The selected banks will play a leading role in price formation and in supplying liquidity to the KRW/RMB direct trading market.
January 3, 2021The platform was built by ICBC, China Construction Bank and other FIs, to improve industry cyber defences and prevention capabilities.
December 9, 2020MAS and Chinese regulators are collaborating on RMB internationalisation, exchange-traded funds, digital finance and green finance.
December 9, 2020The framework will take effect from 1 January 2021. The additional regulatory requirements for D-SIBs have not yet been announced.
December 7, 2020JP Morgan and China Construction Bank were raised to a higher bucket; Goldman Sachs and Wells Fargo were moved to a lower bucket.
November 12, 2020The $6mn in penalties against state-owned banks follows last week's unveiling of what will be China's first unified piece of national legislation on the protection of personal data.
October 23, 2020China Construction Bank was fined, while senior executives and responsible personnel at Shanghai Pudong Development Bank and Guangfa Bank were punished individually.
October 21, 2020Under the rules, China’s G-SIBs must have loss-absorbing capacity amounting to at least 16 percent of risk-weighted assets starting from 1 January 2025.
October 1, 2020Postal Savings Bank of China and China Citic Bank will join four other state banks in conducting initial tests and creating services for the digital currency.
September 3, 2020Agricultural Bank of China and China Construction Bank were fined more than a combined 90mn yuan and one individual was banned for life.
September 3, 2020