Friday, April 23, 2021
Tags CIRC

Tag: CIRC

CBRC Chief Guo Shuqing Set to Head Merged Banking, Insurance Authority: Caixin

Guo Shuqing, chief of the China Banking Regulatory Commission, is set to head the newly formed joint banking and insurance authority according to a...

Shadow Bankers Search for Provincial Authorities to Dodge Regulatory Crackdown

Chinese shadow banking groups are taking their pursuit of regulatory arbitrage to remote parts of the country, searching for provincial regulators who are less...

Official Document Reveals China’s Plans to Merge Banking and Insurance Authorities

An official government document indicates that China will merge the China Banking Regulatory Commission (CBRC) and the China Insurance Regulatory Commission (CIRC) according to...

Beijing Considers Amalgamation of Banking and Insurance Regulators

The Chinese central government is reviewing a proposal to amalgamate the banking and insurance regulators according to anonymous sources speaking to the South China...

Ex-head of China’s Insurance Regulator Investigated for “Trading Power for Money and Sex”

Xiang Junbo, the former head of the China Insurance Regulatory Commission, has been officially expelled from both his government position and the Communist Party...

Chinese Regulators Step up Focus on Fintech with 1828 Fines in 2017

The People's Bank of China, China Banking Regulatory Commission, China Insurance Regulatory Commission and China Securities Regulatory Commission have jointly issued a total of 1,828...

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Chinese Banking Sector Assets up 9.2% YoY at End of First Quarter, NPL Ratio Edges Lower

The total assets of the Chinese banking sector saw an increase of over 9% at the end of the first quarter of...

20 Chinese Companies Pursue US Listings in First Quarter of 2021, Funds Raised Surge over 10-Fold Despite Sino-US Tensions

The first quarter saw a precipitous surge in funds raised by Chinese companies opting to list in the US, despite ongoing tense...

National Fiscal Revenues in China Rise over 24% in First Quarter

China's national fiscal revenues surged in the first quarter of 2021, as the economy continues to recover from the initial impacts of...

Singapore’s DBS Bank Plans to Grab Biggest Stake in Leading Shenzhen Lender

Singaporean multinational lender DBS Bank has unveiled plans to acquire over a tenth of equity in a major lender in the Shenzhen...