Securities firms would be eligible to act as market-makers if they have net capital above CNY 10 billion and a classification rating of Class A or higher.
January 10, 2022The plan includes measures to strengthen fintech governance, enhance data capabilities, and establish a new 'green' data centre.
January 7, 2022Banks may not refuse to open accounts for small and micro enterprises on the grounds that they have few staff or insufficient bank deposits.
January 6, 2022Data may be shared between FIs, subject to consent, if it can enhance customer convenience, improve operations, or facilitate cooperative business arrangements or partnerships.
January 3, 2022A pilot project has been initiated with 10 securities firms to optimise their account management functions and ensure the safety of customer funds.
December 14, 2021Insufficient assessment of potential business risks and a lack of core management systems and control measures have surfaced, the CBIRC said.
November 26, 2021Banks are required to establish a classification and hierarchical management system for SME bank accounts by the end of the year to ensure proper risk control.
October 26, 2021New draft rules are aimed at strengthening safeguards to ensure the delivery of better outcomes for consumers of insurance/takaful products.
September 5, 2021The trust company was fined CNY 5.66 million for risk control failures, mismanagement of its trust schemes, and other "serious" breaches.
August 5, 2021Goldman Sachs Gaohua Securities, Morgan Stanley Huaxin, and Credit Suisse Founder Securities made the list for the first time.
August 2, 2021