A former China Merchants Bank president also pleaded guilty to bribery charges last week, and a new probe was launched into a former ICBC vice president.
November 13, 2023Former Bank of China chairman Liu Liange is one of the highest-ranking bankers to become entangled in China's anti-corruption campaign.
October 18, 2023China's digital yuan is gaining traction in domestic transactions, including in the aviation sector and in a Hong Kong shopping festival.
July 20, 2023Vivian Xue and Grace Wu at Fitch Ratings estimate the four Chinese G-SIBs will need to issue at least CNY 1.3 trillion in capital instruments by January 2025.
May 18, 2023Tian 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, 2022