All posts tagged "Bank of China"
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151ChinaAnother Top China Development Bank Exec Probed for Corruption
He Xingxiang is the second most senior official at China Development Bank to become the subject of a corruption probe.
September 14, 2021 -
116ChinaFirst BlackRock Mutual Fund in China Raises $1bn
BlackRock is the first foreign asset manager to launch a wholly-owned onshore mutual fund business in China.
September 10, 2021 -
419AML / KYCOFAC Fines Bank of China UK for Sudan Sanctions Breach
BOC UK’s internal customer database did not include reference to Sudan in the name or address fields of two customers despite knowledge of their location.
September 1, 2021 -
196ChinaCBIRC Fines Eight Lenders Over Property Loan Violations
China Construction Bank received the biggest penalty of CNY 6.1 million. ICBC and Agricultural Bank of China were fined CNY 1.5 million each.
August 3, 2021 -
415FeatureSWIFT’s Enhanced Platform Endorsed by Six Global Banks
Bank of China, BNY Mellon, BNP Paribas, Citi, Deutsche Bank and Standard Chartered have confirmed their preparations for the enhanced platform ahead of the November 2022 go-live.
June 29, 2021 -
190ChinaCBIRC Directs Banks to Stop Selling Commodities Futures – Report
The CBIRC has asked banks to completely unwind their books for commodities-linked products and stop selling them to individual investors.
May 28, 2021 -
668ChinaCBIRC Penalises Five Banks for Regulatory Violations
Huaxia Bank, China Bohai Bank, Bank of China, China Merchants Bank and Bank of East Asia's China branch were fined a total $56.9mn.
May 24, 2021 -
343ChinaICBC, Bank of China Approved to Invest in National Green Fund
The 'National Green Development Fund' was launched in July 2020 to spearhead investments in green projects and sustainable development.
May 1, 2021 -
398Capital RegulationPBOC, CBIRC Issue Draft Rules on D-SIB Capital, Supervision
Banks designated as D-SIBs will be subject to a capital surcharge of between 0.25 and 1.5 percent, on top of the mandatory capital adequacy ratios.
April 7, 2021 -
262ChinaSchroders Wealth Management JV Wins CBIRC Approval
The joint venture with BOCOM will become the third wealth management JV with foreign majority owners to receive regulatory authorisation in China.
February 24, 2021
