Monday, January 25, 2021

China - Two-way opening-up of financial market will be bolstered / Banks, insurers encouraged to back fintech

China's foreign exchange regulator highlighted specific measures on Jan 22 to further promote two-way opening-up of the financial market, mainly through steadily freeing up cross-border capital flows and improving the renminbi exchange rate regime.

China's top banking and insurance regulator said on Jan 22 that it will encourage banking and insurance institutions to cooperate with internet-based platforms, including those companies that have been summoned for meetings with financial regulators, in accordance with the laws and regulations.

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President Donald J. Trump Further Restricts and Limits the Entry of Foreign Nationals to Protect the Security of the United States

President Donald J. Trump on December 16 signed a Proclamation expanding and strengthening entry restrictions on nationals from countries wi...