Legislation roundup: Interbank bond trading, Shanghai property and art dealing
March 10, 2016 | BY
Katherine Jo &clp articles &The PBOC has further opened the interbank bond market for QFIIs, RQFIIs and OTC businesses, Shanghai set an urban housing development plan and the Ministry of Culture specified requirements for art dealers
Capital Markets
People's Bank of China, Announcement [2016] No.3
The investment limits on foreign institutional investors, including QFIIs and RQFIIs, such as commercial banks, insurance companies, securities companies and fund management companies engaging in interbank bond trading have been lifted.
See the full translation.
Further reading
People's Bank of China, Measures for the Administration of Over-the-counter Business on the National Interbank Bond Market
A natural person investor with an annual revenue of not less than Rmb500,000, with financial assets of not less than Rmb3 million in his/her name and with at least two years of securities investment experience may invest in all of the bond products and trading products subsumed under OTC business.
Further reading
Real Property
Shanghai Municipality, Implementing Opinions on Further Optimizing the Land and Housing Supply Structure in Shanghai
The community development model in which public transportation plays the guiding role is encouraged, and the percentage of supply of small and medium-sized residential premises on land for commercially developed housing in areas adjacent to train stations is increased to at least 80%.
See the digest for more details.
Further reading
Culture
Ministry of Culture, Measures for the Administration of the Dealing in Works of Art
An entity that deals in works of art shall indicate on the works of art that it deals in information such as the artist, the period, the dimensions, the material, the state of preservation and the sales price.
Further reading
Capital Markets
People's Bank of China, Announcement [2016] No.3
The investment limits on foreign institutional investors, including QFIIs and RQFIIs, such as commercial banks, insurance companies, securities companies and fund management companies engaging in interbank bond trading have been lifted.
See the full translation.
Further reading
People's Bank of China, Measures for the Administration of Over-the-counter Business on the National Interbank Bond Market
A natural person investor with an annual revenue of not less than Rmb500,000, with financial assets of not less than Rmb3 million in his/her name and with at least two years of securities investment experience may invest in all of the bond products and trading products subsumed under OTC business.
Further reading
Real Property
Shanghai Municipality, Implementing Opinions on Further Optimizing the Land and Housing Supply Structure in Shanghai
The community development model in which public transportation plays the guiding role is encouraged, and the percentage of supply of small and medium-sized residential premises on land for commercially developed housing in areas adjacent to train stations is increased to at least 80%.
See the digest for more details.
Further reading
Culture
Ministry of Culture, Measures for the Administration of the Dealing in Works of Art
An entity that deals in works of art shall indicate on the works of art that it deals in information such as the artist, the period, the dimensions, the material, the state of preservation and the sales price.
Further reading
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