The framework sets out how the PCAOB will determine that it is unable to inspect the foreign audit firm of a US listed company and force a delisting.
Financial corruption and financial risks are intertwined, said senior inspector Xu Jiaai, speaking about corruption cases involving PBOC officials.
The mBridge project team has collaborated with private sector participants to identify 15 potential business use cases that are now being tested.
The PBOC says the common taxonomy will help promote China-EU green investment and financing cooperation and cross-border activities, while reducing the cost of green certification.
PBOC governor Yi Gang expressed concerns that some big tech firms have been collecting customer data without consent and misusing the data.
Government reviews will be mandatory if data exporters handle personal data of more than 1 million residents, or the “sensitive” personal data of more than 10,000 people.
Offshore online brokerages have been offering Chinese investors trading services for US and Hong Kong securities, without first obtaining a licence in China.
China’s ABS market will see continued rapid growth in the coming years as the policy environment becomes more standardised and open, says Chen Yin, Associate Director at Moody’s Analytics.
About half China's major Internet platforms have implemented plans to restructure their financial businesses. More progress is expected by year-end.
China’s G-SIBs must have total loss-absorbing capacity amounting to at least 16% of RWA and a leverage ratio of 6% by 1 January 2025.
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