Banking and Finance Laws

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.

More new rules have been published that clarify the cross-border flow of Renminbi and they signal that China has formally opened the channel for cross-border and nation-wide Renminbi foreign direct investment

More outbound cross-border Rmb investments expected from FDI earnings.

Export foreign exchange procedures streamlined.

Assessment of the risk bearing capacities of customers required for the sale of wealth management products of banks.

These Measures govern the handling of renminbi settlement matters relating to foreign direct investment by banks.

Further definition on the legal causes of bankruptcy