Banking and Finance Laws

Goldman Sachs, Morgan Stanley pass final hurdle to take majority control over local JVs; CBIRC releases insurance asset management product rules as part of new regulatory regime; and MOFCOM publishes draft rules mapping out foreign investment complaints procedure

People's Bank of China issues first specifications on distributed ledger technology

State Council has lowered the investment capital percentage requirements

China steps up measures to contain imported COVID-19 cases; HKEX launches master SPSA service for fund managers; and SAFE eases foreign borrowing regulations for high-tech startups.

Coronavirus affected small businesses may have their loan payments postponed

Banks and insurance companies are allowed to engage in sovereign bond futures trading

Economy still stifled despite positive signs indicating success in containing virus; record issuance of force majeure certificates to Chinese businesses disrupted by epidemic; and JP Morgan indexes begin Chinese government bond inclusion

Foreign parties may hold a controlling interest in wealth management companies

Global legal community rallies to support COVID-19 hit businesses with expert advice; China approves first foreign-owned asset management company following trade deal; and more measures introduced to kickstart faltering economy