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.
February 29, 2004
Banking and Finance Laws
The PRC Banking Regulation Law establishes a new banking supervision institution – the China Banking Regulatory Commission (CBRC) – to oversee the regulation for all banking institutions and activities in China.
January 31, 2004Promulgated: December 27 2003Effective: February 1 2004Main contents: With the new revision, the State Council banking regulatory authority has taken over…
January 31, 2004Promulgated: December 27 2003Effective: February 1 2004Main contents: Under the revised Law the Monetary Policy Committee of the People¡¦s Bank of China…
January 31, 2004China has revised two of the country's key commercial banking laws, and has issued a concrete formulation of the role and responsibilities of the China Banking Regulatory Commission and this has been welcomed by industry watchers.
January 31, 2004Issued: November 17 2003Main contents: The Official Reply states that real property administrative authorities can revoke wrong cancellations of mortgage…
November 30, 2003National LegislationConstitution and Legal SystemMinistry of Justice Announcement (No.21) (Two Foreign Law Firms Establishing Additional Representative…
November 30, 2003Issued: October 24 2003Main contents: The Notice states that from December 1 2003 foreign-invested financial institutions may apply to engage in renminbi…
November 30, 2003Promulgated: December 8 2003Effective: December 31 2003Interpreting authority: China Banking Regulatory Commission (CBRC)Applicability: "Offshore financial…
November 30, 2003Issued: November 18 2003Main contents: The Notice states that the People's Bank of China will provide clearing arrangements for Hong Kong banks providing…
November 30, 2003