The China Banking Regulatory Commission (CBRC) posted a draft regulation Wednesday on the management of personal loans to prevent the misuse of loans to prevent asset bubbles. "Investigation reports on personal loans should include the loan applicants' basic data, income range, usage of the loan...
The China Banking Regulatory Commission (CBRC), the nation's banking regulator, on Wednesday released a new circular prohibiting banks from investing wealth management funds in stocks and equity mutual funds, according to a statement published on CBRC's website.The banking regulator also banned...
China will see ten more financial leasing companies, which will be set up by banks, in the next two years, said a senior official with the China Banking Regulatory Commission (CBRC), the China Securities Journal reported on Tuesday. The State Council, China's Cabinet, will approve a maximum of ten new...
China Banking Regulatory Commission (CBRC) will soon launch new detailed rules to regulate flow of the country's soaring loans, according to industry insiders.Considering domestic lenders' higher-than-expected credit amount in the first quarter of this year, the banking watchdog has drafted four new rules,...
China's banking regulator, the China Banking Regulatory Commission (CBRC), will further control risk management in mainland lenders on continuous lending growth in the domestic market last month, the China Daily reported.In March, mainland lenders extended a total of RMB 1.87 trillion in new loans, after its...
China Banking Regulatory Commission (CBRC), the country's banking regulator, has started the on-site investigation on lending activities by state-owned domestic commercial banks, the 21st Century Business Herald reported.The CBRC will check what new RMB loans are being used for, sources said, adding the...
Dec. 24, 2008 (China Knowledge) - China Banking Regulatory Commission (CBRC) has submitted the proposal to the relevant authorities of the central government on setting up consumer finance companies in major Chinese cities, like Beijing...
China Minsheng Banking Corp. (CMBC), the first privately-owned bank in the country, has been approved by the China Securities Regulatory Commission (CSRC), to issue H-shares in Hong Kong, the CMBC announced in its midyear report released Wednesday. The bank plans to sell up to 3.818 billion new s...
The China Banking Regulatory Commission, the nation's top banking regulator, on Sunday warned of the risks from soaring bank loans, singling out the dangers of unhealthy growth in the property market, according to a statement published on the commission's website yesterday. Liu Mingkang, chairman of...
Bank of Communications (BoComm)<601328><3328>, the fifth largest bank in China, has obtained approval from the China Banking Regulatory Commission (CBRC), the nation's banking regulator, to set up branches in San Francisco, Sydney and Ho Chi Minh City, the Shanghai Securities News reported on Friday....