Taiwan's Financial Supervisory Commission (FSC) has asked banks to increase their allowance for risk exposure when they extend credit and establish short term trade balances with Chinese banks.
Trade groups from the US, Europe and Japan urged China to suspend guidelines that may shut out foreign technology suppliers in the country’s banking industry.
China’s State Council has approved a plan to reform China Development Bank and two other lenders to make them more responsive in funding initiatives in line with the country's growth policies.
Implications of market structure changes for surveillance and risk management professionals.
The China Securities Regulatory Commission has imposed new sanctions on six securities firms in an effort to control margin finance, an expanding form of securities lending that is fuelling a rally in shares.
China has agreed to delay the implementation of rules that require banks to purchase “safe and controllable” technology products, effectively excluding some foreign technology firms in the market.
Foreign banks stand to benefit from the launch this year of China’s international payment system (CIPS), which is seen to end the monopoly that China's renminbi clearing banks enjoy.
Singapore and London are playing an increasingly important role in the adoption of the Chinese currency in global payments outside Hong Kong, said global transaction services organization SWIFT.
People's Bank of China governor Zhou Xiaochuan has vowed to further liberalize capital account controls this year in an apparent bid to convince the International Monetary Fund to recognize the renminbi as an international reserve currency.
China has allowed trade of two new types of stock index futures on the China Financial Futures Exchange (CFFEX) next month.
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