To date, only bank creditors have been allowed to initiate the establishment of creditor committees, while nonbank financial institutions were often excluded.
January 21, 2021Ant Group affiliate Alibaba and Tencent have so far been resistant to sharing their loan data with credit databases such as Baihang.
January 15, 2021From end-March 2021, GBP LIBOR should no longer be used in any new loans, bonds, securitisations and linear derivatives that mature after end-2021.
January 14, 2021The FSS will look into whether loans granted to executives violated the capital market law and whether the firm influenced a merger involving one of its subsidiaries.
January 11, 2021The move is aimed at promoting the use of THOR as a new reference rate in derivatives and cash products, the central bank said.
January 5, 2021Loans to developers by large banks have been capped at 40% of total loans. Mortgages have been capped at 32.5% of total loans.
January 5, 2021A new enforcement decree will take effect in February 2021, lowering the maximum interest rate on loans from 24% to 20%.
December 30, 2020A standard business loan application form will simplify and improve the application process, while also facilitating banks’ risk assessments and speeding up turnaround time.
December 24, 2020China Galaxy Asset Management will receive its licence within ten days, and proceed with the necessary procedures to open for business in early 2021.
December 21, 2020In its fifth issue of 'Regtech Watch', the HKMA outlines four potential regtech use cases relevant to the pandemic environment.
December 18, 2020