Domestic authorities' actions, relative isolation of currency insulate global financial system from China risk.
PBOC data suggests moderation in growth; bad loans at $228.8bn, loans of concern at $495.3bn.
Lenders required to maintain, update catalogue of collateral and revalue once a year.
Banks should set up ‘inclusive finance’ divisions by year-end; lending to small enterprises will be incentivised.
Exchanges told to adhere to regulations on securities, futures and forex; tighten AML controls.
Proposed changes include greater enforcement, punishment powers for CSRC.
Feng Xiaoshu said to have made RMB248mn from illegal trades using family members’ accounts.
Fraud involved fake bank acceptance bills and ‘recycled’ wealth management products.
Banks ordered to conduct reviews of risk and compliance as new chairman Guo Shuqing toughens stance.
New clearing platform cuts direct link between third-party payment providers and banks.
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