HSBC, StanChart, BOCHK, CCB, ICBC, Hang Seng Bank, Alipay, Ripple, Visa, Mastercard and ZA Bank are among those involved in HKMA's pilot.
May 19, 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, 2023Li Yunze will head the NFRA (National Financial Regulatory Authority) as part of a broader restructuring of China's financial regulatory regime.
May 12, 2023ICBC allegedly released export documents for copper deals without collecting payment, resulting in $170m in losses to ING, which was financing those deals.
April 24, 2023China's four G-SIBs have started working on issuing their first TLAC bonds. Each bank is planning to raise at least CNY 10 billion.
April 17, 2023The pricing of debt financing instruments underwritten by ICBC "seriously deviated from the reasonable level of the market" and "disturbed the market order".
April 6, 2023Under rules released in 2021, China's four G-SIBs will have to hold TLAC equal to 16 percent of their risk-weighted assets by 1 January 2025.
January 18, 2023China Merchants Bank, China Merchants Bank, UnionPay, and 26 of their responsible persons were fined for a total 31 regulatory violations.
January 10, 2023Standard Chartered Bank has become the first foreign bank to complete a transaction in China's treasury bond futures market.
January 10, 2023Chinese offshore dollar bonds have ended 14 months of losses. China's banks have vowed to extend at least USD 179 billion of financing help to developers.
December 16, 2022