The CBIRC said the bank did not properly protect its internal and wireless internet networks there was a risk of data leakage.
February 4, 2021The ex-head of the CBIRC’s Shanxi bureau was expelled from the Communist Party and referred for criminal prosecution for suspected bribery.
February 3, 2021The business, to be incorporated in Beijing, will be the first wholly foreign-owned insurance asset management firm in China.
February 3, 2021The PBOC is seeking to reduce excess leverage in the financial system to address concerns of potential medium and long term economic and financial risks.
February 1, 2021Major shareholders at some small and medium-sized institutions are deliberately concealing their affiliate relationships and using the institutions as ‘cash machines’.
January 31, 2021The draft rules set out six aspects of debt quality management that banks will have to incorporate in their systems, as part of efforts to prevent risks.
January 29, 2021While small banks face acute funding needs, larger banks and G-SIBs will similarly have to bolster capital to address rising NPLs and incoming regulatory requirements.
January 27, 2021PwC's South East Asia Consulting team discusses progress made to comply with BCBS 239 in Southeast Asian jurisdictions, providing an outlook and recommendations for the year ahead.
January 27, 2021To date, only bank creditors have been allowed to initiate the establishment of creditor committees, while nonbank financial institutions were often excluded.
January 21, 2021The PBOC and CBIRC have formally barred banks from selling personal fixed deposit products online via third party platforms, citing regulatory violations.
January 19, 2021