Existing groups that meet the requirements have 12 months to apply to the PBOC for establishment and licensing, with at least CNY 5 billion in registered capital.
September 15, 2020Based on last year's consultation, non-financial enterprises that control financial sector businesses will need a licence to operate financial holding companies.
September 7, 2020The bill provides the legal basis for the supervision of non-holding financial groups such as Samsung, Hanwha, Kyobo, Mirae Asset, Hyundai Motor, and DB.
August 26, 2020Under the bill, non-holding financial conglomerates like Samsung, Mirae Asset and Hyundai Motor will be subject to new requirements to monitor group risks and measure capital adequacy.
June 8, 2020The revisions will likely expand the PBOC's statutory responsibilities to include macro-prudential management, financial risk oversight, financial infrastructure and financial holding companies.
May 27, 2020The FSC expects the regulatory relaxations will boost financial institutions’ capacity to provide up to 400 trillion won in additional financing to businesses.
April 20, 2020The PBOC has announced key policies and tasks for 2020, following an annual work conference held last week in Beijing.
January 10, 2020Financial holding companies controlled by non-financial enterprises that meet certain conditions will be supervised by the PBOC, with licences issued by the State Council.
July 29, 2019The BSP gained sweeping new powers last month, but it did not gain the oversight authority over conglomerates that own or control Philippine banks.
March 7, 2019New rules for financial holding companies could include requirements on capital adequacy, caps on non-financial assets, and segregation of business units.
December 11, 2018