The Provisions allow multinational corporations to centrally manage the foreign exchange funds of their member enterprises.
September 12, 2014
Banking and Finance Laws
SAFE has replaced outdated rules regarding offshore special purpose vehicles with a new Circular that expands funding sources, eases registration burdens and covers equity incentive plans. But the benefit to cross-border transactions depends on implementation, say Haiwen & Partners lawyers
September 10, 2014A new cash-pooling system allows multinational corporations to centralise their foreign exchange funds and eases flow between their onshore and offshore accounts. But quantitative control remains and the full potential of the system is yet to be realised
September 09, 2014The growing use of acquisition finance by the private equity industry has led to increasingly complex structures. But regulations make it difficult to provide lenders security and move onshore funds offshore
September 09, 2014China launches senior housing reverse mortgage endowment insurance in four major cities.
July 15, 2014PBOC lowers thresholds for banks to engage in forex business.
July 15, 2014Local governments allowed to issue their own bonds.
July 15, 2014CBRC strengthens prudential management of banks' factoring business.
July 15, 2014CBRC relaxes restrictions on the loan-to-deposit ratios of commercial banks
July 15, 2014Measures issued to suppress shadow banking.
July 15, 2014