November 08, 2011
FDI in Rmb officially allowed.
Offshore oil exploitation pays resource tax.
Foreign shipping firms allowed to set up WFOEs in China.
Assessment of the risk bearing capacities of customers required for the sale of wealth management products of banks.
CIRC sets entry thresholds for insurance intermediary companies.
Exit mechanism created for insurance companies.
Regulation of certification institutions strengthened.
These Measures govern the handling of renminbi settlement matters relating to foreign direct investment by banks.
The Measures set forth the conditions for a transferee of insurance business and the procedure for such transfer.
The Circular liberalises the market entry conditions for, and scope of business of, wholly foreign-owned shipping companies.
