Banking and Finance Laws

The framework for the second round of the Mainland-Hong Kong Closer Economic Partnership Arrangement was concluded in August. Now, the two sides have signed the "Legal Text", which has three annexes.

An overheating economy is the subject of recent macroeconomic adjustment measures issued by the government and affects foreign-invested projects.

Application requirements for foreign-funded auto finance companies to open foreign exchange capital fund accounts with Chinese banks.

Produces categorised lists of investment projects subject to official verification and guidance, and relaxes approval and verification systems applied to projects.

Promulgated: June 17 2004Effective: as of date of promulgationInterpreting authority: People's Bank of China and China Banking Regulatory Commission (CBRC)Applicability:…

National LegislationAsset ValuationAsset Valuation Guidelines - Basic Guidelines 资产评估准则-基本准则L3300/04.02.25(1)Asset Valuation Professional…

Loans granted by lenders to borrowers for car purchase, including second-hand vehicles.

Regulate the offering, operation and related activities of money market funds.

Types of financial instruments allowable for money market funds investment, and the requirements on the money market fund porfolio.