China issues draft rules on bank units’ sales of wealth management products

© Reuters. FILE PHOTO: A man rides an electric bike past the CBIRC building in Beijing BEIJING (Reuters) – China’s banking and insurance regulator issued draft guidelines on Friday on sales of wealth management products by commercial banks’ wealth management subsidiaries. China will allow such subsidaries to act as sales agents for wealth management products […]

Continue Reading

Draft guidance on China investment ban spurs tensions in Trump administration -sources

© Reuters. FILE PHOTO: Flags of U.S. and China are displayed at AICC’s booth during China International Fair for Trade in Services in Beijing By Alexandra Alper WASHINGTON (Reuters) – A debate is raging within the Trump administration over guidance the Treasury Department is seeking to publish to clarify a recent directive banning U.S. investors […]

Continue Reading

World’s largest carbon market faces revamp under draft EU plan

© Reuters. FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels By Kate Abnett BRUSSELS (Reuters) – The world’s biggest carbon trading market faces a major overhaul under European Union climate change plans to cut greenhouse gas emissions faster this decade, a draft seen by Reuters shows. Under the EU emissions […]

Continue Reading