All posts tagged "PBOC"
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457AML / KYCChina 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 -
300Capital RegulationPBOC 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 -
501ChinaHKMA, 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 -
509AML / 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 -
428China
PBOC Sets Up New Bureau to Oversee Financial Regulation
China’s central bank has set up a new macro-prudential management bureau to monitor financial systemic risks, draft rules and advise on currency issues.
February 4, 2019 -
341ChinaBloomberg Indices to Include Chinese Local Currency Bonds from April
The Bloomberg Barclays Global Aggregate Index will phase in Chinese government bonds and policy bank securities over 20 months, starting from April 2019.
February 1, 2019 -
8161Capital Regulation
PBOC Perpetual Bond Support Seen as Banking System Bailout
China's recent moves to help banks replenish capital through perpetual bond issuances are seen as a bailout of the banking system. But what happens in another crisis?
January 30, 2019 -
336ChinaS&P Approved to Enter China’s Credit Rating Market
The People's Bank of China has approved S&P Global Ratings to operate locally in its latest move to open up financial markets.
January 29, 2019 -
263ChinaChina Appoints Veteran Banker to Head Securities Regulator
In an unexpected reshuffle, ICBC chairman Yi Huiman has replaced Liu Shiyu as head of the China Securities Regulatory Commission.
January 28, 2019 -
453Capital Regulation
PBOC Enhances Liquidity Support for New Perpetual Bond Market
Perpetual bonds can be swapped for central bank bills and serve as eligible collateral for PBOC lending. Bank of China issuance was more than 2x oversubscribed.
January 28, 2019
