Posts By Darien Choong
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924More Senior Officials Fall Under Corruption Probes in China
Darien Choong August 5, 2022Officials from the MIIT, CBIRC and PBOC have been named in a fresh round of corruption investigations.
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505PBOC Preparing to Require Environmental Disclosures from FIs
Darien Choong August 4, 2022The PBOC plans to release standards for environmental information and carbon emissions disclosures, along with a roadmap for implementation.
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339CBIRC to Prioritise Bank Capital, Property Market in H2
Darien Choong August 3, 2022At a meeting last week, the CBIRC said it would focus its work on enhancing regional banks' capital positions and ensuring the stability of the real estate market.
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659China Releases Domestically Unified Green Bond Principles
Darien Choong August 2, 2022The Principles will promote the unification of domestic green bond standards and integration with international green finance standards - including those from ICMA.
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835MAS Issues Sustainability Report, New Guidelines for ESG Funds
Darien Choong July 29, 2022The new guidelines will take effect from 1 January 2023, requiring fund managers in Singapore to disclose more information for any retail funds sold with ESG label.
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474Taiwan Prohibits Credit Card Usage for Crypto Transactions
Darien Choong July 28, 2022Credit card companies that process payments for transactions involving virtual assets will have three months to stop.
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330China FIs Asked to Boost Bond Issuance by Private Enterprises
Darien Choong July 28, 2022Financial institutions are asked to support private enterprises by helping them to issue bonds and increasing their investments in such bonds.
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294PBOC Calls on Banks to Support Recovery of the Culture, Tourism Sectors
Darien Choong July 27, 2022Banks are asked to provide financial support to businesses in the culture and tourism sectors that have been severely impacted by the pandemic.
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329Shanghai, Shenzhen Issue Pilot Rules for Affordable Housing REITs
Darien Choong July 27, 2022New rules specify that proceeds raised from affordable housing REITs may not be used to finance commercial housing and commercial real estate development projects.
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447HSBC Forms CCP Unit in Mainland Subsidiary – Report
Darien Choong July 26, 2022Under Chinese law, all companies are required to have a CCP unit, but this has so far not been widely enforced at foreign financial firms.
