Legislation roundup: Interbank bond market and e-commerce customs
June 02, 2016 | BY
Katherine Jo &clp articles &The PBOC and SAFE have set investment and currency limits for QFIIs in the interbank bond market and customs has put a temporary hold on permit requirements for specific imported goods
Capital Markets
Shanghai Head Office of the People's Bank of China, Implementing Rules for Administration of the Record Filing of the Investment on the Interbank Bond Market by Foreign Institutional Investors
If the investment principal remitted inward by a foreign institutional investor within nine months from the date on which it completed record filing is less than 50% of its proposed scale of investment placed on the record, it shall be required to submit anew information on its proposed investment scale, etc.
See the digest for more details.
State Administration of Foreign Exchange, Circular on Exchange Control Issues Relevant to the Investment on the Interbank Bond Market by Foreign Institutional Investors
The percentage of the aggregate foreign exchange and renminbi remitted outward by a foreign institutional investor shall remain essentially identical with the percentage of aggregate foreign exchange and renminbi remitted inward by it, with the range not to exceed 10% in either direction.
See the digest for more details.
Further reading
Retail and Wholesaling
General Office of the General Administration of Customs, Circular on Matters Relevant to Implementing the New Oversight Requirements in Respect of Imports of Cross-border E-commerce Retail
The requirements in respect of permits for, or registration and record filing of, the first-time import of cosmetics, infant formula powder, medical apparatus and instruments, and health foods in the remarks to the List of Import Goods of Cross-border E-commerce Retail (List) shall not be implemented for the time being.
The oversight plan specifies that the new oversight transition period shall be one year, ending on May 11 2017.
See the digest for more details.
Further reading
Capital Markets
Shanghai Head Office of the People's Bank of China, Implementing Rules for Administration of the Record Filing of the Investment on the Interbank Bond Market by Foreign Institutional Investors
If the investment principal remitted inward by a foreign institutional investor within nine months from the date on which it completed record filing is less than 50% of its proposed scale of investment placed on the record, it shall be required to submit anew information on its proposed investment scale, etc.
See the digest for more details.
State Administration of Foreign Exchange, Circular on Exchange Control Issues Relevant to the Investment on the Interbank Bond Market by Foreign Institutional Investors
The percentage of the aggregate foreign exchange and renminbi remitted outward by a foreign institutional investor shall remain essentially identical with the percentage of aggregate foreign exchange and renminbi remitted inward by it, with the range not to exceed 10% in either direction.
See the digest for more details.
Further reading
Retail and Wholesaling
General Office of the General Administration of Customs, Circular on Matters Relevant to Implementing the New Oversight Requirements in Respect of Imports of Cross-border E-commerce Retail
The requirements in respect of permits for, or registration and record filing of, the first-time import of cosmetics, infant formula powder, medical apparatus and instruments, and health foods in the remarks to the List of Import Goods of Cross-border E-commerce Retail (List) shall not be implemented for the time being.
The oversight plan specifies that the new oversight transition period shall be one year, ending on May 11 2017.
See the digest for more details.
Further reading
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