The former chairman of China's largest policy bank took 85.5mn yuan in bribes to facilitate financing for others including CEFC China Energy and HNA Group.
January 12, 2021ICBC, China Development Bank, Great Wall, and Postal Savings Bank and a number of their subsidiaries were penalised almost 200mn yuan for various regulatory violations.
January 11, 2021Tencent’s payment platform Tenpay was fined for providing payment services for illegal and false transactions, and processing QR code payments without a licence.
January 7, 2021The listing strengthens financial markets connectivity between China and Singapore, and helps to internationalise China’s markets, China Development Bank said.
December 7, 2020Eligible collateral will include RMB, USD and EUR debt securities issued offshore by China's central bank, Ministry of Finance or policy banks.
November 21, 2020Hu Huaibang is said to have used his position to help CEFC China Energy and HNA Group obtain billions of dollars in credit that fuel their expansions.
February 15, 2020CEFC Shanghai Securities Co used its own and client funds to provide financing to its parent and other affiliated companies for purchasing and leasing properties.
November 18, 2019The bank's former chairman is said to have channelled bribes to a party official from the now-missing former chairman of a conglomerate, CEFC China Energy.
August 1, 2019China Development Bank's Shandong branch head, Zhong Xiaolong, was reportedly being probed in connection with illegal loan guarantees made by the bank's Jilin branch, where he was a former deputy head.
July 22, 2019The index inclusion will draw more liquidity into China’s onshore bond market and potentially spur more policy measures to further open up the market.
April 3, 2019