Wednesday, January 27, 2021
Tags China Banking and Insurance Regulatory Commission

Tag: China Banking and Insurance Regulatory Commission

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....

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...

China’s Banking Regulator Warns of Data-driven Fintech Monopolies, Payments Giants Becoming “Too Big to Fail”

China's top banking regulator says that the fintech sector is more susceptibility to new forms of data-driven monopoly formation.

CBIRC Sets New Standards for “Narrowly Defined” High Risk Shadow Banking, Includes Online Lending and P2P

A new report on the shadow banking sector issued by the China Banking and Insurance Regulatory Commission (CBIRC) provides a more detailed...

CBIRC Cancels Registration Regulation for Investment Management Capabilities of Chinese Insurance Agencies

China's top insurance regulator has announced major changes to its regulatory model for the investment management capabilities of domestic insurance agencies.

CBIRC Warns of Fraudulent, High Yield Products During September Financial Literacy Campaign

China's banking regulator has issued domestic investors with a warning on the perils of fraudulent financial products during a nationwide campaign to...

CBIRC Steps up Pressure on Use of Microloan Funds for Investment in Stocks and Derivatives

The China Banking and Insurance Regulatory Commission (CBIRC) is stepping up efforts to prevent the use of funds from microloan companiess for...

CBIRC Commits to Further Opening of Financial Sector, Guidance of Wealth Management and Insurance Funds into Capital Markets

The China Banking and Insurance Regulatory Commission (CBIRC) has reiterated its commitment to further opening of the Chinese finance sector as well...

CBIRC Hits Minsheng Bank, Guangfa Bank, Huaxia Bank and Two Others with $46.8M in Fines

The China Banking and Insurance Regulatory Commission (CBIRC) has announced the imposition of hefty penalties upon a total of five Chinese financial...

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Chengdu to Issue 50M Yuan in Digital Renminbi via Record-sized Lottery

The Sichuan province capital of Chengdu is the latest Chinese city to stage trials for the issuance of the digital renminbi via...

Automaker Geely Establishes Fintech Investment Vehicle

Privately held automaker Zhejiang Geely Holding Group (浙江吉利控股集团有限公司) is seeking to expand its presence in the fintech sector with the launch of...

China Authorises 530,000 Patents in 2020, Patent Pledge Financing Rises over 43% YoY

The China National Intellectual Property Administration (CNIPA) says it approved 530,000 patents in 2020, bringing the total number of domestic patents in...

Shanghai Pudong Development Bank Opens Fintech Research Facility in Singapore to Focus on Blockchain, AI and API Development

Municipal lender Shanghai Pudong Development Bank (SPD Bank) has become the first joint-stock bank in China to establish an innovation centre...