The CBIRC had instructed money brokers to cut their data feeds to vendors due to data security concerns, causing a two-day bond market disruption.
March 21, 2023Banks and insurers are required to report entities that are discovered using the word "bank" illegally, and may not provide services to such entities.
December 9, 2022Companies including Alibaba, Tencent, Meituan, ByteDance and Baidu submitted algorithm information to regulators to comply with requirements adopted in March.
August 16, 2022Alipay removed more than 170,000 accounts linked to illegal activity, just days after the government issued guidance on combatting internet fraud.
April 26, 2022NFTs in China are sold in yuan rather than crypto, do not use public decentralised blockchains, and cannot be resold after purchase.
March 29, 2022Seven victims recently bought more than 49,000 shares in a US-listed company based on the recommendation of an “expert” and lost over $1mn within two days.
August 12, 2021Guy Harrison compares the approaches to China, Iran and Russia we can expect from incumbent Donald Trump and candidate Joe Biden ahead of the US presidential election.
November 2, 2020Banks and financial infrastructure are emerging as an expanding front in geopolitics, writes RUSI’s Tom Keatinge.
September 29, 2020The HKMA says unilateral sanctions imposed by foreign governments have "no legal status" in Hong Kong and banks should endeavour to treat customers fairly.
August 8, 2020The entrance of FinTech and BigTech firms into banking is forcing incumbents to adapt, but it should not come at a cost to compliance obligations, writes Claus Christensen at Know Your Customer Ltd.
July 16, 2019