The CBIRC says Huarong is actively cooperating with its auditor and will complete its annual report as soon as possible.
April 19, 2021The QDLP pilot programme will enable foreign fund managers to raise money in Hainan for investments overseas.
April 15, 2021Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.
April 13, 2021The 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, 2021Foreign 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, 2021In Shanghai, 339 million yuan in business and consumer loans has been misused to pay for down payments for homes.
April 10, 2021Banks 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, 2021FIs will be required to verify the identities of all ultimate beneficial owners of accounts opened and maintained for all customers.
April 3, 2021The proposed rules seek to strengthen supervision of credit rating agencies, improve their independence and quality controls, and ensure more realistic ratings.
March 31, 2021Banks are instructed to identify borrowers misusing business loans for property speculation. A nationwide regulatory inspection will run until 31 May.
March 30, 2021