This Circular aims to enhance the investments of insurance capital. Insurance institutions may now invest in the equity of unlisted banks. Investment qualifications, withdrawal mechanism, and risk management are also covered.
Promulgated: December 6 2006Effective: December 11 2006Interpreting authority: China Banking Regulatory Commission (CBRC)Applicability: These Guidelines…
Promulgated: October 31 2006Effective: January 1 2007Main contents: The Law comprises:Part One: General ProvisionsPart Two: Anti-money Laundering OversightPart…
Cinda Asset Management plans to securitize US$604 million of Bank of China's bad loans, reports the Financial Times. Cinda is a state-owned firm that specializes…
A recent PricewaterhouseCoopers company survey found that many investors have lost interest in investing in non-performing loans (NPLs) in China and have…
A comment by Wu Xiaoling, a People's Bank of China (PBOC) deputy governor, triggered the lowest US dollar fall in 19 months compared to the euro. Wu's…
How do the new Regulations for the Administration of Foreign-invested Banks, enacted to fulfil China's WTO commitment, affect business for domestic and foreign banks?
Cinda Asset Management plans to securitize US$604 million of Bank of China's bad loans, reports the Financial Times. Cinda is a state-owned firm that specializes…
American private-equity firm Carlyle Group has increased its bid for part of Xugong Group Construction Machinery by 20%, reports the Financial Times. Carlyle…