Legislation roundup: Foreign banks, imported drugs, and Sino-foreign CJVs

March 23, 2017 | BY

Katherine Jo &clp articles

The CBRC has allowed foreign-invested banks to invest in domestic financial institutions, the CFDA has proposed relaxing drug trial and registration requirements, and the withdrawal procedures for a foreign partner exiting a co-operative joint venture have been eased

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Banking

General Office of the China Banking Regulatory Commission, Circular on Matters Relevant to Foreign-funded Banks Engaging in Certain Businesses

Provided that risks are controllable, a wholly foreign-owned bank or