Legislation

Stricter provisions for food labelling.

New guidelines to control manipulation of profits by banks.

Double audit requirement of B shares cancelled.

Foreign exchange control on customs supervised zones unified.

China promotes syndicated loans.

CBRC stops security provision for corporate bonds.

The Provisions aim to standardize and enforce stricter regulation on food labelling, and to prevent quality fraud.

The Measures unify foreign exchange procedures for payment of goods or services in bonded zones, export processing zones, bonded logistics parks, bonded port zones, comprehensive bonded zones, cross-border industrial parks and other such specific zones over which customs affects closed regulations.

The Guidelines targets four major improvements on the financial structure of the banking industry: financial services, loan models, risk management, and inter-bank cooperation.