Posts By Darien Choong, Regulation Asia
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586CBIRC Gives FIs One Year to Establish Green Finance Systems
Darien Choong, Regulation Asia June 6, 2022Banks and insurers are instructed to have their green finance management systems and procedures in place by 1 June 2023.
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283China Cracks Down on Listed Company Business with Finance Companies
Darien Choong, Regulation Asia June 5, 2022The CSRC and CBIRC are jointly cracking down on related-party and affiliated transactions involving listed companies and finance companies.
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529Singapore Banks to Adopt More Scam Prevention Measures
Darien Choong, Regulation Asia June 3, 2022The measures include an emergency self-service ‘kill switch’, enhancements to fraud surveillance systems, and additional customer confirmations.
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421China Set to Launch Residential REITs to Boost Property Market
Darien Choong, Regulation Asia June 2, 2022New rules were issued to facilitate the issuance of affordable rental housing REITs, and to enable already-listed infrastructure REITs to acquire more assets.
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392CSRC Raises Scrutiny of Investment Banks, IPO Sponsors
Darien Choong, Regulation Asia June 1, 2022New guidelines clarify the due diligence obligations of sponsors. The CSRC has also set out five situations that would trigger on-site inspections of internal controls.
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400Shanghai Unveils 50-Point Plan to Return to Normalcy
Darien Choong, Regulation Asia May 31, 2022Banks will be asked to renew SME loans; asset managers are asked to set up global or regional investment management centres in Shanghai.
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312PBOC, CBIRC Call on Banks to Boost Business Lending
Darien Choong, Regulation Asia May 27, 2022Banks are directed to expand lending to SMEs amid concerns that China could struggle to record positive growth in the current quarter.
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CSRC Unveils Capital Market Measures to Accelerate Recovery
Darien Choong, Regulation Asia May 24, 2022The measures include support for IPO applicants, listing fee waivers, and regulatory support for securities firms.
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310CBIRC Updates Rules for FIs on Managing Regulatory Statistics
Darien Choong, Regulation Asia May 24, 2022The rules clarify requirements for regulatory statistics work to be centrally managed within FIs and for data quality to be improved.
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CBIRC Issues Rules to Standardise ECL Processes at Banks
Darien Choong, Regulation Asia May 23, 2022The rules will address differences in how banks have implemented the ECL method, and prevent its use as a "tool" to adjust profits.
