The CBIRC will punish lenders that help borrowers to circumvent regulations prohibiting the use of business loans to buy real estate.
June 3, 2021The PBOC has raised the RRR for foreign currency deposits for the first time in 14 years and asked enterprise and FIs not to engage in FX speculation.
June 1, 2021Crude oil options will launch on 21 June. Palm oil options will launch on 18 June. Both products will be open to foreign investors.
May 31, 2021The CBIRC has asked banks to completely unwind their books for commodities-linked products and stop selling them to individual investors.
May 28, 2021Regulators will strengthen supervision of commodity futures and the spot market with a "zero tolerance" for illegal activities.
May 26, 2021Three state-backed associations representing internet firms, banks, and payments companies have barred their members from providing crypto-related services to customers.
May 20, 2021SOEs are directed to ensure their subsidiaries are qualified and properly approved to trade financial derivatives, and able to manage the associated risk.
May 7, 2021The plan is a response to growing suspicions that investors are purchasing bitcoin from overseas exchanges with the intent of selling them in Korea at a premium.
April 21, 2021The FSC is setting up a special financial response team and new monitoring system to root out speculation in the property market.
April 10, 2021Banks are instructed to identify borrowers misusing business loans for property speculation. A nationwide regulatory inspection will run until 31 May.
March 30, 2021