The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.
February 1, 2023The PBOC will channel CNY 80 billion of loans through the bad debt managers, who are asked to match the amount with their own funds.
January 18, 2023Corporate bonds found to have debt repayment risks will be listed as "key focus objects" and subject to additional supervision by a special risk response team.
January 8, 2023China's FSDC has also told banking and securities regulators to ensure extra support is provided to “systemically important” property developers.
January 6, 2023Some "unscrupulous intermediaries" have been advertising and promoting "illegal" loan conversion as a way to reduce interest costs.
December 27, 2022Wells Fargo repeatedly misapplied loan payments, wrongfully foreclosed on homes and illegally repossessed vehicles, among other violations.
December 21, 2022Local market participants say the move will reduce the volume of tradable securities available in the market, but improve the quality of securitisations.
December 10, 2022Hong Kong's implementation of the Basel III final reform package is being deferred to allow the industry more time to prepare.
November 28, 2022The latest measures are being somewhat overshadowed by a new round of Covid-related lockdowns and protests in several Chinese cities.
November 28, 2022The new measures are being hailed as a "turning point" for the property sector, which accounts for a quarter of China's economy.
November 15, 2022