All posts tagged "CBIRC"
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525ChinaFormer Citic Bank Exec Sentenced to 15 Years’ Jail for Bribery
The conviction is said to be linked to a criminal case involving the head of a Citic Group asset management subsidiary.
September 27, 2020 -
239Capital RegulationCBIRC Raises Leverage Limits for Microfinance Companies
Microfinance companies can issue standardised debts such as bonds and ABS products up to 4 times net assets, compared to 0.5 to 3 times net capital previously.
September 21, 2020 -
1.0KChina
CBIRC Steps Up Efforts to Control Risks in Internet Finance
Regulators are working to include internet lending in credit reference systems, and to make it easier to jointly punish dishonest borrowers.
September 17, 2020 -
645China
CBIRC Fines Four Banks and Huarong for Violations
Minsheng Bank, Zheshang Bank, Guangfa Bank, Huaxia Bank and Huarong Asset Management were fined a combined 320mn yuan for various violations.
September 8, 2020 -
415ChinaCBIRC Approves First Foreign Owned Money Broker in China
Japan’s Ueda Yagi Tanshi’s application to establish a wholly-owned money broker in China has been approved.
September 8, 2020 -
1.1KCapital RegulationState Council Approves Rules for Financial Holding Companies
Based on last year's consultation, non-financial enterprises that control financial sector businesses will need a licence to operate financial holding companies.
September 7, 2020 -
563ChinaChina to Expand Stock Connect, Deepen Reforms – Reports
The scope of investment products foreign investors can trade via Stock Connect will be expanded, among other reforms, said the CSRC's Fang Xinghai.
September 7, 2020 -
1.2KChinaGreen Finance Alliance for Greater Bay Area Launches
The Alliance has been established to increase funding channels for green projects and guide government policies and investment projects.
September 6, 2020 -
470China
CBIRC Issues Action Plan to Enhance Governance at Banks, Insurers
The action plan outlines a series of targeted measures and an implementation timetable to improve corporate governance at banks and insurers.
September 6, 2020 -
622ChinaCSRC Grants Citigroup Fund Custody Licence in China
Standard Chartered is the only other foreign bank to have obtained a fund custody licence in China. Citi becomes the first US bank to do so.
September 3, 2020
