Legislation roundup: Preference shares, factoring of commercial banks and outbound investment

The CBRC and CSRC have allowed commercial banks to offer preference shares and issued measures for commercial banks' factoring businesses. MOFCOM has relaxed the outbound investment approval process

3 minute readApril 24, 2014 at 12:31 PM

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Banking

China Banking Regulatory Commission and China Securities Regulatory Commission, Guiding Opinions on the Offering of Preference Shares by Commercial Banks to Replenish Their Tier 1 Capital
中国银行业监督管理委员会、中国证券监督管理委员会关于商业银行发行优先股补充一级资本的指导意见

A commercial bank

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