Banking and Finance Laws

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

Safe lowers banks' quotas for provision of security to foreign parties.

The revised sale of securities investment funds measures introduce more competition by loosening qualification restrictions and allowing new entrants flexibility in compensation structures for value-added services

Over the past few years, China has been creating channels to allow a two-way cross-border flow of Renminbi (Rmb) funds to internationalise its currency. As the legal framework for this is still nascent, investors need to be cautious of practical hurdles and uncertainties

These Measures shall apply to commercial banks established in the PRC, including wholly Chinese-owned banks, wholly foreign-owned banks and Sino-foreign joint venture banks.