All posts tagged "CBIRC"
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21ChinaChina: SAFE Approves $5b in QDLP Quotas for Hainan
The QDLP pilot programme will enable foreign fund managers to raise money in Hainan for investments overseas.
April 15, 2021 -
96ChinaRegulators Order Ant Group to Establish Financial Holding Company
Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.
April 13, 2021 -
75ChinaJD Digits to Set Up Financial Holding Company: Report
The financial holding company will be separate from JD Digits’ other technology businesses, and is aimed at achieving compliance with new rules for China’s fintech sector.
April 13, 2021 -
110ChinaChina to Open Foreign Access to Hainan Financial Services Sector
Foreign FIs will be encouraged to establish joint venture banks with local firms. Foreign investors will be allowed to invest in financial products issued by Hainan FIs.
April 13, 2021 -
44ChinaCBIRC Reiterates Warning Against Loan Misuse in Property Market
In Shanghai, 339 million yuan in business and consumer loans has been misused to pay for down payments for homes.
April 10, 2021 -
110Capital RegulationPBOC, CBIRC Issue Draft Rules on D-SIB Capital, Supervision
Banks designated as D-SIBs will be subject to a capital surcharge of between 0.25 and 1.5 percent, on top of the mandatory capital adequacy ratios.
April 7, 2021 -
245AML / KYC
China Issues Draft Rules on Beneficial Ownership Identification
FIs will be required to verify the identities of all ultimate beneficial owners of accounts opened and maintained for all customers.
April 3, 2021 -
140China
China Proposes Tighter Rules for Credit Rating Agencies
The proposed rules seek to strengthen supervision of credit rating agencies, improve their independence and quality controls, and ensure more realistic ratings.
March 31, 2021 -
107ChinaChina Regulators to Punish Property Speculators for Loan Misuse
Banks are instructed to identify borrowers misusing business loans for property speculation. A nationwide regulatory inspection will run until 31 May.
March 30, 2021 -
117ChinaCBIRC Fines Citic Bank for Failure to Protect Customer Data
The penalty is likely related to a complaint by a popular comedian that Citic Bank leaked his personal data on the Internet.
March 26, 2021
