09/04/2020

China Regulator Fines Midsize Banks, Asset Manager

China Guangfa Bank and Hua Xia Bank Co. were fined CNY92.8 million and CNY1.1 million, respectively, for violations of rules covering wealth management products, loan issuance and internal controls.

09/02/2020

Jokowi pledges central bank to remain independent

Jokowi told a briefing with foreign correspondents that the central bank would remain independent, when asked about the recommendations, adding he had no plans to issue an emergency decree to change BI’s role.