The draft rules seek to standardise the instrument and improve its utility as a financing channel for SMEs, while also setting out supervisory measures and applicable rights to protect investors.
February 21, 2020The PBOC has lowered the interest rate on its medium-term lending facility, injected 100bn yuan in liquidity via reverse repos, and ordered banks to disinfect yuan bills.
February 18, 2020China Minsheng Bank, China Everbright Bank and Huatai Securities have been fined a combined 52mn yuan for failures in customer identification, transaction reporting and record keeping.
February 18, 2020The approval follows a commitment from China to expedite pending licence applications from US payments providers as part of the phase one trade deal.
February 12, 2020Banks are required to use the special funding to support activities by companies directly linked to controlling the outbreak through loans issued at below-market interest rates.
February 11, 2020The CSRC has reportedly issued a verbal directive preventing brokers from selling borrowed shares, among other formal measures.
February 3, 2020S&P Global Ratings identifies Bohai Bank, China Zheshang Bank, and Shengjing Bank as under more pressure than other PBOC stress-tested banks.
January 31, 2020PBOC has extended the Lunar New Year closure of financial markets until 3 February and vowed to inject liquidity into the markets when they reopen.
January 30, 2020The new system covers 5 years of financial records, compared to 2 previously, including information on borrowers' employment status, co-borrowing records, and utility payment history.
January 20, 2020Under the agreement, the December timeline for China's removal of foreign ownership limits in the securities sector is brought forward to April.
January 16, 2020