Region: China

Chinese regulator releases “milestone” green finance guidelines

China’s principal banking regulator has issued a “very specific” rulebook for banks’ green finance activities.

08 June 2022

China expands foreign access to bond market

Foreign investors in Shanghai and Shenzhen will be able to directly trade Chinese bonds from July under new reforms, as China completes the opening up of its onshore bond market.

01 June 2022

Beijing launches three-year plan for AML

China’s central bank is addressing what it has labelled its “grim” anti-money laundering record , only a few months after amending its AML law.

02 February 2022

China’s central bank bans crypto - again

The People’s Bank of China has banned cryptocurrency mining and transactions nationwide, in its third move to stamp out the virtual currencies this year.

27 September 2021

China “tightens the screws” on crypto

Three industry bodies in China have announced a ban on financial institutions and payment companies from providing services related to cryptocurrency transactions, in a move one practitioner calls an effort to “contain a competitor”.

21 May 2021

EU and Russia push forward on CBDC plans, amid pushback

Central banks in Russia and the European Union have both moved forward on their ambitions for digital versions of their currencies, as private sector voices increasingly raise concerns about the potential impact of CBDCs on financial stability.

16 April 2021

Baoshang bankruptcy a “compliance wake-up call” in China

China’s central bank has announced that it will allow troubled Baoshang Bank to become the first commercial lender to file for bankruptcy in China since 2001, in a move that could prompt other lenders to “step up” their risk assessments and internal audits amid growing non-performing loan portfolios.

10 August 2020

Regulatory round-up – AML/CFT outsourcing in Singapore; naming and shaming in China; buffers in Jamaica

Singapore’s capital markets intermediaries have come under fire for their outsourcing practices for anti-money laundering/counter-financing (AML/CFT) obligations; a Chinese regulator has published a list of misbehaving bank shareholders; and Jamaica is considering introducing a counter-cyclical capital buffer.

16 July 2020

Chinese regulator overhauls financial crime rules

China’s banking regulator has announced new guidelines for financial institutions to deal with financial crime, in a move that could see banks held accountable for lax reporting and employee misconduct.

05 June 2020

Chinese regulator issues first fines for lax data reporting

China’s banking regulator has fined the country’s four major state-owned lenders for inconsistencies in their financial data reporting, marking the first time it has issued penalties for data matters amid the release of stricter standards.

15 May 2020

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