Banking and Finance Laws

• Shanghai Head Office of the People's Bank of China, Implementing Rules for the Macro Prudential Administration of Offshore Financing under Separate Accounting and Cross-border Fund Flows in the China (Shanghai) Pilot Free Trade Zone

  中国人民银行行上海总部中国（上海）自由贸易实验区分账核算业务境外融资与跨境资金流动宏观审慎管理实施细则

  Shanghai FTZ relaxes offshore financing.

  March 16, 2015

• China Banking Regulatory Commission, Measures for the Administration of Entrusted Loans of Commercial Banks (Draft for Comments)

  中国银行业监督管理委员会商业银行委托贷款管理办法 (征求意见稿)

  Issued: January 16 2015Main contents: The Measures specify that entrusted loans may not be used for:(1) investment in bonds, futures, financial derivatives,…

  March 16, 2015

• People's Bank of China, Guiding Opinions on the Remote Opening of Renminbi Bank Accounts by Banking Financial Institutions (Draft for Comments)

  中国人民银行关于银行业金融机构远程开立人民币银行账户的指导意见 (征求意见稿)

  Published: January 2015Main contents: The Draft requires that the remote opening of accounts be based on the real name system. Within the scope of remote…

  March 16, 2015

• PRC Regulations for the Administration of Foreign-invested Banks (2nd Revision)

  中华人民共和国外资银行管理条例（第二次修订）

  The criteria for setting up branches are lowered for foreign banks.

  February 05, 2015

• Ministry of Commerce, PRC Foreign Investment Law (Draft for Comments)

  商务部中华人民共和国外国投资法 (草案征求意见稿)

  Issued: January 19 2014 Main contents: Pursuant to the Draft, an enterprise in China controlled by a foreign investor is treated as a foreign investor,…

  January 21, 2015

• State Administration of Foreign Exchange, Circular on Revising the Control Policies Relevant to the Entry into the Interbank Foreign Exchange Market by Financial Institutions

  国家外汇管理局关于调整金融机构进入银行间外汇市场有关管理政策的通知

  Non-bank financial institutions allowed in the interbank forex market.

  December 18, 2014

• Legislative Affairs Office of the State Council, Deposit Insurance Regulations (Draft for Comments)

  国务院法制办公室存款保险条例 (征求意见稿)

  Issued: November 30 2014Main contents: Deposit-taking banking financial institutions, such as commercial banks, rural cooperative banks and rural credit…

  December 18, 2014

• Circular on Revising the Control Policies Relevant to the Entry into the Interbank Foreign Exchange Market by Financial Institutions

  关于调整金融机构进入银行间外汇市场有关管理政策的通知

  Non-bank financial institutions allowed in the interbank forex market.

  December 18, 2014

• State Administration of Foreign Exchange, Circular on Issues Relevant to Launching a Pilot Project for Reform of the Administration Method for the Settlement of the Foreign Exchange Registered Capital of Foreign-invested Enterprises in Certain Regions

  国家外汇管理局关于在部分地区开展外商投资企业外汇资本金结汇管理方式改革试点有关问题的通知

  FIEs allowed to convert their foreign exchange registered capital at their own discretion in pilot regions.

  November 10, 2014

• People's Bank of China and China Banking Regulatory Commission, Circular on Further Duly Carrying out Residential Financing Service Work

  中国人民银行、中国银行业监督管理委员会关于进一步做好住房金融服务工作的通知

  Policy relaxed on granting of the second housing mortgage loans.

  November 10, 2014