Requirements on issuance of subordinated obligations lowered to decrease the cost of financing for securities companies.
January 10, 2013
Banking and Finance Laws
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.
January 10, 2013After 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.
January 10, 2013End of the era of timetabled evaluation of bank performance
November 12, 2012Chinese banks' Basel III fears are mounting as lawyers outline how regulatory implementation of the rules will limit the industry's financing options.
November 10, 2012Zhang 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
September 27, 2012Zhang 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
September 26, 2012Set of tax policies issued to encourage private investment in various sectors.
September 11, 2012Asset-backed notes issued on the interbank bond market.
September 11, 2012Safe no longer requires settlement of foreign exchange received from exports.
September 11, 2012