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YOU WONT BELIEVE: Cbirc - You Need To See This

Ex-Official of China’s Banking Regulator Hit With Corruption Probe

Another Ex-Financial Regulator Expelled From Communist Party Over Graft Allegations

Caixin Global

China replaces securities regulator amidst market turmoil

China has replaced the head of its securities regulator amidst ongoing market turmoil, as the country seeks to stabilize its financial markets.

Top News

Local Financial Regulatory Bodies Announce Names Changes in Sweeping Overhaul

Switch affects almost 350 local branches under the now-defunct CBIRC

Caixin Global

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China, Singapore to Collaborate More Closely on Financial Regulation, Market Opening

CBIRC and MAS will partner up to develop global and regional rules and modernize their own regulatory systems

Caixin Global

Chinese Bank Trio Cut $11 Million in Bonuses to Deter Risk

China Merchants Bank, China Bohai Bank and Bank of Jiujiang withheld or recovered 77 million yuan in performance-based pay last year, sending a message to reduce risky behavior

Caixin Global

Opinion: China’s Latest Financial Overhaul Marks Shift From U.S. Model, but Risks Remain

A financial system lacking commercial independence will likely become a new area of concern

Caixin Global

Insurance Regulator Studies Risk Disposal Rules for Property Insurers

CBIRC official outlines plan to create a mechanism for market-oriented, rule-based, standardized risk reduction

Caixin Global

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China Issues Final Rules for Overhaul of $3 Trillion Trust Industry

Regulations aimed at wringing out risk and imposing tougher oversight on a troubled industry take effect June 1

Caixin Global

New Capital Rules Aim to Bring Chinese Banks in Line With Global Standards

The draft framework categorizes banks by size and offshore business to help increase compliance while helping smaller banks

Caixin Global

Another Ex-Financial Regulator Expelled From Communist Party Over Graft Allegations

Former banking official Qin Huizhong has been accused of taking bribes and maintaining ‘improper sexual relationships’

Caixin Global

Shanghai Composite Index Rose 0.29% on Tuesday

Shenzhen Component Index closed up 0.12%

Caixin Global

Victims of bank Ponzi-like scheme in China unable to withdraw money from frozen accounts

Since April last year, at least $8.5 billion has been frozen, leaving bank customers in dire straits. When they tried to protest, they allege they received brutal treatment from the police.

ABC News

China’s AIA, PICC Among Insurers Called Out for Inaccurate Data

The insurance firms get named and shamed after probes into their solvency reporting

Caixin Global

When Chinese protesters came up against Xi's security machine

Jack Yao, a Chinese Communist Party member, never wanted to be an activist.

Reuters

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The Times of India

China property crisis: Why homebuyers are halting mortgage payments

NEW DELHI: A growing number of homebuyers in China have stopped making mortgage payments for properties, adding to the woes of the country's already troubled real estate sector.

The Guardian - AU

China banks told to bail out property developers as mortgage boycotts threaten economy

Regulator’s intervention comes as thousands of homebuyers refuse to make mortgage repayments as crisis in property sector deepens

Caixin Global

Funde Sino Life Takes Control of National Trust

Regulators clear transfer of 40.72% stake in the often-sold trust and investment business amid continuing equity restructuring

Caixin Global

Chinese Banking Watchdog Says It’s Looking Into Rural Lenders Who Froze Online Services

The police have started an investigation into one shareholder of the village banks on suspicion it raised public funds illegally

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Caixin Global

Ex-Bank Regulator Kicked Out of Communist Party in Bribery Probe

Li Guorong accepted illegal payments related to Baoshang Bank failure while serving as a senior executive in the bank’s government takeover, graft busters say

Caixin Global

Chinese Insurers Start Paying Out in China Eastern Crash

Families of victims receive $2.34 million so far from 11 insurance companies while property and casualty insurers pay China Eastern $18.2 million

Caixin Global

China’s Banking Regulator Plans ‘Traffic Lights’ for Financial Sector

CBIRC’s 2022 goals include curbing the use of funds by banks and insurance companies for ‘blind overleveraging,’ financial monopolies and unfair competition

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