Banking and Finance Laws

• 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

• Regulating asset management

  Denning Xu of Shanghai Young-Ben Law Firm explores the regulatory status of China's asset managementindustry and compares the policies issued in the past 12 months by the banking, securities and insurancecommissions

  November 10, 2014

• Supreme People's Court and China Banking Regulatory Commission, Opinions on People's Courts and Banking Financial Institutions Carrying Out Online Enforcement and Surveillance and Joint Credit Disciplinary Work

  最高人民法院、中国银行业监督管理委员会关于人民法院与银行业金融机构开展网路执行查控和联合信用惩戒工作的意见

  Court order to freeze bank assets will be carried out more efficiently via networks.

  November 10, 2014

• General Office of the China Banking Regulatory Commission, General Office of the Ministry of Finance and General Office of the People's Bank of China, Circular on Matters Relevant to Strengthening the Administration of the Deposit Deviation Ratio of Commercial Banks

  中国银监会办公厅、财政部办公厅、人民银行办公厅关於加强商业银行存款偏离度管理

  Banks can no longer offer last minute interest rate increases to attract deposits.

  November 10, 2014

• Provisions on Foreign Exchange Control in Connection with the Cross-border Provision of Security

  跨境担保外汇管理规定

  SAFE relaxes forex control on cross-border provision of security to facilitate financing.

  November 10, 2014