Banking and Finance Laws

QDIIs restricted from purchasing foreign exchange

Only financial institutions may engage in online asset management sales.

Security provision by insurance companies is restricted to prevent illegal asset transfers.

China's banking industry further opened up to foreign banks

Cross-border foreign exchange transactions may use renminbi.

  Issued: November 17 2017   Main contents: A financial institution may not provide roundabout services for the asset management product of another…

Sovereign bond syndicates subject to third-party expert evaluation.

Limits set on bond repurchases.

Wei Wang of Co-Effort Law Firm highlights the progress and impact of China’s anti-corruption campaign, the increasing compliance burdens in the finance, internet, and pharmaceutical industries, and the procedures to follow for internal risk controls and investigations. 协力律师事务所的王炜律师重点介绍了中国反贪腐的进展和影响，对金融、网络和药品等行业日益增加的合规重担，以及内部风险控制和监管调查时的应对程序。

Dorothy Xing and Jennifer Zhang of East & Concord Partners analyze the latest policy objectives of the CBRC, CIRC, and CSRC, the regulations tackling P2P lending risks, and the onshore investment opportunities for foreign banks. 天达共和律师事务所的邢冬梅律师和张璇律师分析了银监会、保监会和证监会最新的政策目的，应对P2P借贷风险的法规以及外资银行的境内投资机遇。