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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Australia - Mobility Arrangement for Talented Early-professionals Scheme (MATES) announced for India

Australia is introducing MATES for Indian nationals to live and work in Australia for up to 2 years.  From December 2024, graduates and ear...