Banking and Finance Laws

• China Banking Regulatory Commission, Work Guidelines for the Protection of the Rights and Interests of Consumers of the Banking Sector

  中国银行业监督管理委员会银行业消费者权益保护工作指引

  The first consumer protection guidelines for the banking sector issued.

  October 24, 2013

• People's Bank of China, Circular on Simplifying the Procedure for Cross-border Renminbi Transactions and Improving Relevant Policies

  中国人民银行关于简化跨境人民币业务流程和完善有关政策的通知

  Cross-border renminbi transactions made easier.

  September 26, 2013

• China Banking Regulatory Commission, Implementing Measures on Administrative Permission Matters in Connection with Chinese-invested Commercial Banks (2013 Draft for Comments)

  中国银行业监督管理委会中资商业银行行政许可事项实施办法 (2013年版征求意见稿)

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

  September 10, 2013

• Securities Association of China, Circular on Matters Relevant to the Regulation of the Cooperation between Securities Companies and Banks in Engaging in the Targeted Asset Management Business

  中国证券业协会关于规范证券公司与银行合作开展定向资产管理业务有关事项的通知

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

  September 10, 2013

• State Administration of Foreign Exchange, Provisions on Foreign Exchange Control in Connection with Overseas Securities Investments by Qualified Domestic Institutional Investors

  国家外汇管理局合格境内机构投资者境外证券投资外汇管理规定

  Forex control relaxed for QDII securities investments.

  September 10, 2013

• General Office of the State Council, Implementing Opinions on the Support for the Development of Small and Micro Enterprises from Financial Services

  国务院办公厅关于金融支持小微企业发展的实施意见

  Private capital encouraged in establishment of banks.

  September 10, 2013

• State Administration of Foreign Exchange, Circular on Issues Relevant to Improving Current Account Related Foreign Exchange Control in Zones under Special Customs Surveillance

  国家外汇管理局关于改进海关特殊监管区域经常项目外汇管理有关问题的通知

  SAFE streamlines forex control procedures for special customs zones.

  August 15, 2013

• State Administration of Foreign Exchange, Measures for Foreign Exchange Control in Zones under Special Customs Surveillance

  国家外汇管理局海关特殊监管区域外汇管理办法

  Transactions in special customs zones may be settled in renminbi.

  August 01, 2013

• General Office of the State Council, Guiding Opinions on Financial Support for Adjusting, Transitioning and Upgrading the Economic Structure

  国务院办公厅关于金融支持经济结构调整和转型升级的指导意见

  State Council continues to implement stable and sound monetary policy.

  July 25, 2013

• People's Bank of China, Measures for the Administration of Freezing of Assets Involved in Terrorist Activities (Draft for Comments)

  中国人民银行涉及恐怖活动资产冻结管理办法 (征求意见稿)

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

  July 16, 2013