trending Market Intelligence /marketintelligence/en/news-insights/trending/9tGq5eVk9ayzi4fZH--ZhQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Chinese banking regulator tightens rules on officials joining banks

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Chinese banking regulator tightens rules on officials joining banks

China's banking watchdog has tightened rules restricting regulatory officials and their relatives from joining banks, as it bids to limit corruption risks, Caixin reported Aug. 1.

The new China Banking Regulatory Commission rules aim at tightening what is commonly known as the "revolving door" practice of officials moving between public and private sector jobs. They include barring staff of a certain seniority — and their family members — from taking jobs at financial institutions within three years after stepping down from the government. The relatives comprise parents, siblings, parents' siblings, spouses and children. Officials who have left the government for more than three years would still need regulatory clearance to join a bank, the news outlet said.

Further, regulators should be removed from their posts if their spouses, parents, children or their spouses, siblings or their spouses, or parents-in-law work at a financial institution or hold equity stakes of at least 5% in one directly supervised by the officials.

CBRC staff who have been in a "key" position for five years would also be rotated elsewhere. This was an "important" new rule since some senior officials have spent more than a decade in one role, Caixin said, citing a CBRC official.

There will also be closer scrutiny on officials who transfer to financial institutions to help with cleanup, as this has affected regulatory independence while bypassing existing "revolving door" restrictions, a source told the news outlet.

China's State Council recently removed Yang Jiacai, the CBRC's assistant chairman, from his post and the Central Commission for Discipline Inspection has placed him under investigation for suspected corruption. Yang's wife, who worked for a financial institution in Shanghai, is also under probe as a large amount of her bank account stems from unknown sources, Caixin said, citing sources with knowledge of the investigation. The news outlet added their son, Yang Hao, who runs a mobile app carwash service, is also under investigation.