The PRC Banking Regulation Law establishes a new banking supervision institution – the China Banking Regulatory Commission (CBRC) – to oversee the regulation for all banking institutions and activities in China.
Promulgated: December 27 2003Effective: February 1 2004Main contents: With the new revision, the State Council banking regulatory authority has taken over…
Promulgated: December 27 2003Effective: February 1 2004Main contents: Under the revised Law the Monetary Policy Committee of the People¡¦s Bank of China…
China has revised two of the country's key commercial banking laws, and has issued a concrete formulation of the role and responsibilities of the China Banking Regulatory Commission and this has been welcomed by industry watchers.
National LegislationConstitution and Legal SystemMinistry of Justice Announcement (No.21) (Two Foreign Law Firms Establishing Additional Representative…
Issued: October 24 2003Main contents: The Notice states that from December 1 2003 foreign-invested financial institutions may apply to engage in renminbi…
Promulgated: December 8 2003Effective: December 31 2003Interpreting authority: China Banking Regulatory Commission (CBRC)Applicability: "Offshore financial…
Issued: November 18 2003Main contents: The Notice states that the People's Bank of China will provide clearing arrangements for Hong Kong banks providing…
Promulgated: November 12 2003Effective: as of date of promulgationInterpreting authority: China Banking Regulatory CommissionMain contents: The Implementing…
Issued: November 17 2003Main contents: The Official Reply states that real property administrative authorities can revoke wrong cancellations of mortgage…