China

Securities firms are prohibited from working with social media influencers who are not licensed. Providing investment recommendations via livestreaming is banned.

The ruling is is step towards building China’s legal framework that will allow millions of individuals to reorganise their debts.

The PBOC will improve the e-CNY's settlement efficiency, privacy protection, anti-counterfeiting measures, and interoperability with existing payment tools.

Directors and senior managers of financial institutions that deliberately violate the regulations can be fined between CNY 50,000 and CNY 500,000.

Intelligent AML solutions need to achieve a fine balance between compliance, transparency, effectiveness, and efficiency, say Amber Qin and Sophia Wu from Ant Group.

Financial stresses in China could strain global financial markets and affect the US, the Federal Reserve says in its financial stability report.

Phase 1 connectivity supported exports to Hong Kong and imports from the Mainland, while phase 2 will cover exports to the Mainland and imports from Hong Kong.

New rules are coming into effect at the end of the year which require banks to have separate units for their wealth management business.

The PBOC will provide lenders up to 60 percent of the principal of carbon emission reduction loans at an interest rate of 1.75 percent.

The two ex-bankers have relaxed risk controls and used customised rules to facilitate loan approvals for certain borrowers in exchange for bribes.