Legislation

Minimum capital adequacy ratio for domestic and foreign commercial banks in the PRC.

Clarifies the disclosure requirement for listed companies regarding non-recurring gain or loss.

Embodies a shift towards simplification of administrative approval procedures in Shanghai.

The first attempt of the PRC in setting up the framework for derivatives trading by financial institutions.

Regulates foreign currency cash deposit and withdrawal, as well as foreign currency settlement by non-residents in the PRC.

Regulates power market entry and withdrawal, information disclosure, power purchase agreements, grid connection and dispatch agreements, opening of power grides and inter-regional trading in the Northeast.

The protection of the insurance industry in possible insolvency crisis induced by large scale accidents and disasters.

Listed companies are required to diclose information on negotiable share holders, asset losses, history of funds appropriation, and external security provision.

The Opinions acknowledges the significance of vigorously development in the capital markets, outline reform ideologies, and provides directions for future liberalizations.