The CSRC's 600,000 yuan fine on Changsheng Biotechnology for falsifying data for a rabies vaccine form a small part of the 9.1 billion yuan it will have to pay.
The guidelines set a minimum cap for London-listed firms seeking to issue depository receipts in China, among other requirements.
Online FIs required to verify client identities, monitor terrorist organisations and activities, properly store client information and transaction records, and report large-value and suspicious transactions.
China may designate more firms as systemically important to the country’s $40 trillion financial sector. Authorities will shortlist 50 firms that potentially warrant this designation.
Announced at the end of a week-long national holiday, the RRR cut will free up $175bn in liquidity for banks to repay MLF funding and boost business lending.
The NZX board is making a conscious effort to move away from a domestic focused strategy and to develop global links, said its chairman James Miller in a letter to shareholders.
Industry body calls for streamlined securitisation framework, permanence of tax exemptions, and relaxation of rules for foreign investment into China's ABS market.
Brokerages and fund houses should ensure a “concise and transparent” network of overseas subsidiaries and ensure foreign units focus on the core business and not conduct any non-financial business.
Yao Gang was sentenced for taking 70 million yuan in bribes from 2006 to 2015 and for pocketing 2.1 million yuan in insider trading gains.
PBOC and MOF have issued guidelines clarifying the requirements for foreign governments and institutions issuing interbank bonds in China.