China’s top financial regulators issued guidance Friday for overseeing asset and wealth management products from all types of financial institutions, serving as the country’s first unified and strongest supervision standard on this area of business.
China’s central bank injected a net 621 billion yuan ($93.71 billion) into the market via open market operations this week to ease the liquidity strain, the largest amount in nearly 10 months.
China Banking Regulatory Commission rolled out a regulation draft on commercial banks’ equity management Thursday to prevent shareholders from misusing their rights to harm banks’ interests and is now asking public opinion on that, according to CBRC website.
Chinese banks recorded the second straight month of net foreign exchange purchase in October as cross-border capital flows stabilized, official data showed Thursday.
China will open up its payment industry in a balanced and orderly way, Fan Yifei, deputy governor of the People’s Bank of China (PBOC), said at a forum Thursday.
Bank of China (BOC), one of the country’s four biggest lenders, has issued a green bond in Paris denominated in three currencies — euro, US dollar and Chinese currency renminbi — for a total equivalent amount of $1.5 billion, the bank said Thursday in a statement.
Chinese fintech company Jianpu Technology Inc, served as the independent open platform for discovery and recommendation of financial products in China, debuted on NYSE Thursday, trading under the symbol “JT”.
A unified platform for collecting personal financial information and assessing people’s credit ratings is being planned, and it is expected to be launched soon as a part of the central bank’s regulatory framework, experts told China Daily.