Henan Fraud: Bank Regulators Seek to Reassure Markets

21/07/2022

Some customers have had difficulty signing up for a repayment scheme and data has been removed from banks, delaying some payments.

Securities / Derivatives

CSRC to Pilot New Exit Channel for Investors in PE, VC Funds

17/07/2022

PE and VC funds will be able to distribute pre-IPO shares to investors for investee companies that end up listing on the stock market.

CBIRC Directs Banks, Insurers to Support Manufacturers

15/07/2022

The CBIRC says banks should “actively and rationally cede profits to manufacturing sector enterprises” while also strengthening risk controls.

AML / KYC

China Arrests Gang Responsible for Henan Bank Fraud

14/07/2022

The four Henan rural banks which froze withdrawals will start repaying some customers. The CBIRC pledged to formulate a disposal plan soon.

AML / KYC

HKMA Advances Work on AML SupTech, Bank-to-Bank Data Sharing

13/07/2022

HKMA executive director Carmen Chu discussed initiatives to enable bank-to-bank information sharing and use granular bank data to detect ML risk.

ESG / Sustainability

Taiwan Calls on Insurers to Invest in Six Strategic Industries

12/07/2022

Four insurers will be awarded incentives based on their investment performance in each of three phases running until 30 June 2025.

ESG / Sustainability

Taiwan to Streamline Identity Checks for Cross-border Remittances

10/07/2022

The customer identity verification process for regular and reasonable cross border remittances can be further streamlined, the FSC said.

China Strengthens Customer Protections in Credit Card Market

09/07/2022

New rules from the CBIRC and PBOC strengthen the obligations of banks in their card issuance, marketing, and fraud monitoring activities.

Market Infrastructure

China Eases Foreign Investor Access to Interbank Bond Market

06/07/2022

The measures include lower Bond Connect fees, a cross-border bond subscription service, and easier access to the FX market for hedging.