Chinese regulators have seized control of nine financial institutions (FIs) alleging they violated rules and jeopardized the country’s financial system. The Wall Street Journal reported the China Banking and Insurance Regulatory Commission intervened to take over four insurers, three securities companies and two trust firms...
The China Banking and Insurance Regulatory Commission (CBIRC) is issuing fines to banks at a record rate in an effort to combat increasing financial risk. Bloomberg, citing research by UBS, reported the CBIRC has issued 4 billion yuan — or $585 million — in fines since Chairman...
Chinese officials have reportedly taken measures to monitor and potentially crack down on the nation’s banks’ risky lending practices, reports in Reuters said Wednesday (April 25). Two unnamed sources told the publication that the nation’s financial regulator, the China Banking and Insurance Regulatory Commission (CBIRC),...
February 21, 2021
China’s bank regulator is tightening restrictions on internet loans made by commercial banks and looking more into online lenders in general, Reuters reported. The move comes as tech giants in the region like Ant Group are being more closely watched to avoid monopolistic actions, according to Reuters. In a notice, the China Banking and Insurance […]
July 17, 2020
Chinese regulators have seized control of nine financial institutions (FIs) alleging they violated rules and jeopardized the country’s financial system. The Wall Street Journal reported the China Banking and Insurance...
September 07, 2018
The China Banking and Insurance Regulatory Commission (CBIRC) is issuing fines to banks at a record rate in an effort to combat increasing financial risk. Bloomberg, citing research by UBS, reported...
