banking regulation

China Bans Cryptocurrency Transactions and Mining

On Friday, Chinese regulators announced a nationwide ban on cryptocurrency transactions and cryptocurrency mining. The culmination of a years-long crackdown, the move was meant to close loopholes in previous attempts to regulate...

Top Bank Chiefs Resign as Leadership Transition Looms

The chairmen of China’s two biggest banks resigned Friday to assume government positions, signaling a turnover at the top of China’s financial system ahead of Beijing’s political leadership change in 2012. From...

China regulator defends bank sales to foreigners – Richard McGregor

From the Financial Times: China’s top bank regulator has strongly defended the handling of overseas investments in local financial institutions, saying the rules of entry ensured that foreigners would not be able make speculative windfalls from their purchases. Liu Mingkang, head of the China Banking Regulatory Commission, said he expected a decision soon over the […]



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