All posts tagged "China Construction Bank"
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754ChinaChinese Regulators Probe New ‘Group Savings’ Products at Banks
‘Group savings’ products allow customers to join together as participants to receive better interest rates on savings, wealth management and loans
May 30, 2020 -
891China
CBIRC Fines Eight Banks Over Poor Quality of Reported Data
The banks were each fined between 1.6mn and 2.7mn yuan for underreporting information on certain transactions, wealth management products, and credit asset transfers.
May 14, 2020 -
494ChinaChina: Bond Underwriters Pledge to End Excessive Price Competition
The pledge is part of a "self-discipline" pact which NAFMII asked bond underwriters to sign, in a bid to end the practice of offering ultra-low underwriting fees to gain market share.
May 5, 2020 -
1.3KChinaPBOC Launches Digital Yuan Pilot Tests in Four Cities – Reports
Four state-owned banks and three telecom companies, along with Tencent and Alipay, are all said to be involved in the development of the digital currency.
April 20, 2020 -
1.1KChinaGoldman, Morgan Stanley Approved to Control China Securities JVs
The two US banks have approval to raise their stakes in their securities joint ventures to 51%. On 1 April, foreign ownership caps for securities firms and fund managers will be scrapped entirely.
March 30, 2020 -
966ChinaOffshore FIs More Hopeful of Access to China Bond Futures
A new pilot scheme to allow Chinese banks to trade government bond futures is a healthy step towards allowing foreign investors to finally tap it, experts believe.
March 12, 2020 -
542Capital Regulation
PBOC Expands Special Re-lending Programme to Help More Businesses
The PBOC has instructed six state-owned banks to provide low-interest loans to a broader pool of companies than originally specified under a special re-lending programme earlier this month.
February 25, 2020 -
599ChinaChina Reopens Treasury Bond Futures Market to State-run Banks
The domestic treasury bond futures market was closed in 1995 following a panic sell-off and the collapse of China's largest brokerage at the time.
February 24, 2020 -
3.2KAML / KYC
PBOC Fines Three FIs, 24 Officers for AML Compliance Failures
China Minsheng Bank, China Everbright Bank and Huatai Securities have been fined a combined 52mn yuan for failures in customer identification, transaction reporting and record keeping.
February 18, 2020 -
445ChinaAmundi-BOC Wealth Management JV Wins CBIRC Approval
The joint venture is expected to launch during the second half of 2020. Amundi will own a 55% stake while BOC Wealth Management will own the other 45%.
December 23, 2019
