Tian Huiyu, who built China Merchants Bank into the nation's top retail bank, faces charges related to abuse of power, insider trading, and leaking internal information.
March 5, 2023China Merchants Bank, China Merchants Bank, UnionPay, and 26 of their responsible persons were fined for a total 31 regulatory violations.
January 10, 2023The G-SIBs are encouraged to improve their TLAC internal planning and management mechanisms and issue TLAC non-capital bonds in offshore markets.
December 1, 2022The former president was abruptly removed from his post in April, after spending nearly nine years building CMB into China's top retail bank.
October 13, 2022CFETS, Clearstream and Chinese financial institutions cooperated to execute the first triparty repo trades involving ESG-eligible bonds.
September 7, 2022State-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, 2022Mainland investment banks cannot act as SPAC promoters in Hong Kong, but commercial bank-affiliated institutions can.
March 14, 2022BlackRock CCB Wealth Management will be able to launch retirement WMPs in Guangzhou and Chengdu for a one-year trial period.
February 15, 2022If approved, Wanxiang Holding will become China’s first privately owned firm to operate a financial holding company.
February 11, 2022The banks will pilot new wealth management products across four selected cities to help address China's retirement savings gap.
December 1, 2021