Banking and Finance Laws

SAFE's new Circular has eased burdens for foreign-invested enterprises converting foreign exchange in their capital accounts into renminbi, but the rules around business scope still need to be clarified

SAFE's new Circular has eased burdens for foreign-invested enterprises converting foreign exchange in their capital accounts into renminbi, but the rules around business scope still need to be clarified

Zhong Lun Law Firm

The Measures observe the principle of consistency in the regulatory criteria for Chinese and foreign-funded banks.

New Measures have simplified the regime for private funds in China and enhanced the CSRC's authority. But key issues are left unresolved and confusion over the tripartite regulatory system remains a problem

New Measures have simplified the regime for private funds in China and enhanced the CSRC's authority. But key issues are left unresolved and confusion over the tripartite regulatory system remains a problem

CBRC tightens control on trust companies.

Banks required to set up dedicated wealth management departments.

The Circular broadens the meaning of "special purpose vehicle" from having financing as its objective to investment and financing as its objectives.