Banking and Finance Laws

The first rural joint venture bank has opened in Ningbo – a sign of the increasing modernisation in China's regions

Pre-tax allocation of loan loss reserves for lease financing receivables allowed for financial enterprises.

The first rural joint venture bank has opened in Ningbo – a sign of the increasing modernisation in China's regions

The Catalogue has been revised since the 2007 revision. Venture investment enterprises and intellectual property services are added to the encouraged category while the manufacture of assembled automobiles is removed from the category.

Transport and logistics sectors benefit from the new VAT reform.

Safe puts forward risk-reversal option portfolios.

Insurance companies required to deposit capital guarantee funds in more than one bank.

The implementation of China's bankruptcy law has been mired by the inconsistent standards and interpretations of various courts. A new set of measures offers more guidance and clarity, especially in pinpointing bankruptcy causes and who assumes the burden of proof

The Measures require insurance companies to deposit capital guarantee funds in more than one bank.