The head of dealing "turned a blind eye" to internal control deficiencies in relation to third party deposits brought to her attention by its staff since 2013.
June 24, 2020Designated 'data specialising institutions' will be able to use anonymised and pseudonymised customer data for statistical and industry research and for public documentation purposes.
June 11, 2020The CBIRC has set out banks and insurers' obligations when handling criminal cases that arise, including duties to investigate, issue reports, determine accountability and hand out punishments.
June 4, 2020The CSRC has granted approval for the Shanghai International Energy Trading Center to launch low-sulfur fuel oil futures trading, including for foreign investors.
June 3, 2020The YSX is asked to strengthen internal controls and establish an audit committee; six securities firms are asked to address document collection and record-keeping deficiencies.
May 25, 2020The new code comes into effect on 12 January, and gives public companies and registered issuers 6 months to submit a new manual on corporate governance.
January 10, 2020To trade NEEQ stocks, fund managers should have investment and research capabilities, and strong liquidity risk management, due diligence and internal control systems.
January 8, 2020The rules are intended for both domestic and foreign institutions, in line with recent draft rules from SAFE that sought to allow foreign firms to trade RMB foreign exchange derivatives.
December 12, 2019The CBIRC has issued draft rules cancelling the $1bn total asset threshold foreign FIs are currently required to meet to hold shares in domestic trust companies, among other revisions.
November 25, 2019The bank reportedly extended loans to persons connected to 'antisocial forces', and potentially executed over 100 fraudulent real estate loans.
May 28, 2019