A CBIRC circular outlines the measures it will take to align with CCP objectives, following inspections on the regulator carried out last year.
September 18, 2022China Minsheng Banking Corp was moved from Group 2 to Group 1, lowering its additional capital requirement.
September 12, 2022Banks in five cities will pilot the use of railway transport documentation to offer financial services to foreign trade enterprises.
September 12, 2022The law imposes an obligation on telecom companies and banks to help hunt down fraudsters, and requires the establishment of a risk information sharing mechanism.
September 8, 2022Among them, two CBIRC officials are accused of failing in their supervisory duties and for accepting bribes in exchange for favours.
September 6, 2022The plan will seek to transform Chongqing into a green finance hub in five years, with "rich green financial products and services".
August 31, 2022Banks, wealth management companies, and insurance companies are required to perform self-assessments to identify and rectify violations.
August 31, 2022Liaoning authorities say that the two banks violated laws and regulations, disrupted local financial order, and brought about "serious risks".
August 31, 2022The rules cover internal controls in relation to investment management, related party transactions, and risk reserves, among other areas.
August 29, 2022The CBIRC will form a new Internal Audit Department and merge its Risk Disposal Bureau with its Anti-Crime Bureau.
August 26, 2022