The PBOC has agreed to mobilise over CNY 10 billion from the national deposit insurance fund to repay customers who were defrauded by four rural banks.
June 19, 2023Xiao Jianhua was handed a 13-year jail term and CNY 6.5 million fine. His company, Tomorrow Holding, was fined CNY 55 billion.
August 22, 2022Hong Kong-based Capital Target was fined last May and ordered to reduce its shareholdings in a Taiwanese financial conglomerate.
August 15, 2022Bank customers in Henan province are demanding the return of billions of dollars of deposits after finding they were unable to withdraw their funds.
May 30, 2022The PBOC cited as examples the measures taken in relation to TMRW Group, Anbang, HNA Group, Baoshang Bank, Bank of Jinzhou and Hengfeng Bank, among others.
March 15, 2022A new BIS paper finds that banks with high shadow loans face higher funding costs in the wholesale market and witness lower returns during market stress.
February 11, 2022The rules prohibit major shareholders from concealing their equity relationships, interfering with operations, and engaging in connected transactions.
October 18, 2021Li Guorong is accused of taking bribes from entrepreneurs while serving as deputy head of a team appointed to take over Baoshang Bank.
September 30, 2021Li Guorong, the deputy head of the Sichuan bureau of the CBIRC, is being investigated for alleged corruption.
July 18, 2021Major shareholders cannot use borrowed funds to invest in banks, take out loans from the banks they invest in, or have cross-shareholdings with other banks.
June 22, 2021