Four domestic banks will test wealth management products for one year in Wuhan, Qingdao, Chengdu and Shenzhen.
Qianhai in Shenzhen will be used to strengthen cooperation with Hong Kong while Hengqin in Zhuhai will serve to strengthen cooperation with Macao.
The draft rules cover issuance and listing rules, audit rules, and rules for refinancing and major asset reorganisations of listed companies.
Ant Group's lending businesses Huabei and Jeibei will also have to transfer data used for lending decisions to a new credit scoring joint venture.
He Xingxiang is the second most senior official at China Development Bank to become the subject of a corruption probe.
Banks have to first issue loans to micro, small and self-employed businesses before applying for the equivalent amount of relending from the PBOC.
The PBOC, HKMA and AMCM have published the implementation details to support the launch of the Cross-boundary Wealth Management Connect Pilot Scheme.
Haitong is suspected of negligence and violations of law and regulations when it served as financial adviser on a deal to help a client on a backdoor listing deal.
The southbound leg of Bond Connect will also be launching shortly. A press release will be held this afternoon to announce implementation details.
BlackRock is the first foreign asset manager to launch a wholly-owned onshore mutual fund business in China.
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