All posts tagged "PBOC"
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108ChinaShanghai to Test Yuan in Cross-border Financial Products
Shanghai's Pudong New Area will be able to freely use the yuan in cross-border financial products in a new pilot programme.
July 26, 2021 -
117ChinaChina Sets Timelines for Fintechs to Complete Restructuring
The affected fintechs have until end-2021 to restructure their financial services businesses, and until end-2022 to clean up their credit reporting businesses.
July 21, 2021 -
62ChinaChinese Regulators Penalise Dagong Global Credit Rating
Dagong failed to adequately scrutinise or inspect the businesses it was evaluating, and adjusted its ratings models without giving sufficient reason.
July 16, 2021 -
79Capital RegulationPBOC Cuts Reserve Requirement to Boost Bank Lending Capacity
Market participants say that the earlier-than-expected RRR cut reflects policymakers' concerns that banks may be under stress and facing higher NPLs.
July 13, 2021 -
106China
PBOC Directs Banks to Enhance Lending Services for MSMEs
Banks should also increase investment in inclusive fintech including big data, cloud computing and blockchain to improve loan efficiency, the PBOC said.
July 13, 2021 -
89AML / KYC
Stablecoins Increasingly Used in Money Laundering, PBOC Says
PBOC governor Fan Yifei says stablecoins are increasingly being used as a tool for illegal activities and money laundering.
July 12, 2021 -
132ChinaNew Licensing Rules Take Effect for FIs in China
From 1 July, regulators will reissue new licences to banks and insurers, valid for one year, to allow for a transition and exchange period.
July 1, 2021 -
74China
China, EU to Finalise Climate Taxonomy By Year-End
A PBOC official reportedly said experts working on the common taxonomy are expected to complete the final version by the end of this year.
July 1, 2021 -
143ChinaEx-Shanghai Clearing House Chief Expelled from CCP for Corruption
Xu Zhen has been expelled from the CCP for borrowing large sums of money using the SCH’s management services and accepting bribes.
June 30, 2021 -
89ChinaChinese Regulators Instruct Banks to Reduce Interbank Payment Fees
Banks have a one-month transition period to implement the fee reduction measures, which focus on intra-city and inter-bank withdrawals from ATMs.
June 29, 2021
