Legislation roundup: Hainan asset management project, Pricing Law, and Money brokerages

Hainan offers asset management investment scheme similar to QFII. Dumping goods at below cost price will be prohibited. The minimum registered capital for investing in a money brokerage is increased.

By Susan Mok

Capital Markets

Hainan Free Trade Port, Implementing Rules for Pilot Cross-Border Asset Management Project Business

海南自由贸易港跨境资产管理试点业务实施细则

A pilot asset management product invested in by a foreign investor shall be denominated and settled in renminbi; the scope thereof includes:

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