New guidelines aim to protect the interests of investors by improving the quality of and access to disclosures and increasing accountability in the asset management sector with regard to disclosures.
New regulations require overseas financial network and information services providers such as SWIFT to submit written reports to the PBOC.
Agricultural Bank of China has issued a ¥2mn loan backed by farmland from a Guizhou province branch; new system speeds up loan issuances and prevents fraud.
Deloitte, EY, KPMG and PwC will cooperate with a consortium of 20 banks to simplify the auditing process for public companies.
New rules are designed to standardise the sector including by strengthening supervision, preventing shadow banking risks, improving leverage controls and protecting investors' interests.
Platform will boost efficiency, lower costs and reduce fraud risks in trade finance for participating banks, which include HSBC, SCB, ANZ, BEA, DBS and Hang Seng.
New proposal would allow international payments firms to store data offshore while only maintaining a copy in India, following lobbying effort by MasterCard, Visa and American Express.
ASIC investigation found the branch manager accepted false documents to support loan applications and falsely attributed loans to obtain undue commissions.
New rules to attract overseas companies to list in Taiwan include the removal of a profitability requirement and a shortening of the FSC’s listing application review process.
Resident foreigners can invest in up to 35% of the share capital of YSX-listed companies from 1 August; plans to allow investment from overseas foreigners to be rolled out in due course.