All posts tagged "Bank of Communications"
-
249Hong KongSFC Imposes Lifetime Ban on Former BoCom Banker
The ban follows an August 2018 conviction, where the former banker was found guilty of soliciting illegal commission payments from a client for stock trading profits.
September 24, 2019 -
327Capital RegulationPBOC Sets Mortgage Rate Floor to Curb Risk
The rate on mortgages for first-time home buyers must be at least the loan prime rate; for second-time home buyers it must be at least LPR plus 60bp.
August 28, 2019 -
573ChinaFormer China Development Bank Chairman in Corruption Probe
The bank's former chairman is said to have channelled bribes to a party official from the now-missing former chairman of a conglomerate, CEFC China Energy.
August 1, 2019 -
720Fintech / RegtechHKMA Reports on Open API Implementation Progress
Phase I Open APIs provide information on banking products and services. Phase II will allow banks to process applications for such products and services by end-October.
August 1, 2019 -
1.2KAML / KYC
HKMA Grades SVF Sector as ‘Medium Risk’ in Latest AML/CTF Assessment
While most of the sector presents low risk, higher risk has emerged in SVF products that allow overseas cash withdrawals, cross border remittances, and person-to-person transfers.
July 22, 2019 -
730ChinaCBIRC Green-Lights Three City Commercial Banks’ WMP Units
Bank of Hangzhou, Bank of Ningbo and Huishang Bank will form the first batch of city commercial banks to join larger rivals in setting up wealth management subsidiaries.
July 5, 2019 -
608AML / KYCUS Court Finds Chinese Banks in Contempt in Sanctions Probe
A US district court has reportedly found three Chinese state-owned banks in contempt for failing to comply with requests for evidence related to a North Korea sanction probe.
June 26, 2019 -
783AML / KYCUS Judge Subpoenas Chinese Banks in Sanctions Probe – Report
A US federal judge has ordered three Chinese banks to provide documents in relation to a Hong Kong company which allegedly helped North Korea evade international sanctions.
May 7, 2019 -
465Capital Regulation10 Major Chinese Banks Planning Perpetual Bond Issuances
Following BOC's perpetual bond issuance in January, 10 more Chinese banks have announced plans to issue similar bonds, including ABC, ICBC and CCB.
May 3, 2019 -
512Capital RegulationCBIRC Orders Banks to Disclose NSFR Every 6 Months
China's banking regulator has issued new rules requiring mandatory disclosure of NSFR every six months, and additional public disclosures of NSFR data on banks' websites.
March 21, 2019
