Tag: CBIRC
BNP Paribas mulls onshore WM JV with Agricultural Bank of China
China explicitly includes majority foreign-owned JVs in scope of WM companies
China approves WM JV of Goldman Sachs and ICBC
Jan/Feb Regulatory Round-up: GBA Wealth Management Connect; warning against ramp-and-dump scams; 2021 priorities
CBIRC tightens rules on commercial banks’ online lending business
Regulators sign MoU for Greater Bay Area Wealth Connect
Credit Suisse adds COO to China franchise
Chinese banks’ shadow credit grows in 1H20, as AM regulations are shelved until 2021
May Regulatory Round-up: Regulators come to the defence of Hong Kong; HKMA reviews incentive structures; Increased demand for fully remote onboarding
UBS hires senior CBIRC, PBoC official to head China onshore business
Huishang Bank opens doors to WM subsidiary
Three FIs receive record fines from PBoC for AML violations
PBoC pledges sufficient liquidity to maintain the smooth operation of China’s banking system
A year of handshakes, green lights, and ribbon-cutting: 2Q19
CBIRC issues guidelines for capital management at WM subsidiaries
Opportune time for foreign FIs targeting U/HNWIs in China: Oliver Wyman
China opens market for wholly foreign-owned banks
Chinese regulator suggests net capital requirement for WM subsidiaries
HK, Mainland China conduct and culture regimes “vary significantly”: Synpulse
ICBC and CCB given green light to open doors at WM subsidiaries
April Regulatory Round-up: APAC regulators maintain AML focus; bank culture requires practical enforcement; concerns over conflicting cross-border regulations
HK regulators urge Mainland FIs to review risky financial arrangements
CEB receives go-ahead to establish WM subsidiary
China Regulatory Round-up: Reforms impact HNW client product preference
NPC to pass law simplifying foreign-related investments
Chinese regulator issues new AML/CTF rules as FATF concludes evaluation
Chinese regulator approves ICBC’s application to set up WM subsidiary
CBIRC urges Chinese banks to enhance proper banking culture in overseas branches
Chinese regulator fines six banks for WMP-related breaches
China regulator launches new rules for banks’ WM subsidiaries
China banking regulator seeks to remove uncertainty with follow-up WMP rules
CBIRC chairman: China’s financial industry need not worry about market opening and reforms
