The rules adjust how contributions to the fund are calculated, so that they reflect each insurance company's risk level.
November 14, 2022Foreign-funded multinational groups can directly establish domestic finance companies to provide financial services to their member units in China.
October 20, 2022The CBIRC will form a new Internal Audit Department and merge its Risk Disposal Bureau with its Anti-Crime Bureau.
August 26, 2022The proposed rules also raise the capital requirements for finance companies, while strengthening risk management and governance obligations.
August 9, 2022At a meeting last week, the CBIRC said it would focus its work on enhancing regional banks' capital positions and ensuring the stability of the real estate market.
August 3, 2022The law will support the establishment of a guarantee fund for financial stability, while also strengthening accountability for regulatory violations and improving protections for market entities.
April 11, 2022Regulators led by the PBOC plan to use the new financial stability fund as a backup to dispose of major risks which could have systemic effects.
March 29, 2022The rules set out requirements for 'guarantee funds' and 'liquidity mutual aid funds' to help the trust industry manage risk.
February 18, 2022New draft regulations open for consultation will strengthen the supervisory and risk disposal responsibilities of local governments within their territories.
January 17, 2022Asset managers bought packages of bad personal loans from ICBC and Ping An Bank at auction under a new pilot programme.
March 8, 2021