All posts tagged "Ministry of Finance"
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508ChinaChina Market Supervisor Issues Fines Against Luckin Coffee
Luckin was able to falsely inflate revenue, costs and profits last year with the help of 43 third-party companies, which have also been fined.
September 23, 2020 -
364EnforcementSaxo Japan Ordered to Bolster Controls After Data Breach
The breach included clients’ names, contact details, date of birth, bank account information, and identity verification documents of 750 clients.
September 22, 2020 -
755China
Chinese Regulators Complete Luckin Probe, Confirm Fraud
The Ministry of Finance and State Administration for Market Regulation both intend to impose administrative penalties against Luckin Coffee for fraud.
August 4, 2020 -
505ChinaChina Launches National Green Development Fund
The National Green Development Fund will be used to invest in key areas of green development along the Yangtze River Economic Belt.
July 31, 2020 -
814Capital RegulationChina Prepares to Bail Out State-owned Enterprises, Banks
State-owned China Reform Holdings has set up a bailout fund to help ensure SOEs can avoid bond defaults. Meanwhile, 18 provincial governments have approval to inject capital into banks.
July 28, 2020 -
792Asia-PacificBOT Launches Regulatory Sandbox for P2P Lending Platforms
The BOT will seek to use sandbox testing to ensure P2P lending platform providers adopted appropriate risk management and user protection practices.
June 9, 2020 -
1.7KAsia-PacificRadical Steps Needed from Vietnam Banking Sector
Vietnam’s banking sector must take radical steps to adopt international capital rules, reporting requirements and trading practices, says Francois Denimal at FIS.
June 9, 2020 -
688China
Luckin Coffee Chairman Likely to Face Criminal Charges – Report
The CSRC and Ministry of Finance have reportedly found new email evidence indicating that chairman Lu Zhengyao instructed his colleagues to commit fraud.
June 9, 2020 -
580IndiaSEBI Panel Proposes Creation of ‘Social Stock Exchanges’
Non-profit organisations should be allowed to directly list bonds on social stock exchanges housed within existing exchanges such as the BSE or NSE, the SEBI panel suggests.
June 2, 2020 -
1.5KAML / KYCIndia to Tighten KYC Rules for Hong Kong, China FPIs
Alongside stricter KYC procedures during FPI registration, India may set a 10% beneficial ownership cap on foreign investment from China including Hong Kong.
May 27, 2020
