The minimum duration of business establishment and assets for QFII status is clearly set out. Limitations on shareholding percentages of securities investments in China by foreign investors are imposed.
October 31, 2006
Banking and Finance Laws
Qualifications and approval of QFII status are set out in detail. Issues related to asset custody and fund management are also covered.
October 31, 2006The newly revised QFII rules aim to lower the entry threshold and allow more QFIIs into China's capital market. What investment restrictions have been lifted? Are there significant improvements to the original rules?
October 31, 2006Issuance of hybrid capital bonds now requires disclosure of various matters, which include the capital adequacy ratio for the past three years, business position, risk alert, and so on.
October 31, 2006Issued: September 1 2006Effective: as of date of issueApplicability: In the event of a conflict between existing provisions and this Circular, this Circular…
October 02, 2006The State Administration of Foreign Exchange (SAFE) has approved China's first qualified domestic institutional investor (QDII) foreign-currency fund;…
October 02, 2006Promulgated: August 27 2006Effective: June 1 2007Main contents: The Law comprisesPart One: General ProvisionsPart Two: Petition and AcceptancePart Three:…
October 02, 2006China Merchants Bank's (CMB) initial public offering (IPO) was oversubscribed by 266 times when investors rushed to buy a share of the retail portion of…
October 02, 2006National LegislationECONOMIC POLICYTentative Measures on Services Dealing with Complaints from Overseas Commerce of Chinese Enterprises中国企业境外商务投诉服务暂行办法L2130/06.08.16FINANCINGMeasures…
October 02, 2006China is considering establishing a new 'super regulator' to oversee its financial and banking industries, in a bid to improve coordination in a sector…
October 02, 2006