All posts tagged "China Everbright Bank"
-
399ChinaCBIRC Fines 21 Banks for Data Reporting Failures
State-owned banks including BOC, CDB, ICBC and CCB were fined a total of USD 13.8 million for data quality and reporting issues.
April 5, 2022 -
523ChinaCBIRC Expands Private Pension Trial to 10 Banks and 10 Cities
The pilot scheme began in September with 4 domestic banks being allowed to offer retirement wealth management products in four cities.
March 2, 2022 -
619ChinaCBIRC Approves BlackRock JV to Commence Private Pension Trial
BlackRock CCB Wealth Management will be able to launch retirement WMPs in Guangzhou and Chengdu for a one-year trial period.
February 15, 2022 -
374ChinaICBC, CCB Approved to Commence Private Pension Trials
The banks will pilot new wealth management products across four selected cities to help address China's retirement savings gap.
December 1, 2021 -
253ChinaChina Pilots New Scheme to Plug Retirement Savings Gap
Four domestic banks will test wealth management products for one year in Wuhan, Qingdao, Chengdu and Shenzhen.
September 15, 2021 -
403ChinaNAFMII Punishes Bond Underwriters Over SOE Default
The three banks failed to conduct proper due diligence and verify cash that appeared to be abnormally restricted when underwriting Yongcheng Coal’s bonds.
January 22, 2021 -
1.9KChinaChina Bond Default Shock Prompts NAFMII Underwriter Probe
Haitong Securities, Industrial Bank, China Everbright Bank, Zhongyuan Bank are suspected of violations, as recent defaults prompt concerns over the health of SOEs.
November 20, 2020 -
452China
CBIRC Moves to Stamp Out Abuse of Cheap Loans
Banks have reportedly been directed to reduce their structured deposits to January levels, as part of CBIRC efforts to stamp out abuse of cheap loans.
June 11, 2020 -
1.6KChina
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 -
5.5KAML / KYCPBOC 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
