Monday, October 26, 2020
Tags Regulation

Tag: Regulation

Citibank China Slapped with Shanghai’s Biggest Ever Banking Fine Over Property Loans

Citibank China is one of several major banks subject to administrative penalties by the Shanghai branch of the China Banking Regulatory Commission for regulatory...

Top Financial Think Tank Says China Can Learn from America’s Mistakes

The head of one of China's top think tanks says that the heavy emphasis placed upon regulation of the Chinese financial sector comes as...

PBOC Research Chief Weighs in on China’s Regulatory Challenges

Xu Zhong, the head of the People's Bank of China's research department, outlined the many difficulties faced by Chinese financial regulators during a key...

Have Financial Regulators Brought an End to China’s Deleveraging Drive?

Leading figures from China's banking sector have interpreted recent actions by the country's top financial regulators as indicating that the deleveraging drive launched towards the end...

Tsinghua Professor Calls for Separate and Independent Financial Regulators

A finance professor from China's leading university says that macroeconomic and monetary policy is best served by the the regulation of securities and insurance companies by independent agencies,...

CBRC to Introduce 46 New Legislative Items Over the Next Year

The latest legislative work plan released by China's banking regulator flags the introduction of 46 new statutory items over the upcoming year, as part of an...

PBOC Calls for “Orderly Disposal” of Key Risk Points

China's central bank has flagged the launch of further measures to stymie sources of risk in the country's lending and finance sectors. The People's Bank...

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Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...