Companies that provide data to foreign judicial or law enforcement agencies without approval can have their business licences revoked and be penalised up to CNY 5 million.
CBIRC chairman Guo Shuqing has highlighted credit risk, shadow banking, illegal fundraising, and derivatives trading as key sources of financial system risk.
Shenzhen's five-year plan calls for the establishment of foreign-controlled securities firms, investment funds, futures companies and insurers in the city.
Countermeasures can be taken against senior managers and actual controllers of firms included on the anti-sanctions list, as well as their family members.
BlackRock is the first foreign asset manager to win approval to launch a wholly-owned mutual fund business in China.
The PBOC will begin quarterly assessments of 24 major banks on their green finance performance under a new evaluation system starting 1 July.
Deposit-taking institutions, leasing companies, asset managers and insurers with assets exceeding a specified threshold are required to formulate recovery and resolution plans.
Directors are required to treat shareholders fairly and guarantee their rights, demonstrate high standards of professional ethics, and protect the rights and interests of stakeholders.
Hu Xiaogang, a former vice president of China Orient Asset Management, is under investigation for suspected corruption.
DBS Securities China, 51 percent owned by DBS Bank, has official commenced business operations under a new securities licence.
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