The 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, 2014
Banking and Finance Laws
New 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, 2014Issued: February 13 2014Main contents: The Draft greatly narrows the scope of control over the amounts involved in the provision of domestic security…
April 11, 2014Forex registration for FDI in the Shanghai free trade zone streamlined.
April 11, 2014China's new breakthrough in relaxation of forex control on the capital account.
March 10, 2014Banks required to disclose more information on affiliated transactions.
March 10, 2014MOF explains accounting treatment for mergers of enterprises subject to the same control.
March 10, 2014The new consumer finance rules are a clear step forward in diversifying credit opportunities, but it is unclear whether they go far enough
March 07, 2014