Tag: China
China approves its first carbon-neutral exchange traded funds
Chinese authorities have approved the country’s first carbon-neutral exchange traded funds (ETFs) following efforts by regulators to drive green finance growth.
Data on 1 billion Chinese citizens potentially leaked from Shanghai police
A hacker that goes by the name of ChinaDan claims they have obtained 23 terabytes of data on one billion Chinese nationals and billions of case records from Shanghai police.
China endorses plan to strengthen FinTech regulations
President of China Xi Jinping has officially approved a plan to standardise and develop regulations for the FinTech sector, MarketWatch has reported.
Chinese regulator calls on banks, insurers to develop pension financial services
The China Banking and Insurance Regulatory Commission (CBIRC) has said banking and insurance firms should strengthen investment management of pension funds.
Chinese authorities introduce draft law on financial stability
Chinese authorities have unveiled a draft law on financial stability which has been open for public opinion since last week.
China to widen digital yuan trials across more cities nationwide
The People’s Bank of China (PBOC) is set to expand a pilot of a digital yuan across a range of new locations following the success of the initial program.
China defers new AML rules amid pushback and privacy concerns
The People’s Bank of China (PBOC) has said it is postponing the introduction of new rules that firm up cash withdrawal and deposit scrutiny due to ‘technical reasons’.
FCC revokes Chinese telecom provider licence due to security risks
The Federal Communications Commission (FCC) has revoked China Unicom Americas’ licence due to ‘serious national security concerns’.
Could 2022 be the year of the CBDC?
With the rise of cryptocurrencies showing no signs of slowing down, the growth of central bank digital currencies (CBDC) appears to be another trend on the ascendancy. Will 2022 prove to be a red-letter year for CBDC adoption?
China’s exchange regulator fines Tenpay for misconduct allegation
China’s State Administration of Foreign Exchange has reportedly fined Tenpay, which is owned by Tencent Holding, for foreign exchange rules violations.
