 16, the CBRC issued a document soliciting views on guidelines for its governance of financial institution data.
◎ Another three executives of Hengfeng Bank (Evergrowing Bank) were investigated for economic crimes.
◎ Shang Fulin said that more attention should be paid to local government debt, particularly the debt of administrations below the provincial level.
◎ On Feb. 28, the CBRC issued a notice that reduces the rules governing how much banks must set aside to cover bad loans.
◎ We believe that the Xi Jinping administration won’t let HNA go bankrupt because it is “too big to fail.”
◎ Liu as PBoC president is a little off in considering the norms of official ranking.
◎ The CBRC document further corroborates our post-19th Congress assessment that Xi Jinping will focus on cleaning up corruption in the financial sector.