The first paper calls for effective regulation to gain payments-related benefits. The second highlights concentration risks applicable to stablecoins and their holders.
December 27, 2022ICBC, Bank of China, China Construction Bank and Agricultural Bank of China will launch encourage personal deposits in retirement savings products.
August 10, 2022Guangzhou's financial regulator will seek to attract talent and capital to the city and promote it as a wealth and asset management centre.
June 9, 2022The former BOC managers stole the bank's money and laundered it through Canada and the US, in a case that dates back 20 years.
November 22, 2021Regulators are reportedly working to simplify cross-border bank account opening processes to facilitate the launch of Wealth Management Connect.
March 16, 2021Bank of China was fined over 50mn yuan and ordered to correct deficiencies, strengthen compliance awareness and improve risk management.
December 7, 2020Seven banks have temporarily stopped opening new accounts for precious metals trading amid concerns that heightened volatility could lead to losses and complaints.
December 1, 2020China should prepare for potential US sanctions by increasing the use of CIPS for cross-border transactions, and by developing legislation similar to the EU’s blocking statute.
July 30, 2020Singapore’s High Court has reportedly appointed KPMG executives as interim judicial managers to oversee a transition to new management at ZenRock Commodities, an oil trading firm.
May 10, 2020The move followed a determination by the Financial Stability and Development Committee that the bank was at fault for not following investment suitability principles.
May 8, 2020