Tue, 21 Mar 2023 China Legal Trends CJO Staff Contributors Team
In January 2023, the People's Bank of China (PBC) issued the “China Anti-Money Laundering (AML) Report 2021”. 401 institutions were given administrative penalties for AML violations, with fines amounting to CNY 321 million (approx. USD 46 million).
Mon, 13 Mar 2023 China Legal Trends CJO Staff Contributors Team
In February 2023, The “Measures for the Administration of Securities Brokerage Business” issued by the China Securities Regulatory Commission (CSRC) came into effect.
Mon, 20 Feb 2023 China Legal Trends CJO Staff Contributors Team
In December 2022, China Banking and Insurance Regulatory Commission (CBIRC) released the “Measures for the Administration of Consumer Rights Protection of Banking and Insurance Institutions”, banning fraudulent, concealing, or misleading publicity and forced tie-in sale of products or services.
Tue, 24 Jan 2023 China Legal Trends CJO Staff Contributors Team
In November 2022, China Banking and Insurance Regulatory Commission issued the “Measures for the Comprehensive Regulatory Rating of Foreign Bank Branches” (For Trial Implementation), setting up rules for assessing the operating risks of foreign bank branches.
Wed, 09 Dec 2020 China Legal Trends CJO Staff Contributors Team
On 23 Nov. 2020, China Banking and Insurance Regulatory Commission issued the “Provisions on the Supervision and Administration of Insurance Agents” (保險代理人監(jiān)管規(guī)定).
Tue, 08 Dec 2020 China Legal Trends Yanru Chen 陳彥茹
On 23 Nov. 2020, Shanghai High People’s Court issued the “Several Opinions on Shanghai Court Serving and Safeguarding the Further Expansion of the Opening of the Financial Industry” (上海法院服務保障進一步擴大金融業(yè)對外開放若干意見) (“the Opinions”) and six typical cases of foreign-related financial disputes in a press conference.
Fri, 13 Nov 2020 China Legal Trends CJO Staff Contributors Team
The draft version of the Interim Measures for the Administration of Online Micro-lending Business (網(wǎng)絡小額貸款業(yè)務管理暫行辦法(征求意見稿)) was issued by the China Banking and Insurance Regulatory Commission (CBIRC) and the People's Bank of China (PBOC) on November 2, 2020.