The guidelines set out four principles for all CBIRC-regulated financial institutions to incorporate in their reputation risk management systems.
The joint venture with BOCOM will become the third wealth management JV with foreign majority owners to receive regulatory authorisation in China.
The guideline indicates that green finance initiatives will be given a greater weighting in financial institutions’ performance evaluations.
The project, now called ‘m-CBDC Bridge’, will seek the development of a prototype to facilitate real-time cross-border transactions using multiple CBDCs.
The changes, effective from 22 March, are expected to result in $100mn of passive inflows to STAR Market stocks.
New rules require banks to contribute no more than 70 percent of the capital when providing loans through an online lending platform.
Regulators will explore the feasibility of allowing individuals to use their annual foreign exchange quotas to invest in overseas markets.
Russia's main bourse will open three hours earlier to promote currencies and derivatives trading by Chinese market participants.
The Wall Street Journal says Ant Group’s IPO was suspended last year due to its complex ownership structure and an unease over the likely beneficiaries of the listing.
New regulations set to take effect in May will enhance monitoring and penalties for illegal fundraising activities, with an emphasis on prevention and early detection.
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