Borrowers that have difficulty repaying their loans can apply for a three to six month deferment. The deadline for applications is 30 June 2023.
May 27, 2022The measures include support for IPO applicants, listing fee waivers, and regulatory support for securities firms.
May 24, 2022Information sharing will be allowed between FIs that do not have group relations, provided that the data sharing model is first reviewed and approved by the FSC.
May 3, 2022Banks, insurers, brokers and foreign FIs are urged to establish licensed fund management companies. Fund investment channels will be expanded and operational rules relaxed.
May 3, 2022Banks and finance companies should not conduct commercial bill financing business exceeding 15 percent of their total assets.
February 7, 2022New guidance urges banks and insurers to "vigorously promote" digital financial services and further develop their data and technology capabilities.
January 31, 2022Financial groups should promote a strong risk culture, put in place appropriate supervision and surveillance, and ensure fairness and transparency in trade execution.
January 28, 2022'Digital Identity Authentication and Authorisation' was selected as the theme for the sandbox, to promote more convenient and secure access to financial services.
January 24, 2022Statewide also reported its breaches to ASIC some 45 days late. The firm is required to undertake a remediation programme and engage an independent expert for review.
January 20, 2022Money market funds with more than CNY 200 billion in net assets, or more than 50 million investors, will have to strengthen risk management and set aside additional risk reserves.
January 18, 2022