Banking and Finance Laws

An important step forward, China modernizes its commercial banks by ensuring a sound financial position through the newly issued measurable capital adequacy standards.

An important step forward, China modernizes its commercial banks by ensuring a sound financial position through the newly-issued measurable capital adequacy standards.

National LegislationAccountingSystem for Review of the Practice Quality of Accounting Firms (Trial Implementation) 会计师事务所执行质量检查制度（试行）L3110/04.03.04Construction(Administration…

Minimum capital adequacy ratio for domestic and foreign commercial banks in the PRC.

The first attempt of the PRC in setting up the framework for derivatives trading by financial institutions.

Regulates foreign currency cash deposit and withdrawal, as well as foreign currency settlement by non-residents in the PRC.

The Opinions acknowledges the significance of vigorously development in the capital markets, outline reform ideologies, and provides directions for future liberalizations.

China is trying to make a new start in supervised derivatives trading since the freewheeling and risky practices that characterized the derivatives market in the 1990s.

For the first time legislation has been issued that makes clear the requirements for foreign acquisition of PRC banking and finance companies.