Legislation roundup: cross-strait agreement, fund management companies and real property

June 27, 2013 | BY

clpstaff &clp articles

China and Taiwan have signed an agreement on trade in services. The CSRC and CIRC have issued Measures over fund management companies of insurance institutions and Beijing has released Measures over the pre-sale of commercial residential premises

Taiwan

Mainland China and Taiwan, Cross-strait Agreement on Trade in Services

中国大陆、台湾海峡两岸服务贸易协议

According to the Agreement, Taiwanese investors are allowed to set up fully-licensed securities companies in Shanghai, Fujian and Shenzhen with an equity shareholding up to 51%. Taiwanese financial institutions may also invest in the mainland capital markets through the RQFII scheme. Taiwanese investors may also set up rural banks, joint market survey ventures and engage in trademark agency services.

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