The draft rules strengthen requirements on internal governance, risk management systems, data protection and security controls within banks' custody businesses.
January 4, 2023The queries were reportedly prompted by a sell-off in bonds which triggered investor withdrawals from wealth management products.
November 21, 2022The notice encourages FIs to help individuals plan early for retirement and emphasises the need to improve income levels among the elderly.
June 17, 2022Bank of China, China Everbright Bank, and their two wealth management subsidies were fined a total of almost CNY 15 million.
June 9, 2022The CBIRC expanded the types of financial products insurance funds can invest in and clarified regulatory requirements for entrusted investment of insurance capital.
May 20, 2022The rules emphasise the integration of liquidity risk management throughout the entire process of wealth management business operations.
December 30, 2021Banks are asked to refrain from cutting off funding to developers, continue supporting projects under construction, and approve mortgages for homebuyers.
October 1, 2021Government-owned firms and state-backed property developers have been asked to buy assets from Evergrande. Local governments have been asked to mediate.
September 30, 2021The Shenzhen Financial Regulatory Bureau said a "thorough investigation" into Evergrande Wealth has been launched following investor demands for an inquiry.
September 29, 2021Wealth management firms must continually monitor liquidity risk in wealth management products as well as the assets in which they invest.
September 16, 2021