The law will support the establishment of a guarantee fund for financial stability, while also strengthening accountability for regulatory violations and improving protections for market entities.
FIs have been selling unsuitable products to elderly customers without conducting a proper risk assessment and sometimes categorising them as professional investors.
Authorities say they are seeking to use the social credit system to improve financing opportunities and increase lending to businesses and individuals.
The FSC will encourage FIs to use their capital, investment and financing decision-making power to guide enterprises towards sustainable development.
The draft amendments will allow US regulators to inspect the audit working papers of Chinese companies listed in the US.
The European Parliament voted to adopt requirements for crypto firms to gather and verify personally identifiable information of users of unhosted crypto wallets.
ADGM will launch a carbon trading exchange and clearinghouse, offering trading in tokenised carbon credits, carbon credit futures and green energy contracts.
Bitcoin ATMs in Taiwan are being used to scam victims who attempt to transfer cash to specific accounts to purchase cryptoassets.
Chinese firms will be encouraged to establish overseas equity investment funds focusing on green and low-carbon sectors, and cooperate on investment in green industries.
Next Bank shareholders include Chunghwa Telecom, PX Mart, Mega International Commercial Bank, KGI Bank, the Shin Kong Group, and Trade-van.com.