PBoC cuts RRR by 0.25%
Alex Yang
RRR cuts aren’t stimulus. The PBoC uses them to lower bank funding costs and ensure that there is sufficient liquidity in the financial system…
Browsing Category
Banking (General)
516 posts
Former head of China Merchants Bank charged in corruption probe
Jibingxin Han
Tian is clearly in big trouble, but his actions don’t appear to have caused major disruption to the functioning of the financial system. Xi’s objective is for the Party to have greater oversight, and …
Party chiefs removed from top bank and insurer
The Party does have a tendency to remove top state-owned company and government officials without giving a reason. Sometimes removals come before a promotion or retirement while…
PBoC, CBIRC revise rules governing banks’ disclosures on risk
Gauging the risk of China’s banks is difficult, not because of a lack of disclosure, but because the data disclosed is often unreliable. For these revisions to improve transparency, regulators must…
CBIRC revises loan management rules to support the real economy
Much of the content in these regulations focuses on expanding lending to science and technology research. These revisions are part of a yearslong regulatory drive to ……
CBIRC seeks public feedback on new rules for country risk management of banking institutions
Given Chinese banks’ increasing involvement beyond China’s borders, particularly in countries that have relatively unstable political and economic contexts, regulators in Beijing see it as imperative that banks shore up the way they evaluate country risk. This is yet another measure aimed at bringing China’s financial regulations more closely in line with international standards…
CBIRC releases notice on grading system for foreign bank branches
China’s financial authorities are working through a raft of regulations to bring the country’s financial supervision into line with international practice and standards. These updated measures on foreign bank ratings are part of this upgrading…
CBIRC releases draft measures aimed at standardizing commercial banks’ custody business
As China’s financial system grows and becomes increasingly complex, it is critical that policymakers put the legal framework in place to underpin that system. As such, over the past few years, financial regulators have released numerous measures like these aimed at solidifying various regulatory frameworks and bringing them more closely in line with international practice…
CBIRC chairman pens essay on financial sector reform
Guo is irreplaceable. During his tenure at the CBIRC, the hard-charging regulator made China’s financial system a far less risky place…
PBoC, CBIRC call on major banks to boost support for real economy
The PBoC and CBIRC’s overarching message isn’t all that new. They aren’t asking banks to lend more in 2023, per se, but to lend smarter…