The CBIRC is seen to be enforcing strict penalties in order to strengthen market discipline and improve internal control and governance at banks.
June 22, 2022The Common Ground Taxonomy, first published in November by the EU and China, was updated following consultation.
June 17, 2022Chinese nickel producer Tsingshan Holding Group has secured a liquidity facility to help it meet its margin and settlement obligations on the LME.
March 16, 2022State-owned entities are being asked to provide data on their exposures energy and commodity-linked derivatives contracts.
March 10, 2022The pilot scheme began in September with 4 domestic banks being allowed to offer retirement wealth management products in four cities.
March 2, 2022BlackRock CCB Wealth Management will be able to launch retirement WMPs in Guangzhou and Chengdu for a one-year trial period.
February 15, 2022Six domestic banks and five foreign banks were selected to serve as market makers of the KRW-RMB direct trading market in 2022.
January 4, 2022$500mn worth of floating rate senior green notes were issued by China Construction Bank's Macau branch using the China-EU Common Ground Taxonomy.
January 3, 2022The FSB says work is under way to build up external TLAC for the four Chinese G-SIBs, but that all other G-SIBs report that they already meet or exceed the final TLAC requirement.
December 8, 2021The banks will pilot new wealth management products across four selected cities to help address China's retirement savings gap.
December 1, 2021