Banking and Finance Laws

Issued: August 9 2013 Main contents: The Draft relaxes the requirements for the establishment of banks with private capital. It lifts the 8% minimum…

Bank-securities company cooperation may not engage in fund pool business.

Forex control relaxed for QDII securities investments.

Private capital encouraged in establishment of banks.

SAFE streamlines forex control procedures for special customs zones.

Transactions in special customs zones may be settled in renminbi.

State Council continues to implement stable and sound monetary policy.

Issued: May 24 2013 Main contents: The Draft requires financial institutions and designated non-financial organisations to promptly freeze the capital…

NDRC streamlines enterprise bond offerings review.