All posts tagged "PBOC"
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661ChinaChina Regulators Share Common Message of Opening Up
Regulators at the three-day China Development Forum in Beijing had a common message for the market – that China plans to ramp up efforts to open up the financial sector this year.
March 27, 2019 -
409Capital RegulationChina Proposes Establishment of Independent Deposit Insurance Agency
The proposed agency – the first of its kind in China – could help failed banks to exit the market, limit depositor losses, and prevent contagion effects when serious credit risk events arise.
March 19, 2019 -
390China
China’s Baihang Credit Now Connected to Over 600 Databases
The databases of more than 600 are now connected to Baihang Credit, China’s first market-based personal credit agency, according to PBOC deputy governor Chen Yulu.
March 13, 2019 -
628ChinaChina’s AMAC Proposes Stricter Rules for Private Funds
Private equity, venture capital and hedge fund managers are facing more stringent requirements to register a product with the Asset Management Association of China.
March 8, 2019 -
440China
PBOC to Unify Financial Consumer Protection Under Single Agency
Under the current mechanism, financial consumer rights protection is handling by various regulatory bodies, which lack coordination and where standards are not uniform.
March 7, 2019 -
442Capital RegulationCBIRC Pressures Banks to Boost Lending to Private Firms
State-owned lenders are instructed to increase loans to private firms by 30% this year, end discriminatory lending practices, and reduce their reliance on loan collateral.
February 28, 2019 -
1.6KAML / KYC
China Strengthens AML/CFT Regime with New Guidance
CBIRC has released guidance to help financial institutions improve AML/CFT controls, on the heels of recent news that PBOC is scrapping its approval process for corporate accounts.
February 22, 2019 -
401Capital Regulation
PBOC Launches Bills Swap Facility for Perpetual Bonds
The central bank bills swap will allow banks to temporarily exchange perpetual bonds for central bank bills for one year, at a rate of 0.25 percent.
February 21, 2019 -
734ChinaHKMA, PBOC Collaborate on Cross Border Financial Services – Report
As part of a plan to develop the Greater Bay Area, the HKMA and PBOC are reportedly planning to work together on the introduction of cross-border mobile payments and other financial services.
February 20, 2019 -
680AML / KYC
PBOC to Scrap Approval Process for Corporate Bank Account Opening
The requirement to obtain PBOC approval for opening a corporate bank account will be scrapped nationwide by year-end, starting from 25 February.
February 13, 2019
