The proposed plan will allow Hong Kong insurers to set up offices in Guangdong and Macau, part of a large integration plan for the Greater Bay Area.
The appointment took employees by surprise on Friday as it was announced by an anti-corruption body official installed at ICBC rather than by the bank's own chief.
The PBOC introduced the credit risk mitigation tool last year to support bond issuances by private firms. Bank of Jinzhou will be the first to issue interbank CDs under the initiative.
The statement from the Chinese Communist Party's anti-corruption body did not provide details the alleged misconduct.
China’s debt-to-equity swaps programme has been dominated by state enterprises. More private companies are now being encouraged to participate to reduce short-term repayment pressures.
The three companies are among 117 that have so far applied for a listing. The three will now have to file listing registrations with the CSRC.
Huatai Securities reconfirming its intention to list depositary receipts on the LSE signals that the issues that delayed the Shanghai-London Stock Connect may now be resolved.
The trading of options and specified futures contracts conducted on the Shanghai Futures Exchange will be subject to the eligibility rules.
The resignation of EY as the auditor of Bank of Jinzhou comes as questions are being raised about the health of China's small and mid-size lenders.
The PBOC has reportedly established an independent entity to manage the deposit insurance fund, which was set up in 2015 and has so far accumulated 100 billion yuan.