Legal

Securities brokerages allowed to set up PE funds targeting institutional investors.

Stricter approval procedures for the establishment of rural banks.

National legislationAccountingMeasures for Comprehensive Evaluation of Accounting Firms (Revised) 中国注册会计师协会会计师事务所综合评价办法…

First set of measures on the leverage ratio of banks.

Pilot Rmb settlement of FDI launched.

Foreign banks allowed to sell mutual funds in China.

Holding companies must increase capital before re-investment.

An internal notice from the foreign exchange regulator creates more difficulties for foreign-invested holding companies wanting to reinvest their dividends in China

These Measures shall apply to commercial banks established in the PRC, including wholly Chinese-owned banks, wholly foreign-owned banks and Sino-foreign joint venture banks.