The “Big Four” accounting firms said they will fight a ruling by the US Securities and Exchange commission suspending their Chinese units for six months.
China moves ahead with reforms to overhaul its financial system as it eases bank rules on loan write-offs, while offering small lenders better access to funds.
China issues new rules to fight terrorism, requiring banks to report transactions suspected of links to terror activities and freeze assets of people named as belonging to terrorist groups.
Five Chinese firms announced on Monday that they had postponed their initial public offerings (IPOs) after China's stock regulator said overnight it would strengthen its supervision of IPOs.
The People’s Bank of China (PBC) and the China Banking Regulatory Commission (CBRC) jointly announced further regulation to better manage risks associated with credit asset backed securities.
Up to five private banks will be created in China this year as it aims to open up the financial sector and raise competition in the industry. The banks will be allowed to operate on a trial basis under the...