All posts tagged "CBIRC"
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508ChinaCBIRC Issues New Rules for Insurers’ Asset Management Products
Insurance asset management products may not invest more than 35% of net assets in shadow banking assets, and may not invest in commercial banks' credit assets directly.
March 27, 2020 -
386ChinaChina to Enhance Oversight of National Bad Debt Managers
The reforms are said to be in part aimed at shielding the Ministry of Finance from risk. The Ministry is the largest shareholder of each of the national AMCs.
March 27, 2020 -
216China
CBIRC Approves First National Bad Debt Manager in 20 Years
Jiantou Citic Asset Management will transition into a financial asset management company, making it the first new national distressed debt manager authorised since 1999.
March 18, 2020 -
754ChinaOffshore FIs More Hopeful of Access to China Bond Futures
A new pilot scheme to allow Chinese banks to trade government bond futures is a healthy step towards allowing foreign investors to finally tap it, experts believe.
March 12, 2020 -
275Capital Regulation
CBIRC Instructs Banks to Defer Loan Repayments for Small Businesses
The move follows all-time lows in China's manufacturing and non-manufacturing PMI figures, prompting analysts to cut their first quarter GDP growth forecasts to minus 6%.
March 2, 2020 -
353China
CBIRC Considers New Bad Debt Managers to Resolve P2P Loans
Companies in Shanghai, Zhejiang and Shenzhen have submitted applications to set up local asset managers to deal with bad loans, particularly those from P2P lending platforms.
February 28, 2020 -
472Capital RegulationPBOC Expands Special Re-lending Programme to Help More Businesses
The PBOC has instructed six state-owned banks to provide low-interest loans to a broader pool of companies than originally specified under a special re-lending programme earlier this month.
February 25, 2020 -
472ChinaChina Reopens Treasury Bond Futures Market to State-run Banks
The domestic treasury bond futures market was closed in 1995 following a panic sell-off and the collapse of China's largest brokerage at the time.
February 24, 2020 -
867AML / KYC
PBOC Fines Three FIs, 24 Officers for AML Compliance Failures
China Minsheng Bank, China Everbright Bank and Huatai Securities have been fined a combined 52mn yuan for failures in customer identification, transaction reporting and record keeping.
February 18, 2020 -
347Capital Regulation
CBIRC Asks Banks to Relax Loan Classification Standards
Local banks are asked to be more tolerant of bad loans and to reduce their profit targets, as the novel coronavirus epidemic keeps borrowers from resuming normal business operations.
February 13, 2020
