The PBOC said the new entity will better serve the high-quality development and overall revitalisation of Liaoning.
February 7, 2021James Shipton has temporarily returned to his role as chair, but will step down in the coming months. Treasury will search for a new chairperson.
February 2, 2021The proposed regulatory rating system will be tested from 13 January until end-2021, following which full implementation will occur starting 1 January 2022.
January 19, 2021Consumer finance firms with the lowest ratings will be ordered to submit to a merger, acquisition, reorganisation, or to withdraw from the market.
January 17, 2021Intermediaries should draw reference from the sample code of conduct issued by the ICAC and provide appropriate training to directors, staff members and agents.
December 21, 2020Given the wide participation in Hong Kong by employers and employees in ORSO schemes which invest in PRFs, appropriate investor protection should apply.
December 21, 2020Bank of China was fined over 50mn yuan and ordered to correct deficiencies, strengthen compliance awareness and improve risk management.
December 7, 2020The rules prohibit issuers from directly subscribing to their own bonds in the interbank market or buying them indirectly through affiliates or asset management products.
November 20, 2020The revisions will enhance governance, improve board and senior management accountability, strengthen capital and risk management requirements, and raise penalties for violations.
October 19, 2020Agricultural Bank of China and China Construction Bank were fined more than a combined 90mn yuan and one individual was banned for life.
September 3, 2020