Saturday, January 16, 2021
Tags Chinese corruption

Tag: Chinese corruption

Beijing Wants Anti-corruption “Human Surveillance Cameras” in Big State-owned Banks

The Chinese central government hopes to permanently install anti-coruption teams in the country's biggest financial institutions to serve as "human surveillance cameras." Zhao Leiji, head...

Senior Chinese Banking Official Receives 16 Year Prison Sentence for Bribery

The former assistant chair of the erstwhile China Banking Regulatory Commission (CBRC) has received a 16 year sentence for receiving bribes, according to reports...

Ex-head of China’s Insurance Regulator Pleads Guilty to USD$3mn in Bribes

The disgraced head of China's erstwhile insurance regulator has pled guilty to accepting bribes, becoming the highest-ranking official to be felled by Beijing's crackdown...

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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.