CFETS, Clearstream and Chinese financial institutions cooperated to execute the first triparty repo trades involving ESG-eligible bonds.
September 7, 2022A public private sector workgroup was established by MAS and the Shanghai Municipal Financial Regulatory Bureau to deepen bilateral financial cooperation and connectivity.
December 22, 2021Insufficient assessment of potential business risks and a lack of core management systems and control measures have surfaced, the CBIRC said.
November 26, 2021New rules are coming into effect at the end of the year which require banks to have separate units for their wealth management business.
November 9, 2021China Construction Bank was fined, while senior executives and responsible personnel at Shanghai Pudong Development Bank and Guangfa Bank were punished individually.
October 21, 2020The verbal directions came nearly a week after an estimated $1.4bn in losses were recorded in a crude oil futures trading product sold by Bank of China.
April 29, 2020Banks with real estate loans exceeding a certain level are being given window guidance telling them to limit lending to property developers and homebuyers.
September 13, 2019A US district court has reportedly found three Chinese state-owned banks in contempt for failing to comply with requests for evidence related to a North Korea sanction probe.
June 26, 2019A US federal judge has ordered three Chinese banks to provide documents in relation to a Hong Kong company which allegedly helped North Korea evade international sanctions.
May 7, 2019During H1 2018, CBIRC fined 798 banks and banned 175 banker as part of its crackdown on risk; meanwhile, CSRC launched 307 investigations and initiated 108 new cases.
July 27, 2018