Chairmen and executives of Chinese financial holding companies face tighter scrutiny under new central bank rules

//Chairmen and executives of Chinese financial holding companies face tighter scrutiny under new central bank rules

Chairmen and executives of Chinese financial holding companies face tighter scrutiny under new central bank rules

Chairmen and senior executives of Chinese financial holding companies will need to have at least eight years of financial industry experience, according to a new set of rules announced by the central bank on Friday. The time they spend in the same role at a holding company will also be limited. Initially proposed in September by the People’s Bank of China (PBOC), the new regulations are designed to subject the country’s big technology groups to rules similar to those governing banks. The new…

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By | 2021-04-02T14:36:38+00:00 April 2nd, 2021|Business|Comments Off on Chairmen and executives of Chinese financial holding companies face tighter scrutiny under new central bank rules