Didi passed its security review and is allowed to resume onboarding new customers. Government entities are acquiring "golden shares" in some tech giants.
January 18, 2023Banks are directed to allow accounting firms to use digital platforms to request and receive confirmation letters for use in audits.
January 16, 2023Banks and insurers are required to manage statistical reporting work centrally, from a dedicated department, and to establish data review, governance, and quality control mechanisms.
January 16, 2023The former head of the CSRC’s Shandong branch was found to have accepted gifts and bribes and engaged in illegal stock trading.
January 15, 2023Officials asked banks to align their credit policies with stability objectives, including to help improve cash flows and balance sheets at "high-quality" real estate firms.
January 13, 2023AIA and PICC said the incorrect data in their solvency reports was due to an incorrect understanding of the rules as well as calculation errors.
January 12, 2023Among other measures, the rules set requirements on the maximum term of different types of loans, to help banks guard against maturity mismatch risks.
January 11, 2023Top regulator Guo Shuqing said supervision of internet platform companies will normalise. Jack Ma has meanwhile ceded control of Ant Group.
January 10, 2023Auto finance companies will be allowed to set up overseas subsidiaries to provide financial services to Chinese automakers pursuing international expansion.
January 8, 2023China's FSDC has also told banking and securities regulators to ensure extra support is provided to “systemically important” property developers.
January 6, 2023