Pre-approvals no longer required for wealth management, custody services; procedures simplified for branch opening, executive appointments, bond issuance.
Initially set for implementation this week, the market-oriented approach to listings will be pushed forward two years.
Shanghai Clearing House is permitted to clear certain swaps subject to mandatory clearing in China for the proprietary trades of its clearing members that are US persons.
Baihang Credit Scoring granted three-year licence to provide personal credit information services online.
The move was designed to curb options market activity and discourage speculation amid recent volatility, says Bloomberg.
Banking regulator seeks to send a warning to financial institutions of the consequences of misbehaving
Shanghai, Shenzhen exchanges have outbid India’s NSE to buy 25% of Dhaka Stock Exchange.
US regulator says deal didn’t comply with rules governing stock exchange ownership, lacked transparency on source of funds and relationships among investors.
FSDC should focus on horizontal coordination and supervision of regulatory agencies instead of the current vertical coordination; PBoC should have a greater supervisory role.
CBRC proposals would require banks to set up conduct management departments, submit conduct codes to regulator, establish whistle blower mechanism.
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