Banking and Finance Laws

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

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

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

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

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