Many foreign companies are being attacked by Chinese companies for payment under guarantee fraud claims. Peng Shen and Ying Wu explain how devising a comprehensive dispute resolution strategy is key to avoid and manage these risks
July 07, 2014
Banking and Finance Laws
SAFE has relaxed its control over foreign exchange for cross-border security. Yun Chen believes the new rules are an important breakthrough for onshore and offshore financing
July 04, 2014China to further open the securities and futures industry to foreign investment.
June 24, 2014Issued: May 20 2014Main contents: The Guidelines require commercial banks to conduct assessments of the internal controls of institutions subject to consolidated…
June 23, 2014Carmen Kan, general counsel at Bank of China (Hong Kong) Limited, spoke to China Law & Practice on relaxing foreign exchange and Hong Kong's role as the global hub for offshore renminbi
June 10, 2014Banks allowed to issue preference shares to replenish capital.
May 13, 2014The Measures specify that, among the promoters, at least one is to be a qualified commercial bank, manufacturer or foreign lease financing company and its capital contribution is to account for not less than 30% of the share capital.
May 12, 2014New Measures have opened up investment opportunities for aircraft and vessel lease financing companies. But Xin Zhang and Miller Wang believe more clarity and support is needed before companies can start to set up offshore and tap into the global leasing market
April 24, 2014An insurance company is required to manage bank deposits other than the current deposits required to maintain its day-to-day operations in investment accounts.
April 17, 2014Issued: March 19 2014 Main contents: Pursuant to the Draft, a payment organisation may not provide online payment services for a transaction…
April 11, 2014