Issued: September 21 2006Main contents: The Circular details the investment in the equity interests of commercial banks by insurance institutions regarding:(1)…
November 30, 2006
Banking and Finance Laws
American private-equity firm Carlyle Group has increased its bid for part of Xugong Group Construction Machinery by 20%, reports the Financial Times. Carlyle…
November 30, 2006Promulgated: November 11 2006Effective: December 11 2006Main contents: The Regulations comprise:Part One: General ProvisionsPart Two: Establishment and…
November 30, 2006Promulgated: December 6 2006Effective: December 11 2006Interpreting authority: China Banking Regulatory Commission (CBRC)Applicability: These Guidelines…
November 30, 2006Cinda 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…
November 30, 2006A 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…
November 30, 2006These Regulations signify a big step towards opening to foreign investments in the PRC's banking industry. The establishment, registration, and business scope of foreign-invested banks are clearly set out.
November 30, 2006How will the new PRC Anti-money Laundering Law limit or promote the business scope of financial institutions and foreign-invested enterprises?
November 30, 2006Will the Circular on the Investment in the Equity Interests of Commercial Banks by Insurance Institutionsdiminish benefits for foreign investors? How will local insurers manage the new dimension of competition?
November 30, 2006This Circular aims to enhance the investments of insurance capital. Insurance institutions may now invest in the equity of unlisted banks. Investment qualifications, withdrawal mechanism, and risk management are also covered.
November 30, 2006