China Citic Bank was fined CNY 225 million for 56 regulatory violations. Multiple other banks, asset managers, and insurers were also fined.
December 6, 2023The FSB added Bank of Communications to the G-SIBs list and removed Credit Suisse and UniCredit. Three banks moved to a higher capital buffer bucket.
November 28, 2023State-controlled Central Huijin Investment increased its stake in China's big four banks and plans to continue buying shares for the next six months.
October 13, 2023China's big four banks have estimated TLAC shortfalls of around CNY 2.3 trillion based on requirements taking effect on 1 January 2025.
September 14, 2023The measures are part of efforts to support the economy, the property sector, and the Chinese yuan.
September 4, 2023Several violations involved the improper use of loan proceeds by borrowers such as to fund investments in property and securities.
August 23, 2023China has appointed Pan Gongsheng as the new central bank governor, ahead of a high-level meeting on financial policies and regulations.
July 28, 2023The FSS has directed three Chinese banks with branches in Seoul to take corrective measures to rectify disclosure and reporting violations.
July 24, 2023The big five state-owned banks have capped their dollar deposit rates at 2.8 percent, down from 4.3 percent previously, effective from 1 July.
July 5, 2023Vivian Xue and Grace Wu at Fitch Ratings estimate the four Chinese G-SIBs will need to issue at least CNY 1.3 trillion in capital instruments by January 2025.
May 18, 2023