Banking and Finance Laws

• China Outbound Investment: Banks' Scope Broadened, Trusts Added

  PRC domestic savings will soon have additional overseas outlets, as regulations are issued to permit more types of outbound investment by greater types of qualified domestic institutional investors.

  June 02, 2007

• Ministry of Finance and State Administration of Taxation, Circular on Tax Policies Relevant to Promoting the Development of Venture Capital Investment Enterprises

  财政部、国家税务总局关于促进创业投资企业发展有关税收政策的通知

  Tax reduction for venture capital investment enterprises investing in unlisted technology SMEs.

  June 02, 2007

• China Banking Regulatory Commission, Circular on Further Preventing Risks Relevant to Business Transactions Between Banking Financial Institutions and Securities Companies

  中国银行业监督管理委员会关于进一步防范银行业金融机构与证券公司业务往来相关风险的通知

  Banks required to ensure that loans are not used for stock trading.

  June 02, 2007

• China Banking Regulatory Commission, Measures for the Administration of Trust Companies

  中国银行业监督管理委员会信托公司管理办法

  More provisions to segregate a trust company's business for its own account and its trust business.

  June 02, 2007

• People's Bank of China and National Development and Reform Commission, Tentative Measures for the Administration of the Issuance of Renminbi Bonds in the Hong Kong Special Administrative Region by Domestic Financial Institutions

  中国人民银行、国家发展和改革委员会境内金融机构赴香港特别行政区发行人民币债券管理暂行办法

  Hong Kong becomse the first renminbi bond market outside mainland China.

  June 02, 2007

• China's New Property Law: Practical Issues

  The new Law provides a comprehensive framework for the protection of property rights for both foreign and domestic parties. Clarity of title and stability of property rights will be easier to attain.

  June 02, 2007

• China Banking Regulatory Commission and State Administration of Foreign Exchange, Tentative Measures for the Administration of the Entrusted Overseas Financial Management Business of Trust Companies

  中国银行业监督管理委员会、国家外汇管理局信托公司受托境外理财业务管理暂行办法

  Trust companies admitted to the QDII group.

  June 02, 2007

• General Office of the China Banking Regulatory Commission, Circular on Revising the Scope of Overseas Investment for Overseas Financial Management Services on Behalf of Customers of Commercial Banks

  中国银监会办公厅关于调整商业银行代客境外理财业务境外投资范围的通知

  Commercial bank QDIIs allowed to invest in overseas stocks.

  June 02, 2007

• China's State Investment Company To Acquire Stake In Us Private Equity Group

  China's State Investment Company (SIC) has agreed to make a US$3 billion investment in The Blackstone Group, in the form of non-voting common units. The…

  June 02, 2007

• People's Bank of China, Announcement on Enlarging the Floating Range of the Transaction Price Between the Renminbi and US Dollar on the Interbank Spot Foreign Exchange Market

  中国人民银行关于扩大银行间即期外汇市场人民币兑美元交易价浮动幅度的公告

  Renminbi allowed to appreciate further.

  June 02, 2007