The move is designed to revive the property market. Last week banks were also directed to adjust how they set deposit rates.
May 17, 2022State Council-approved measures call on state-owned banks to increase lending and repayment flexibilities for MSMEs.
May 16, 2022So far this year, nine financial officials were expelled from the CCP, with some facing other disciplinary punishments including criminal prosecution.
April 20, 2022Following inspections that began last October, financial regulators and state owned institutions have been directed to rectify problems identified.
March 5, 2022Inspection teams will be dispatched to the PBOC, CBIRC, CSRC, stock exchanges, and state-owned banks and asset managers to identify corruption.
October 13, 2021Eleven banks, including seven that are state-owned, are asked to explain how they plan to address capital shortfalls.
September 13, 2021The Finance Ministry reportedly called senior bank executives to suggest they buy shares to support the stock market, which fell for 9 days straight.
August 25, 2021The central bank will provide TWD 100 billion for loans to SMEs. State-owned banks have set aside a further TWD 550 billion to support business lending.
May 31, 2021State-owned banks based on their contributions to the economy, high quality development, risk management, and operational efficiency.
January 7, 2021The government is looking to sell majority stakes in state-owned banks, but the plan may not be feasible this financial year due to poor market conditions and rising bad loans.
July 22, 2020