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.
US banks lobbied hard for a rollback of the Volcker Rule and a return to proprietary trading to bolster profits. They will soon find that it’s now a different world.
CBRC announces greater focus on shadow banking and lending norms; CBRC chief warns of looming “black swan” event in financial industry.
New guidance removes threat of criminal prosecution in cases of “non-serious” regulatory breaches and cooperation 'above and beyond' regulatory obligations.
Central bank chief expresses concern about growing gaps between credit and GDP, property prices and rents.