Sunday, April 18, 2021
Tags Corruption

Tag: Corruption

China’s Banking Regulator Issued Record Number of Fines in 2017

China's banking authority issued a record volume of fines in 2017, as newly appointed chair Guo Shuqing launched a crackdown on lenders amidst Beijing's...

Remove Revolving Door Between Financial Institutions and Regulators: People’s Daily

The flagship news publication of the Chinese Communist Party has published an editorial calling for the dismantling of the "revolving door" between financial institutions...

Huawei Sales Exec Detained Over Bribery Allegations

A senior sales executive from the world's biggest telecommunications equipment manufacturer has been placed under investigation by the Chinese authorities for bribery. Huawei has confirmed...

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...

Former Guangfa Bank Chairman Sentenced to Life for Bribery, Firearms Possession

The Guangdong Supreme Court has upheld the life sentence issued to former chairman of Guangdong Development Bank (Guangfa) and former chairman of the Guangdong Provincial Financial Office Li...

Top Banking Regulator Under Investigation for Corruption

One of the senior-most figures in China's Banking Regulatory Commission is under investigation for his involvement with a Bank of Communications corruption scandal. On 23 May...

Bank of Communications Boosts Executive Remuneration

Remuneration growth for executives is heavily outpacing that for rank and file staff at one of China's biggest banks, with staff ousted for corruption amongst the chief...

Dongguan Securities IPO Scuppered by Bribery Allegations

The IPO of Dongguan Securities has run aground on bribery allegations involving the former vice-governor of Guangdong province. Established in 1988 with registered capital of 1.5...

New Details on China Minsheng 3bn Yuan Counterfeit Wealth Product Scandal

Further details have emerged in relation to the defrauding of high-end Beijing banking clients by the head of a China Minsheng branch who made use of...

Jiangxi Bank Lent 200bn Yuan to Fraudulent Borrowers

Jiangxi Bank has sustained heavy losses as a result of fraudulent loans taken with the provincial lender by multiple companies, capsizing hopes that it would emerge...

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Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%

China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...

China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%

Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...

MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability

The Chinese central bank's open market operations (OMO) have kept the rate for medium-term instruments unchanged for over a year, with analysts...

PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments

The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...