All posts tagged "BOC"
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1.5KFeatureSWIFT Completes Latest gpi Trial with Singapore FAST
All cross-border payments in the trial, which involved 17 banks across 7 countries, settled end-to-end within 25 seconds. SWIFT gpi has also now been introduced for corporates.
July 22, 2019 -
655ChinaCBIRC 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 -
538ChinaBOC Becomes LCH’s First Chinese Clearing Member
Bank of China now has access to clearing of interest rate derivatives at LCH, and can act as a clearing broker to offer the service to its clients.
June 21, 2019 -
480Capital 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 -
822China
BOCHK Launches Pilot Service for Mainland Account Opening
BOCHK has been granted regulatory approval to launch a pilot scheme that enables Hong Kong citizens to open a personal bank account in the mainland, remotely.
March 21, 2019 -
567ChinaCBIRC Green-Lights a Fifth Bank’s Wealth Management Subsidiary
ICBC has become the 5th bank to receive approval to set up a wealth management subsidiary, through which it can channel WMP funds into the stock market.
February 18, 2019 -
714Capital RegulationBOC Wins First-Ever Approval for Perpetual Bond Issuance
Bank of China's perpetual bond issuance is likely to see participation from foreign investors as China pushes to further open up its bond markets.
January 18, 2019 -
460ChinaS. Korea Designates 11 Banks as Won-Yuan Liquidity Providers
The banks selected by South Korea's central bank include 6 domestic institutions and 5 foreign institutions with local branches.
January 2, 2019 -
542Capital Regulation
China Promotes Perpetual Bonds to Replenish Bank Capital
The FSDC has given the green light to allow commercial banks to replenish their capital through issuing perpetual bonds. Bank of China likely to be the first to do so.
December 31, 2018 -
505China
CBIRC Issues Rules for Banks on Wealth Management Subsidiaries
Wealth management subsidiaries set up by commercial banks can directly invest funds from wealth management products into the stock market.
December 4, 2018
