Foreign banks' local branches can apply for fund custody licenses, fulfilling trade deal pledge; China's securities watchdog names and shames illegal margin lenders as fears grow of 2015 market rout repeat; and State Council announces sixth batch of FTZ reform measures to be rolled out nationwide
Banking and Finance Laws
- July 13, 2020
Hong Kong national security law comes into effect with U.S. sanctions imminent; China launches wealth management connect scheme with Hong Kong, Macao; and NPC publishes draft Data Security Law tightening data protection rules
July 06, 2020U.S. Senate passes bill threatening sanctions against financial institutions, officials over Hong Kong; China shortens negative lists to further open up economy to foreign investment; and CSRC plans to grant securities licenses to domestic commercial banks
June 29, 2020Xinhua reveals details of planned Hong Kong national security law; JPMorgan becomes first fully-owned futures business following CSRC approval; and U.S. companies allowed to work with Huawei on next-generation technology standards
June 22, 2020Forex control relaxed to facilitate cross-border business
June 19, 2020ChiNext finalizes reforms liberalizing listing process while tightening disclosure requirements; Hong Kong sees major secondary listings in quick succession with Nasdaq-listed NetEase and JD.com; and American Express becomes first foreign player approved to offer card-clearing services in China
June 15, 2020Quoting of defaulted bond trading is subject to regulation
June 12, 2020CBIRC relaxes insurance capital investment in bank capital replenishment bonds
June 11, 2020Major plan for Hainan to become globally-recognized free trade port released; Swiss bank Credit Suisse takes majority control of securities JV; and U.S.-China animosity extends to aviation industry with bans and walk backs
June 08, 2020CBIRC supports foreign bank branches in applying for fund custody qualifications
June 05, 2020






