Liu Canglong, who controls companies with a majority stake in Sichuan Trust, is being held by the public security bureau in Chengdu.
June 9, 2021MAS proposes to expand the scope of FIs and employees subject to the mandatory reference checking regime. FIs will have to maintain records for all employees.
May 17, 2021Trust companies can transfer bad assets to the balance sheet of China Trust Protection Fund, which was set up in 2014 to provide liquidity support to the trust sector through loans.
May 14, 2021Under the new rules, CBIRC supervised institutions will be classified into three categories - financial, insurance and insurance intermediary.
May 12, 2021The guidelines set out four principles for all CBIRC-regulated financial institutions to incorporate in their reputation risk management systems.
February 25, 2021SAFE pledged to grant additional quotas quarterly. Since September, $12.72bn worth of QDII quotas have been granted to 71 institutions.
December 4, 2020MAS would be able to take tougher actions against breaches that do not meet the threshold of a criminal prosecution but call for stronger penalties.
December 3, 2020The new rules will take effect on 1 January, strengthening requirements for shareholders, managers and independent directors of trust companies.
November 26, 2020The rules simplify application procedures for foreign bond investors, unify rules governing various investment channels, and optimise remittance and foreign exchange operations.
September 4, 2020Trust funds in Japan have started focusing on mitigating FX settlement risk, to which they have long been exposed. This article explains the change in focus and the factors behind this.
July 27, 2020