Major shareholders cannot use borrowed funds to invest in banks, take out loans from the banks they invest in, or have cross-shareholdings with other banks.
The new rules will help to standardise how commodity price indexes are compiled and improve transparency on the release of information.
Japan's Ueda Yagi Tanshi will become the first foreign firm to commence currency brokerage business in China under a fully-owned unit.
Liu Wenyi's case is said to be linked to the failure of Bank of Jinzhou as well as a corruption investigation involving a former head of Bank of Huludao.
The CBIRC said Mashang Consumer Finance violated product pricing rules, consumer rights, and fair trade regulations.
Cash management products are prohibited from investing in stocks, convertible bonds, or any financial instrument rated lower than AA+.
The law prohibits the entities being audited from refusing to provide information, delaying such provision, and submitting false information.
The governments of Dalian, Guizhou, Hubei, Shanxi and Xinjiang have reportedly unveiled plans to launch new fintech sandboxes this year.
Qinghai, Yunnan, and a prefecture in Xinjiang have joined Inner Mongolia in imposing restrictions on cryptocurrency mining.
The law states that Hainan will implement a "minimalist" investment approval system and create an "open, transparent, and predictable investment environment".
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