Deposit-taking institutions, leasing companies, asset managers and insurers with assets exceeding a specified threshold are required to formulate recovery and resolution plans.
June 12, 2021Huarong’s failure to publish its earnings by its 31 March deadline has prompted concerns of a default by China's largest distressed debt manager.
April 16, 2021The law will help cushion lenders from a build-up of bad loans due to the Covid-19 crisis, allowing them to dispose of bad assets and keep the banking system stable.
February 18, 2021ICBC, China Development Bank, Great Wall, and Postal Savings Bank and a number of their subsidiaries were penalised almost 200mn yuan for various regulatory violations.
January 11, 2021China 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, 2020Bank of Gansu, a Chinese regional lender listed in Hong Kong, will reportedly receive a capital injection from the Gansu provincial government, supported by the PBOC.
April 13, 2020The new charter bolsters the BSP's powers to exercise its core mandate of promoting a sound financial system and address risks arising from the financial system's interconnectedness.
March 4, 2019Many local government-run AMCs have not been focused on dealing with bad loans as intended due to a lack of clarity on their business scope.
February 19, 2019