The CBIRC identified issues with shareholder behaviour, related party transactions, risk management systems, and internal audit, among other areas.
Futures trusts will need to have dedicated risk management departments and be prohibited from conducting discretionary futures trades for clients.
Listed companies will need to seek approval from their shareholders for related party transactions worth more than 10% of company assets.
Directors and senior managers of financial institutions that deliberately violate the regulations can be fined between CNY 50,000 and CNY 500,000.
Fund managers are asked to review their offshore funds, including funds sold in China, and disclose exposures to weapons-related industries.
To support the green finance ecosystem, MAS and the industry will together develop four interoperable platforms under Project Greenprint.
New rules are coming into effect at the end of the year which require banks to have separate units for their wealth management business.
The two ex-bankers have relaxed risk controls and used customised rules to facilitate loan approvals for certain borrowers in exchange for bribes.
The current GIRO application process takes three to four weeks to complete. The eGIRO service will reduce turnaround time to a few minutes for consumers.
Financial corruption and financial risks are intertwined, said senior inspector Xu Jiaai, speaking about corruption cases involving PBOC officials.