The regulator has fixed the minimum net capital for commercial lenders' wealth management subsidiaries at 500 million yuan, and at least 40 percent of the net assets.
December 6, 2019China's banking regulator has issued new rules requiring mandatory disclosure of NSFR every six months, and additional public disclosures of NSFR data on banks' websites.
March 21, 2019ICBC has become the 5th bank to receive approval to set up a wealth management subsidiary, through which it can channel WMP funds into the stock market.
February 18, 2019Wealth management subsidiaries set up by commercial banks can directly invest funds from wealth management products into the stock market.
December 4, 2018Regulators will designate more financial institutions as 'too big to fail' and subject them to additional prudential and supervisory requirements.
November 29, 2018China is planning to install anti-graft officials at some of the largest state-owned financial institutions in the country, according to an SCMP report.
November 9, 2018The central bank said China might implement the TLAC framework earlier than 2025 because the country's ratio of credit bonds to GDP may exceed the 55% trigger set by the FSB.
November 8, 2018ICBC, ABC and CITIC illegally extended loans to unqualified companies or industries, inflated the size of their deposits, engaged in illegal shadow-banking actives, and had shortcomings in their credit risk management.
June 25, 2018