Banking and Finance Laws

PBOC strengthens administration of bank accounts.

The country's national security, cybersecurity, anti-terrorism and financial IT rules can significantly impact foreign companies' operations, data privacy and cross-border information transfers. MNCs need to work together to prevent these costly and potentially risky changes

PBOC allows foreign central banks to access the Chinese interbank foreign exchange market

Risk reserve contributions required for forward exchange sales.

Housing reserve loan restrictions relaxed.

Issued: August 12 2015 Main contents: A non-deposit taking lending organization wishing to engage in lending business through an internet…

Financing security support stressed for micro-business and agriculture.

China encourages the establishment of private banks.

China's draft Cybersecurity Law, which restricts cross-border data transmissions and requires the setting up of servers in the country, has prompted foreign companies to assess risks regarding delay, disclosure and costs