Deputy chief of Monetary Authority also says banks cannot use ‘predatory tactics’ when competing for market share.
New rules will bring Hong Kong bank regulatory regime in line with international standards.
Group of regulators says document represents ‘last step’ in its move to address systemic risk from open-ended funds.
Funds from accounts with no activity for 10 years to be used to fund public projects from Q2 2019.
New prudential tool to help stem losses from excessive credit growth; framework to be issued for consultation in first half of the year.
PBOC, CBRC say cost of setting up a parent holding company might outweigh the intended improvement in supervision.
State bank lowers CAR to 8 percent as analysts and bank executives start to worry about capital adequacy under Basel norms.
Head of Financial Supervisory Commission says to produce feasibility study this year; visit South Korea and Japan to investigate internet-only banking concept.
Branch of Shanghai Pudong Development Bank admits fault for issuing more than more than $12bn to over 1,400 shell companies.
Reports praise progress but suggest more can be done on governance at public sector banks, market infrastructure risk management, among other issues.