Banking and Finance Laws

In a draft policy paper released for industry comment by the Chinese Institute of Certified Public Accountants (CICPA), China aims to develop at least…

Issued: September 5 2006Main contents: The Announcement provides for the definition of hybrid capital bonds and the requirements on the issuance of such…

Foreign lending institutions will only have to wait a few more weeks for a rule allowing overseas banks to deal with renminbi business nationwide, the…

Morgan Stanley's October 2 2006 acquisition of China's Nan Tung Bank resulted in the US investment bank gaining a commercial banking licence in China,…

As part of its increased efforts to combat financial crimes, China's top legislature, the Standing Committee of the National People's Congress, approved…

Issued: September 29 2006Effective: November 1 2006Applicability: This Circular does not apply to bonded zones, bonded ports, export processing zones,…

Morgan Stanley's October 2 2006 acquisition of China's Nan Tung Bank resulted in the US investment bank gaining a commercial banking licence in China,…

Issued: August 24 2006Effective: September 1 2006Main contents: The Circular specifies the asset scales required for qualified foreign institutional investor…

As part of its increased efforts to combat financial crimes, China's top legislature, the Standing Committee of the National People's Congress, approved…