Enforcement

China: Top Banking and Securities Officials Accused of Corruption

09/12/2021

A new wave of anti-corruption probes has brought down senior officials and executives from the SSE, CSRC, CBIRC, ICBC and Everbright Bank.

China to Improve IP Financing Mechanism to Boost Cross-Border Trade

09/12/2021

The State Council is seeking to establish a cross-regional intellectual property transaction service platform, which would enable technology companies to pledge their IP for financing.

Securities / Derivatives

CSRC to Streamline Regulatory System for Listed Companies

08/12/2021

Rules and regulations from the CSRC, SSE and SZSE will be merged and integrated into 182 regulations, a reduction of 60 percent.

Taiwan FSC to Increase Flexibility of OBU Account Regulations

08/12/2021

Restrictions on fund movements and parking of funds in offshore banking unit accounts will be eased, the FSC said.

China to Redeploy Retiring Execs from Established to Smaller FIs

07/12/2021

Retiring senior professionals from large FIs will have the opportunity to serve as senior executives, independent directors or external supervisors at small and mid-sized banks and insurers.

CBIRC Issues Draft Rules on Fair Pricing of Banking Services

06/12/2021

Banks should not engage in unfair competition through low pricing, and they must not charge fees without providing substantive services.

Enforcement

Billionaire’s Arrest Signals China’s Intent to End Cross-Border Gambling

05/12/2021

Suncity Group’s Alvin Chau allegedly operated a gambling syndicate that used Macau as a base for an illegal “live web betting platform” in the Philippines, targetting customers in mainland China.

Enforcement

Shanghai, Shenzhen Bourses Crack Down on Shell Companies

04/12/2021

The new delisting system includes an indicator to measure the sustainability and operating ability of a listed company, to help eliminate shell companies.

Capital / Liquidity

Taiwan FSC Keeps List of D-SIBs Unchanged

04/12/2021

The FSC says the D-SIBs should take on more responsibilities to help Taiwan maintain financial stability and improve governance in the financial industry.