Xiang was fired from his post as the CIRC's chairman in April 2017, and placed under investigation for accepting CNY 18.6 million in bribes between 2005 and 2017.
June 18, 2020China is planning to install anti-graft officials at some of the largest state-owned financial institutions in the country, according to an SCMP report.
November 9, 2018Xiang Junbo pleaded guilty to taking $3mn in bribes during his six years as head of former insurance watchdog as well as earlier in his career at PBOC and AgBank.
June 18, 2018Senior party official will take responsibility for merged banking, insurance regulator, as predicted by Regulation Asia last February.
March 26, 2018Super regulator’s major obstacle will be resisting the cycles of international financial history while meeting the challenges of a big, fast-growing economy.
March 19, 2018The merger will eliminate inefficiencies and regulatory overlap; rule making powers and prudential supervision responsibilities will transfer to China’s central bank.
March 14, 2018Informal transactions will no longer be allowed; market participants will need to sign written agreements.
January 8, 2018Exchange says insurer almost exclusively made short-term trades for 10 months.
November 10, 2016The China Insurance Regulatory Commission has issued new guidelines for insurance companies on the establishment of private equity funds that can invest in key industries supported by the government.
September 16, 2015