Thursday, April 15, 2021
Tags CBIRC

Tag: CBIRC

CBIRC Calls for Commercial Banks to Help Transform China into a “Great Manufacturing Power”

The China Banking and Insurance Regulatory Commission (CBIRC) has called for commercial banks to step up lending to manufacturers as part of...

CBIRC Issues Risk Warning to Chinese Banks on Excessive Maturity Mismatches

China's banking authority has warned domestic lenders of risk in relation to excessive mismatching of the maturities of assets and liabilities on...

China’s Banking Authority Steps up Financial Support for Private Enterprise Growth

The China Banking and Insurance Regulatory Commission (CBIRC) plans to launch a new set of policies to support the growth of private-sector...

China’s Banking Authority Shakes up Senior Leadership, Retires Two Members and Appoints Xiaoyuan Qi as New Deputy Chair

The Chinese central government has appointed a new deputy chair to the country's top banking authority following the retirement of two senior...

CBIRC Plans to Curb Borrowing by Key Shareholders in Chinese Banks with New Corporate Governance Rules

The China Banking and Insurance Regulatory Commission (CBIRC) hopes to curb the misuse of banking sector financial institutions by key shareholders with...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

CBIRC to Directly Regulate 39 Chinese Life Insurance Companies

The China Banking and Insurance Regulatory Commission (CBIRC) has unveiled plans to shake up the regulation of the country's life insurance sector....

China Commences Trials for Bulk Transfer of Personal Non-performing Loans to Asset Management Companies

The China Banking and Insurance Regulatory Commission (CBIRC) has launched trials to accelerate the disposal of personal non-performing loans (NPL's).

CBIRC Warns Chinese Insurers against Arbitrary Expansion of Their Services Scope

Chinese regulators are intent on ensuring that insurance companies stick to their lane amidst a broader push to contain risk in the...

Consumer Complaints about Chinese Banks Surge 26.5% in Third Quarter, Credit Card Complaints up 43.5%: CBIRC

The Chinese banking sector saw a surge in complaints from consumers in the third quarter of 2020 according to data from the...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...