All posts tagged "CBIRC"
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233Capital RegulationCBIRC Urges Acceptance of IP Pledges as Loan Collateral
Financial institutions are encouraged to “actively carry out intellectual property pledge financing business” to provide greater support to innovative enterprises in their development.
August 20, 2019 -
310ChinaCBIRC Fines WeBank $285m for Multiple Lending Violations
An inspection last year found that some employees at the digital bank used consumer loans to invest in stock and futures trading.
August 14, 2019 -
431Asia-PacificAPAC Not Fully Meeting IFRS 9 Disclosure Objective: Moody’s
Significant variations in reporting practices in some cases do not meet the disclosure objective of IFRS 9, Moody's says, describing HSBC Hong Kong and Hang Seng Bank as best in class.
August 13, 2019 -
508Capital RegulationChina Intervenes to Support a Third Troubled Bank
China’s sovereign wealth fund and the Shandong provincial government will invest in Hengfeng Bank, which failed to disclose its financial statements for two straight years.
August 12, 2019 -
369ChinaChina Allows Banks to Trade Bonds Via Stock Exchanges
Currently, Chinese banks mostly trade bonds only in the interbank market. The move will increase their allowed scope for bond investments and improve the real economy’s access to financing.
August 8, 2019 -
477Capital RegulationChina to Support Banks that Swap Corporate Debt for Equity
The new measures encourage banks to set up subsidiaries to invest in debt-for-equity swaps, helping them to offload distressed debt and ease rising NPL pressures.
August 1, 2019 -
299ChinaAnother CBIRC Official Placed Under Corruption Probe
China's Central Commission for Discipline Inspection has reportedly opened a corruption probe into the CBIRC's Fujian branch head, Qi Xinzheng.
July 30, 2019 -
646Capital RegulationICBC, Cinda, Great Wall to Restructure Troubled Bank of Jinzhou
An ICBC unit will invest up to 3 billion yuan for a more than 10% stake in Bank of Jinzhou, whose auditor quit in May citing loan inconsistencies.
July 29, 2019 -
485Capital RegulationCBIRC Issues New Rules to Raise Transparency on Bank Ownership
By end-June 2020, all banks must provide the complete and accurate register of their shareholders to custodian institutions who will manage the register moving forward.
July 26, 2019 -
605Capital Regulation
CBIRC to Launch Special Inspections Targeting Property Lending Practices
The special inspections will reportedly involve 75 banks in 30 cities, scrutinising all aspects of property-related loans, as regulators seek to reign in risk.
July 24, 2019
