China Citic Bank was fined CNY 225 million for 56 regulatory violations. Multiple other banks, asset managers, and insurers were also fined.
December 6, 2023A former China Merchants Bank president also pleaded guilty to bribery charges last week, and a new probe was launched into a former ICBC vice president.
November 13, 2023The inspections will target banks whose clients were among those charged in Singapore's S$2.8bn money laundering case.
October 19, 2023Former Bank of China chairman Liu Liange is one of the highest-ranking bankers to become entangled in China's anti-corruption campaign.
October 18, 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, 2023An individual apparently bought units to push up the price of Dasin Retail Trust, a China retail property trust providing exposure to the GBA.
August 22, 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, 2023Singapore's financial regulator also released an open-source toolkit for FIs to carry out assessment methodologies for FEAT (fairness, ethics, accountability and transparency) principles.
June 27, 2023