Zhang Yansen interfered in personnel arrangements of financial institutions, accepted bribes and used his influence inappropriately.
September 9, 2023A more detailed reform plan outlining the NAFR's institutional structure, personnel and responsibilities is expected by end August.
July 24, 2023The extension will helpensure financial services are available to support the delivery of completed properties to homebuyers.
July 11, 2023Pan Gongsheng replaces Guo Shuqing as party chief and is expected to also replace Yi Gang as central bank governor.
July 2, 2023The NAFR absorbs the CBIRC in its entirety, and takes over certain functions from the PBOC and CSRC.
May 19, 2023Vivian Xue and Grace Wu at Fitch Ratings estimate the four Chinese G-SIBs will need to issue at least CNY 1.3 trillion in capital instruments by January 2025.
May 18, 2023Li Yunze will head the NAFR (National Administration of Financial Regulation) as part of a broader restructuring of China's financial regulatory regime.
May 12, 2023The fine is the largest issued against a Chinese bank this year. In 2022, Bank of Shanghai had more complaints against it than any other corporate bank.
May 8, 2023ICBC allegedly released export documents for copper deals without collecting payment, resulting in $170m in losses to ING, which was financing those deals.
April 24, 2023Officials told bankers they should learn lessons from Bank of China chairman Liu Liange, who was recently placed under investigation.
April 5, 2023