Saturday, October 24, 2020
Tags Chinese bank fines

Tag: Chinese bank fines

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...

China’s Banking Regulator Issues 40 Million Yuan in Fines to Lenders in May

The China Banking and Insurance Regulatory Commission (CBIRC) has stepped up scrutiny of malfeasance in the banking sector, issuing at least 40...

Over 50 Chinese Banks Fined for Home Loan Infractions in 2019

The China Banking and Insurance Regulatory Commission (CBIRC) has kept up the pressure on the Chinese banking sector in 2019 with the...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...