This week's legislation in brief

June 15, 2012 | BY

clpstaff &clp articles &

Includes: Measures for the capital administration of commercial banks

China Banking Regulatory Commission, Measures for the Capital Administration of Commercial Banks (Trial Implementation)

中国银行业监督管理委员会商业银行资本管理办法 (试行)

The Measures, called the Chinese version of the Basel III accord, require important banks to have capital adequacy ratio not lower than 11.5% and the other banks to have the ratio not lower than 10.5%. The Measures will be effective from January 1 next year.

Pudong New Area of Shanghai Municipality, Implementing Opinions on Intensifying the Reform and Innovation of the Administration of Industry and Commerce and Further Promoting the Innovation Drive and Transformation Development of Pudong

上海市浦东新区关于深化工商行政管理改革创新进一步推进浦东创新驱动、转型发展的实施意见

Pudong encourages the establishment of foreign-invested enterprises with renminbi from abroad.

China Insurance Regulatory Commission, Circular on Matters Relevant to the Offering of Subordinated Convertible Bonds by Listed Insurance Companies

中国保险监督管理委员会关于上市保险公司发行次级可转换债券有关事项的通知

Listed insurance companies and insurance group companies are allowed to offer subordinated convertible bonds.

See also:

Provisions for the Administration of Insurance Companies, Nov 2009

Measures for the Administration of Insurance Group Companies (Trial Implementation), May 2010

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