China’s proposed banking security rules requiring foreign technology firms to turnover source codes and submit to audits were among items discussed in a recent high-level talks between Beijing and the U.S.
Draft proposals of new laws are the biggest in ten years and will streamline and clarify regulations in order to open up the economy.
The China Banking Regulatory Commission (CBRC) said it began a major restructuring of its departments for the first time in view of more regulatory and structural changes in the banking industry.
China’s regulators have tightened supervision of entrusted lending and margin finance in a bid to curb excessive leverage in buying mainland stocks.
Due diligence needs to dramatically improve to meet legal obligations and listing requirements.
The People's Bank of China has enlarged the deposit base for banks, but money traders are saying the new rule may inject far less cash into the system that many hoped.
China will start trading its first stock options next month in a bid to boost the development of the country’s capital markets.
China's Internet holding company Tencent has launched China's first private, internet-based bank as a result of a government regulation last year that effectively opened the state-controlled banking industry to private investors.
China and Thailand agreed to establish yuan clearinghouses to boost commercial ties between the two nations.
Proposed regulation is an important first step in risk management for banks and financial products.