Legal

The provision of security to foreign parties for financing purposes by banks in China shall be subject to balance control, and the provision of security to foreign parties by non-bank financial institutions and enterprises shall mainly be subject to approval on a case by case basis.

All insurance institutions allowed to conduct interest rate swaps.

Procedural clarification made for preferential tax treatment for non-tax-residents.

Banks included in the regulation of overseas direct investment.

Circular issued to clarify telecom business tax issues.

Notice stipulating one-off deduction of equity investment losses.

Policy to level investment field for foreign insurers.

Independent third parties may be appointed to evaluate internal controls of insurance companies.

Mofcom lays down specific rules for the divestiture remedy for anti-monopoly restrictions.