The China Banking Regulatory Commission is likely to compel banks to carry funds raised for wealth management on their balance sheets, the latest move signaling stricter regulation and monitoring of the business.A small change, but maybe the first step of many to curtail bank lending.
The balance sheet treatment is expected to result in banks holding more capital in reserve, restricting their ability to expand. The rule is likely to be announced this week.
Planetree (0613): breach of Listing Rules: undisclosed loans to South Shore
(ex-0577) and Charles Chan Kwok Keung
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Mr Chan paid interest at 18% p.a. quarterly (19.25% APR) for the loans
totalling HK$26m granted to him in June 2021.
Source: Company announcement | Source d...
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