Banking and Finance Laws

A decision by the Supreme People's Court on the value adjustment mechanism has left investors worried, but if their intentions reflect the spirit of the mechanism the courts will still uphold their investments

The total funds (investment principal and returns) that a QFII may outwardly remit each month may not exceed 20% of its total domestic assets as at the end of the previous year.

Requirements on issuance of subordinated obligations lowered to decrease the cost of financing for securities companies.

The Circular cancels the approval requirements relating to foreign direct investment for opening of foreign exchange accounts, deposits into relevant accounts, purchase of foreign exchange for overseas payment and foreign exchange transfers within China.

After completing the necessary foreign exchange registration and capital contribution confirmation procedures, a foreign-invested partnership may directly open foreign exchange accounts and purchase foreign exchange with the bank.

End of the era of timetabled evaluation of bank performance

Chinese banks' Basel III fears are mounting as lawyers outline how regulatory implementation of the rules will limit the industry's financing options.

Zhang Wei, general manager of the legal department at ICBC, talks with David Tring about his hopes for legislation in 2013 and how the bank's expanding global reach is affecting his work

Zhang Wei, general manager of the legal department at ICBC, talks with David Tring about his hopes for legislation in 2013 and how the bank's expanding global reach is affecting his work