The draft law brings into scope non-bank financial institutions as well as property developers, accounting firms and precious metal dealers.
June 3, 2021The so-called "data-sharing hub" will allow data sharing between trusted institutions in a way that ensures that the source data can be used but not seen or moved.
June 2, 2021The PBOC has raised the RRR for foreign currency deposits for the first time in 14 years and asked enterprise and FIs not to engage in FX speculation.
June 1, 2021The PBOC has reportedly relaxed cross-border leverage limits for local branches of foreign banks from 0.8 to 2.0.
May 31, 2021Like Ant Group, Tencent will have to submit a reorganisation plan to regulators specifying which businesses the new financial holding company will absorb.
May 27, 2021The first batch of non-banks have joined CIPS. Officials say the network covers nearly 200 countries and over 3400 banks.
May 26, 2021The Hainan action plan encourages regional businesses to pursue financing by listing on both domestic and overseas exchanges.
May 24, 2021Three state-backed associations representing internet firms, banks, and payments companies have barred their members from providing crypto-related services to customers.
May 20, 2021The former head of the CBRC's Inner Mongolia branch is linked to Baoshang Bank, a local lender that was taken over by the state in 2019.
May 17, 2021The next phase of technical testing will explore the feasibility of using the digital yuan in cross-border payments.
May 15, 2021