The statement from the Chinese Communist Party's anti-corruption body did not provide details the alleged misconduct.
The report identifies the prerequisites for creating an ecosystem that facilitates sustainable finance, and sets out 10 recommendations for growth and emerging markets.
The proposal could require all liquid funds to invest a fixed portion of their assets in government securities or other sovereign debt.
The pledge comes after 48 online lenders were cited for using customers’ personal data to publicly shame people who did not settle their debts on time.
Industry players and banking experts say the move will not only boost digital payments, but also make transactions faster, safer and cost-effective.
China’s debt-to-equity swaps programme has been dominated by state enterprises. More private companies are now being encouraged to participate to reduce short-term repayment pressures.
The user guide provides an overview of RFRs, details on how they are calculated, and options on how they can be used in cash products.
The Task Force said some of the results of its disclosure review and survey are encouraging, but not enough companies are disclosing decision-useful climate-related financial information.
The discussion paper describes the considerations CCPs take into account when planning and conducting default management auctions.
Further efforts are needed to reduce paper clearing and improve acceptance infrastructure (e.g. PoS devices) to enhance digital payments.