All posts tagged "Bank of Communications"
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1.2KAML / KYCTwo Singaporeans Charged for Cheating Eight Banks
Two former employees of a crude oil products supplier allegedly created fictitious sales contracts and invoices to obtain $340mn in financing from eight banks.
June 16, 2020 -
984ChinaCBIRC Fines Eight Banks Over Poor Quality of Reported Data
The banks were each fined between 1.6mn and 2.7mn yuan for underreporting information on certain transactions, wealth management products, and credit asset transfers.
May 14, 2020 -
611AML / KYCSFC Fines BOCOM International Securities for “Serious” Breaches
The brokerage did not have effective controls to identify third party deposits, and "extensive deficiencies" were found in its handling of margin lending and margin calls.
April 20, 2020 -
1.0KHong KongHong Kong Expands 100% Loan Guarantee Scheme Ahead of Launch
Administered by HKMC Insurance, the Special 100% Loan Guarantee Scheme has been expanded to total guarantees of HK$50bn, alongside a doubling of the per-enterprise loan limit.
April 17, 2020 -
710ChinaChina Opens Treasury Bond Futures Market to ICBC, BOC, BoCom
Participation by the three banks in the treasury bond futures market will improve liquidity, enhance price discovery, and create a more meaningful yield curve.
April 14, 2020 -
1.0KChinaOffshore FIs More Hopeful of Access to China Bond Futures
A new pilot scheme to allow Chinese banks to trade government bond futures is a healthy step towards allowing foreign investors to finally tap it, experts believe.
March 12, 2020 -
485ChinaBank of Communications Manager Gets Nine Years Jail for Bribery
The former manager accepted more than 10 million yuan in bribes and embezzled a further 820,000 yuan, representing illegal gains from organising employee competitions and events.
March 12, 2020 -
627China
China Reopens Treasury Bond Futures Market to State-run Banks
The domestic treasury bond futures market was closed in 1995 following a panic sell-off and the collapse of China's largest brokerage at the time.
February 24, 2020 -
569China
CBIRC Offers Update on Banking, Insurance Opening-Up
From January to October, the CBIRC has approved over 30 applications from foreign firms looking to either establish operations or commence business in China.
December 12, 2019 -
441Capital RegulationCBIRC Finalises Net Capital Rules for Banks’ Wealth Management Units
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, 2019
