Legislation roundup: Shanghai FTZ, PPP, and China-HK bond connect

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Further reading

Special Administrative Measures for Foreign Investment Access in Pilot Free Trade Zones (Negative List) (2017)

FIE reform scraps approval, streamlines regulation

National Development and Reform Commission and Ministry of Commerce, Announcement [2016] No.22

Tentative Measures for the Administration of the Record Filing of the Establishment of, and Changes in, Foreign-invested Enterprises

PPP

Ministry of Finance, People's Bank of China and China Securities Regulatory Commission, Circular on Matters Relevant to the Regulation of the Launch of Asset Securitization for Public-private Partnership Projects

财政部、中国人民银行、中国证券监督管理委员会关于规范开展政府和社会资本合作项目资产证券化有关事宜的通知

At the project operation phase, the project company, as promoter (original beneficial owner), may use beneficial entitlement or contract claims based on different types such as user fees, government fees and viability gap funding that can generate a cash flow for the project as the underlying assets to offer an asset securitization product. The offering during the project construction phase of asset securitization products by a project company relying on the future beneficial entitlement specified in the PPP contract will be actively explored.

Further reading

Operational Guidelines for Public-private Partnerships (Trial Implementation)

Building up the PPP model

Guiding Opinions on Promoting the Public-private Partnership Model in Public Service Sectors

New rules pave the road for PPP

Capital Markets

People's Bank of China, Tentative Measures for the Administration of the Cooperation in Mutual Access between the Mainland and Hong Kong Bond Markets

中国人民银行内地与香港债券市场互联互通合作管理暂行办法

The Tentative Measures remove the sentence: “There are no investment limits on “Northbound Trading””, as stated in the draft.

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Further reading

People's Bank of China and Hong Kong Monetary Authority, Joint Announcement

China's interbank bond market easing analyzed

People's Bank of China, Announcement [2016] No.3

Implementing Rules for Administration of the Record Filing of the Investment on the Interbank Bond Market by Foreign Institutional Investors

Circular on Foreign Exchange Control Issues Relevant to the Investment on the Interbank Bond Market by Foreign Institutional Investors

Several Provisions on the Mechanisms to Provide Mutual Trading Access Between the Mainland and Hong Kong Stock Markets