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, 2021Major shareholders at some small and medium-sized institutions are deliberately concealing their affiliate relationships and using the institutions as ‘cash machines’.
January 31, 2021The 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, 2021The revisions will enhance governance, improve board and senior management accountability, strengthen capital and risk management requirements, and raise penalties for violations.
October 19, 2020Fitch 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, 2020The 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, 202020 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, 2020The company and 21 of its employees have also been fined for using false documents and transaction records to inflate cash positions.
May 17, 2020Under 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, 2020Any 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