The FSB added Bank of Communications to the G-SIBs list and removed Credit Suisse and UniCredit. Three banks moved to a higher capital buffer bucket.
November 28, 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 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, 2023Schroders becomes the fourth foreign-owned asset manager to set up businesses in China, after BlackRock, Fidelity Investments, and Neuberger Berman.
June 12, 2023Lower deposit rates are expected to enable banks to provide more credit support to the economy.
June 8, 2023Mainland Chinese banks have reportedly started offering banking services to crypto firms in Hong Kong, which is seeking to become a major digital assets hub.
March 28, 2023China 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, 2022