All posts tagged "related party transactions"
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59ChinaCBIRC Evaluates Corporate Governance at Non-bank Institutions
Some financial leasing, enterprise group finance, auto finance, and consumer finance companies have been unwilling or unable to enhance governance and internal controls.
February 8, 2021 -
119China
CBIRC Flags Continued Governance Issues at Banks, Insurers
Major shareholders at some small and medium-sized institutions are deliberately concealing their affiliate relationships and using the institutions as ‘cash machines’.
January 31, 2021 -
166ChinaNew Rules for Private Equity Funds Take Effect in China
The rules prohibit the use of private equity funds as vehicles for public fundraising, explicitly allowing them to only be offered to qualified investors.
January 14, 2021 -
910Capital RegulationPBOC Issues Draft Rules ‘Fully Revising’ Commercial Bank Law
The revisions will enhance governance, improve board and senior management accountability, strengthen capital and risk management requirements, and raise penalties for violations.
October 19, 2020 -
920Big PicturePBOC Rules for Conglomerates to Limit Systemic Risk: Fitch
Fitch Ratings says the new regulations for conglomerates with interests in financial services will help contain systemic risks by limiting irregular financial activities and misconduct.
October 19, 2020 -
652China
CSRC Issues Draft Rules for Private Equity Funds
The rules seek to address concerns that some private equity funds are being used as vehicles for public fundraising and qualified investor requirements are being circumvented.
September 17, 2020 -
720AML / KYC
CBIRC Discloses List of ‘Illegal Shareholders’ of Banks, Insurers
20 of the 38 companies on the list are linked to either Baoshang Bank or Anbang Insurance, which both needed a state bailout in recent years.
July 7, 2020 -
666China
CSRC Bans Six Executives for Kangmei Pharma Accounting Fraud
The company and 21 of its employees have also been fined for using false documents and transaction records to inflate cash positions.
May 17, 2020 -
635Asia-PacificBSP Proposes New Reporting Requirements for Conglomerate-run Banks
Under draft rules, universal and commercial banks that are part of conglomerates will have to report information on all entities and assets in the conglomerate structure.
February 3, 2020 -
489AML / KYCSEBI Panel Proposes Tighter Norms for Related Party Transactions
Any member of the promoter group would be deemed a related party regardless of shareholding. Any shareholder with more than 20% of a listed company's shares would also be deemed a related party.
January 29, 2020
