Regulatory authorities have responded with legislation on exchange forwards and swaps. Will the authorities liberalize constraints on the derivative markets to meet international market standards?
Detailed procedures for the establishment and dissolution of foreign-invested banks, scope and operation of renminbi business, and professional qualification requirements of some senior personnel are provided.
Promulgated: October 31 2006Effective: January 1 2007Main contents: The Law comprises:Part One: General ProvisionsPart Two: Anti-money Laundering OversightPart…
A recent PricewaterhouseCoopers company survey found that many investors have lost interest in investing in non-performing loans (NPLs) in China and have…
A comment by Wu Xiaoling, a People's Bank of China (PBOC) deputy governor, triggered the lowest US dollar fall in 19 months compared to the euro. Wu's…
A recent PricewaterhouseCoopers company survey found that many investors have lost interest in investing in non-performing loans (NPLs) in China and have…
Cinda Asset Management plans to securitize US$604 million of Bank of China's bad loans, reports the Financial Times. Cinda is a state-owned firm that specializes…
American private-equity firm Carlyle Group has increased its bid for part of Xugong Group Construction Machinery by 20%, reports the Financial Times. Carlyle…