Banking
China Banking Regulatory Commission, Implementing Measures for Administrative Permission Items of Foreign-funded Banks
中国银监会外资银行行政许可事项实施办法
Among the conditions for the establishment of wholly foreign-owned banks and Sino-foreign equity joint venture banks, their minimum registered capital is increased from the existing equivalent to Rmb300 million in a freely convertible currency to Rmb1 billion or the equivalent in a freely convertible currency.
Legislation roundup: Foreign-owned banks and property insurance rules
The CBRC has set capital requirements for foreign-funded banks and the CIRC has issued rules for property insurance companies to establish an assumption reinsurance management system
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