PBOC cracks down misconduct in securities, banking

CHINA - The People's Bank of China (PBOC), the country's central bank, plans to focus its efforts on cracking down on misconduct within the financial markets.

In terms of securities-brokerage firms, the following types of misconduct are expected to be the main targets of the PBOC's crackdown efforts:

Transfer of overseas settlement accounts to other offshore banks;

Illegal transfer of capital between different B-share investors' accounts;

Failure to register B-share margin accounts with the State

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.