All posts tagged "CBIRC"
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54ChinaChina Allows Nonbank Creditors to Initiate Creditor Committees
To date, only bank creditors have been allowed to initiate the establishment of creditor committees, while nonbank financial institutions were often excluded.
January 21, 2021 -
95ChinaPBOC, CBIRC Restrict Online Sale of Deposit Products by Banks
The PBOC and CBIRC have formally barred banks from selling personal fixed deposit products online via third party platforms, citing regulatory violations.
January 19, 2021 -
104China
CBIRC To Supervise Insurance AMCs Based On Regulatory Ratings
The proposed regulatory rating system will be tested from 13 January until end-2021, following which full implementation will occur starting 1 January 2022.
January 19, 2021 -
81China
CBIRC Sets Out New Rating System for Consumer Credit Sector
Consumer finance firms with the lowest ratings will be ordered to submit to a merger, acquisition, reorganisation, or to withdraw from the market.
January 17, 2021 -
124Capital RegulationChina to Allow Banks to Dispose of Non-performing Personal Loans
Banks have reportedly been asked to prepare for a trial programme that will see China’s bad debt managers buy up soured personal loans.
January 14, 2021 -
165ChinaCBIRC Penalises State-owned Financial Institutions and Subsidiaries
ICBC, China Development Bank, Great Wall, and Postal Savings Bank and a number of their subsidiaries were penalised almost 200mn yuan for various regulatory violations.
January 11, 2021 -
111Capital Regulation
CBIRC Directs Rural Banks to Merge, Reorganise to Contain Risks
The CBIRC says rural banks should boost capital, merge with other institutions, or introduce strategic investors to mitigate financial risks.
January 11, 2021 -
266ChinaChina Relaxes Restrictions on Cross-Border RMB Business
Domestic banks can open personal RMB accounts for Hong Kong and Macau residents, which can be used to receive up CNY 80,000 daily from same name accounts.
January 6, 2021 -
123Capital Regulation
PBOC, CBIRC Impose New Caps on Property Lending by Banks
Loans to developers by large banks have been capped at 40% of total loans. Mortgages have been capped at 32.5% of total loans.
January 5, 2021 -
85China
CBIRC to Allow WMPs to Be Sold Through Bank Channels
Under draft rules, banks that absorb public deposits are allowed to act as agents to sell wealth management products issued by wealth management subsidiaries.
January 5, 2021
