The proposed rules prohibit misleading sales, compulsory product bundling, unreasonable charges, and "algorithmic discrimination".
May 23, 2022The rules will address differences in how banks have implemented the ECL method, and prevent its use as a "tool" to adjust profits.
May 23, 2022The campaign aims to resolve arrear payments due to SMEs for projects, goods and services purchased by government agencies, state-owned institutions and large enterprises.
May 23, 2022The CBIRC expanded the types of financial products insurance funds can invest in and clarified regulatory requirements for entrusted investment of insurance capital.
May 20, 2022The move is designed to revive the property market. Last week banks were also directed to adjust how they set deposit rates.
May 17, 2022The PBOC's Yu Wenjian said increasing lending is a key area where FIs can help Covid-hit firms to restart work and production.
May 13, 2022A new CBIRC notice is aimed at encouraging banks, wealth management firms and life insurers to develop their commercial pension business.
May 12, 2022Customers of multiple rural banks complained that banking service disruptions have prevented them from withdrawing their money.
May 9, 2022The CSRC and stock exchanges will support fundraising by SMEs and real estate firms, and encourage listed companies, their shareholders, and institutional investors to buy more stock.
May 9, 2022ICBC, China Everbright Bank and China Post Life Insurance violated the CBIRC's rules for handling customer complaints and reporting complaints data.
May 8, 2022