Ex-Official of China’s Banking Regulator Hit With Corruption Probe Another Ex-Financial Regulator Expelled From Communist Party Over Graft Allegations Caixin Global · Mar 26, 2024
China replaces securities regulator amidst market turmoil China has replaced the head of its securities regulator amidst ongoing market turmoil, as the country seeks to stabilize its financial markets. Top News · Feb 7, 2024
Local Financial Regulatory Bodies Announce Names Changes in Sweeping Overhaul Switch affects almost 350 local branches under the now-defunct CBIRC Caixin Global · Jul 20, 2023
China, Singapore to Collaborate More Closely on Financial Regulation, Market Opening CBIRC and MAS will partner up to develop global and regional rules and modernize their own regulatory systems Caixin Global · Apr 21, 2023
Chinese Bank Trio Cut $11 Million in Bonuses to Deter Risk China Merchants Bank, China Bohai Bank and Bank of Jiujiang withheld or recovered 77 million yuan in performance-based pay last year, sending a message to reduce risky behavior Caixin Global · Apr 18, 2023
Opinion: China’s Latest Financial Overhaul Marks Shift From U.S. Model, but Risks Remain A financial system lacking commercial independence will likely become a new area of concern Caixin Global · Apr 17, 2023
Insurance Regulator Studies Risk Disposal Rules for Property Insurers CBIRC official outlines plan to create a mechanism for market-oriented, rule-based, standardized risk reduction Caixin Global · Apr 10, 2023
China Issues Final Rules for Overhaul of $3 Trillion Trust Industry Regulations aimed at wringing out risk and imposing tougher oversight on a troubled industry take effect June 1 Caixin Global · Mar 23, 2023
New Capital Rules Aim to Bring Chinese Banks in Line With Global Standards The draft framework categorizes banks by size and offshore business to help increase compliance while helping smaller banks Caixin Global · Feb 21, 2023
Another Ex-Financial Regulator Expelled From Communist Party Over Graft Allegations Former banking official Qin Huizhong has been accused of taking bribes and maintaining ‘improper sexual relationships’ Caixin Global · Feb 7, 2023
Shanghai Composite Index Rose 0.29% on Tuesday Shenzhen Component Index closed up 0.12% Caixin Global · Feb 7, 2023
Victims of bank Ponzi-like scheme in China unable to withdraw money from frozen accounts Since April last year, at least $8.5 billion has been frozen, leaving bank customers in dire straits. When they tried to protest, they allege they received brutal treatment from the police. ABC News · Jan 14, 2023
China’s AIA, PICC Among Insurers Called Out for Inaccurate Data The insurance firms get named and shamed after probes into their solvency reporting Caixin Global · Jan 6, 2023
When Chinese protesters came up against Xi's security machine Jack Yao, a Chinese Communist Party member, never wanted to be an activist. Reuters · Oct 13, 2022
The Times of India · Jul 20, 2022 China property crisis: Why homebuyers are halting mortgage payments NEW DELHI: A growing number of homebuyers in China have stopped making mortgage payments for properties, adding to the woes of the country's already troubled real estate sector.
The Guardian - AU · Jul 18, 2022 China banks told to bail out property developers as mortgage boycotts threaten economy Regulator’s intervention comes as thousands of homebuyers refuse to make mortgage repayments as crisis in property sector deepens
Caixin Global · Jun 15, 2022 Funde Sino Life Takes Control of National Trust Regulators clear transfer of 40.72% stake in the often-sold trust and investment business amid continuing equity restructuring
Caixin Global · May 19, 2022 Chinese Banking Watchdog Says It’s Looking Into Rural Lenders Who Froze Online Services The police have started an investigation into one shareholder of the village banks on suspicion it raised public funds illegally
Caixin Global · Apr 11, 2022 Ex-Bank Regulator Kicked Out of Communist Party in Bribery Probe Li Guorong accepted illegal payments related to Baoshang Bank failure while serving as a senior executive in the bank’s government takeover, graft busters say
Caixin Global · Mar 30, 2022 Chinese Insurers Start Paying Out in China Eastern Crash Families of victims receive $2.34 million so far from 11 insurance companies while property and casualty insurers pay China Eastern $18.2 million
Caixin Global · Jan 26, 2022 China’s Banking Regulator Plans ‘Traffic Lights’ for Financial Sector CBIRC’s 2022 goals include curbing the use of funds by banks and insurance companies for ‘blind overleveraging,’ financial monopolies and unfair competition