CBIRC aims to strengthen employee discipline
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Business relationships in China often blur the line between personal and professional. The CBIRC’s drive to clarify what constitutes…
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CBIRC launches crackdown on malfeasance
Once again, compliance and oversight are near the top of the agenda for China’s financial regulators. Combatting malfeasance is viewed…
CBIRC cracks down on aggressive credit card marketing towards vulnerable groups
These moves are in line with the broader regulatory trends to both protect consumer rights and to slow the growth of consumer debt. Foreign banks operating in China should ensure that their marketing practices…
PBoC trials new measures for the protection of personal data
Recent concerns about consumer privacy and illegal data collection have spurred the PBoC to clearly define what constitutes…
Chinese companies not in danger of being delisted in US, for now
Kudlow’s dismissal of Trump administration considerations to delist Chinese firms are at the very least a positive sign that financial markets could be largely spared by the US-China trade conflict.
Yi Huiman calls for more direct financing
The recently beleaguered Chinese banking system would benefit from the increased financing proposed.
Former CSRC Chairman Liu Shiyu receives light punishment
Liu’s case is rare. Most officials probed for corruption are not only removed from their position and lose their Party membership…
PayPal to enter China market through local acquisition
PayPal’s entry into China represents a major development for foreign payment firms, several of whom have been stuck in regulatory limbo despite the official removal of market access barriers two years ago. PayPal is now faced with the daunting task of …
CBIRC vice chairman Wang Zhaoxing steps down
After the merger of the CBRC and CIRC in 2018, vice chairmen from both organizations were brought aboard the newly formed CBIRC from their previous posts. Given the surplus of …
Financial regulators issue report on inclusive finance development
None of the measures outlined above is particularly new, and this report broadly just reinforces regulators’ recent efforts to improve the financial system – by addressing deficiencies among …