China Merchants Bank, China Merchants Bank, UnionPay, and 26 of their responsible persons were fined for a total 31 regulatory violations.
January 10, 2023Standard Chartered Bank has become the first foreign bank to complete a transaction in China's treasury bond futures market.
January 10, 2023The G-SIBs are encouraged to improve their TLAC internal planning and management mechanisms and issue TLAC non-capital bonds in offshore markets.
December 1, 2022The coordinated move suggests the PBOC may have directed lenders to lower their deposit rates, which reduces bank funding costs and enables more lending.
September 19, 2022State-owned banks including BOC, CDB, ICBC and CCB were fined a total of USD 13.8 million for data quality and reporting issues.
April 5, 2022State-owned entities are being asked to provide data on their exposures energy and commodity-linked derivatives contracts.
March 10, 2022The pilot scheme began in September with 4 domestic banks being allowed to offer retirement wealth management products in four cities.
March 2, 2022The platform is expected to help wealth management companies expand and enhance their product sales channels - especially the WMC units of smaller-scale banks.
January 27, 2022The probe is rumoured to be linked to Hu Huaibang, the former chairman of China Development Bank who was sentenced to life in prison in January 2021 on corruption charges.
January 17, 2022Six domestic banks and five foreign banks were selected to serve as market makers of the KRW-RMB direct trading market in 2022.
January 4, 2022