All posts tagged "Bank of Communications"
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889ChinaCBIRC Fines Two Major Banks for Data Privacy Breaches
China Merchants Bank and Bank of Communications were fined for failing to protect the personal data of credit card customers.
August 9, 2020 -
1.3KAML / 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 -
1.2KChinaCBIRC 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 -
668AML / 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 -
1.1KHong 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 -
762ChinaChina 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 -
1.1KChinaOffshore 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 -
567China
Bank 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 -
692China
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 -
608China
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
