CBIRC holds mid-year work conference
There was little new in the readout, but the focus on financial risk is noteworthy…
Browsing Category
Banking (General)
485 posts
PBoC holds mid-year work conference
Authorities are under pressure to lower the heat on developers and ensure that homebuyers get the properties they’ve paid for…
CBIRC urges banks to step up risk management for online lending
Small banks haven’t been able to fix the problem themselves, and an extra year is unlikely to change anything…
China Development Bank dismisses vice president
Zhou has likely been ensnared in China’s wide-ranging campaign to clean up corruption in the financial sector…
Local bank consolidation continues, with mergers in Hebei and Liaoning
China’s regional commercial banks and rural lenders have been a source of endless problems for regulators. While combined they comprise less than 25% of the country’s banking assets, they present the biggest risks to financial stability.
PBoC announces mainland-Hong Kong “Swap Connect”
Tim Hofer
Banks in Hong Kong routinely complain to Beijing that there’s not enough RMB offshore, so the advent of a currency swap expansion will come as welcome news. Beijing has been extremely wary of foreign capital investing in derivatives…
Xi chairs Politburo meeting on financial sector discipline inspection
Xi wants anti-corruption to become less “course corrections through periodic crackdowns,” and more threaded into the very fabric of financial sector operations. Even with the economy faltering
Shanghai Stock Exchange releases development plan for 2021-2025
The SSE’s plans for the coming years are, not surprisingly, aligned with the development central policymakers want to see in China’s capital markets. Beijing’s overarching goal is to drive more of Chinese citizens’ savings into stocks and bonds and away from simple bank deposits and real estate…
CBIRC issues green finance/ESG guidelines for banks and insurers
These guidelines are a big step forward for green finance and ESG disclosure in China…
PBoC to expand industries covered in banks’ climate risk stress tests
The climate risk stress test aims to get banks accustomed to integrating climate considerations into all their operations, including lending. It is not intended to limit banks’ exposure to these sectors – at least not for now – especially when regulators want banks to ramp up lending to drive China’s economic recovery…