Banking and Finance Laws

Investment access of foreign banks is relaxed

Alipay allows foreign visitors to use its mobile payments platform; CSRC scraps two-year profit requirement for ChiNext private placements; and MSCI completes plan to increase A share weighting in key benchmark

PBOC has tightened control on banks' wealth management business

China launches nationwide 5G services network; UBS becomes first foreign underwriter of Star Market IPO; and Shanghai orders shutting down of P2P lenders in latest industry crackdown

Foreign investors' bond investments are facilitated

Restrictions on foreign banks, insurers lifted with immediate effect; China tops U.N. global survey for IP protection activity; and leading government agencies and companies launch nationwide blockchain services network

Regulatory criteria for net capital are laid out for wealth management subsidiaries of banks

Bad loans in China's banking system have increased in the second quarter of this year even as the government tries to avert a possible debt crisis among the country's smaller banks

China grants full debt underwriting licenses to two foreign banks; U.S. imposes anti-dumping duties on Chinese structural steel imports; and China issues first white paper on nuclear safety as talks wind down with France on fuel reprocessing project