China regulates major shareholders of financial institutions

On October 14, in order to further strengthen the supervision of shareholders’ equity and effectively prevent financial risks, the CBRC issued the measures for the supervision of the behavior of major shareholders of banking and insurance institutions (for Trial Implementation). The measures prohibit major shareholders from improperly interfering with the normal operation of banking and insurance institutions, making improper publicity in the name of licensed institutions, entrusting or accepting others to attend the general meeting of shareholders, and using equity to provide guarantee for the debts of non related parties. Clarify the code of conduct for major shareholders to participateRead More →

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