Banking and Finance Laws

• State Council, Circular on Several Measures to Expand the Opening to the Outside World and Actively Utilize Foreign Investment

  国务院关于扩大对外开放积极利用外资若干措施的通知

  Financial sectors will be further opened to foreign investors.

  February 24, 2017

• People's Bank of China, Measures for the Administration of the Reporting of Large Transactions and Suspicious Transactions by Financial Institutions

  中国人民银行金融机构大额交易和可疑交易报告管理办法

  The reporting threshold for cash transactions has been lowered from Rmb200,000 to Rmb50,000.

  February 23, 2017

• Ministry of Finance and State Administration of Taxation, Supplementary Circular on Issues Relevant to the Value-added Tax Policy on Asset Management Products

  财政部、国家税务总局关于资管产品增值税政策有关问题的补充通知

  SAT clarifies on the effective date of levy of VAT on managers of asset management products.

  February 21, 2017

• Ministry of Finance and State Administration of Taxation, Circular on Clarifying the Value-added Tax Policy on Finance, Real Property Development, Educational Support Services and Others

  财政部、国家税务总局关于明确金融、房地产开发、教育辅助服务等增值税政策的通知

  Managers of asset management products shall pay VAT.

  February 21, 2017

• China Banking Regulatory Commission, Ministry of Industry and Information Technology and State Administration for Industry and Commerce, Guidelines for the Administration of the Registration of Peer-to-peer Lending Information Intermediaries

  中国银行业监督管理委员会、工业和信息化部、国家工商行政管理总局网络借贷信息中介机构备案登记管理指引

  P2P platforms' record filing does not constitute credibility.

  February 21, 2017

• National Internet Finance Association of China, Standard No.1 – Internet Finance Information Disclosure: Peer-to-peer Lending

  中国互联网金融协会标准 ─ 互联网金融信息披露 个体网络借贷

  P2P platforms required to report on P2P lending statistics.

  February 21, 2017

• The SPC enhances protection in fraud litigation

  China's Supreme People's Court clarifies the jurisdiction of PRC courts, tightens standards for suspension orders and defines the scope of independent guarantee fraud

  February 06, 2017

• How are China's capital controls affecting cross-border transactions?

  A quicktake on how the central bank's latest cash curbs impact outbound deals, offshore loans and overseas payments by individuals and corporates

  February 02, 2017

  

• China's interbank bond market easing analyzed

  What foreign investors need to know about accessing the $8 trillion onshore interbank bond market

  January 12, 2017

• China Banking Regulatory Commission, Guidelines for Managing the Risks of the Off-balance-sheet Business of Commercial Banks (Draft for Comments on Amendments)

  中国银行业监督管理委员会商业银行表外业务风险管理指引 (修订征求意见稿)

  Issued: November 23 2016 Main contents: The Guidelines expand the scope of off-balance-sheet business to security and undertakings, investment…

  January 12, 2017