BNP Paribas will partner with Bank of China to launch an e-CNY services for corporate clients and explore the CBDC's use in supply chain finance and other areas.
May 10, 2023MAS-PBOC green finance taskforce will work on taxonomy interoperability, the sustainability bond market, and digital green bonds.
April 24, 2023China's four G-SIBs have started working on issuing their first TLAC bonds. Each bank is planning to raise at least CNY 10 billion.
April 17, 2023Officials told bankers they should learn lessons from Bank of China chairman Liu Liange, who was recently placed under investigation.
April 5, 2023Mainland Chinese banks have reportedly started offering banking services to crypto firms in Hong Kong, which is seeking to become a major digital assets hub.
March 28, 2023Neuberger Berman and Fidelity International are launching new funds. AllianceBernstein won approval. UBS is planning to apply. VanEck is withdrawing.
March 6, 2023China Construction Bank, Bank of China, Standard Chartered China, China Minsheng Bank and China Bohai Bank were fined a combined CNY 387.9 million.
February 21, 2023The mortgages are being repaid early due to high interest rates and low returns from wealth management products. Early repayment affects bank profits and reduces consumption.
February 10, 2023Under rules released in 2021, China's four G-SIBs will have to hold TLAC equal to 16 percent of their risk-weighted assets by 1 January 2025.
January 18, 2023China's e-CNY system can also now capable handle offline payments, and "tap to pay" can function when devices are powered off.
January 18, 2023