Banking and Finance Laws

Issued: September 10 2002Main contents: The Circular states that projects in which the foreign investor is guaranteed fixed returns are not in compliance…

Promulgated: November 28 2002Effective: December 1 2002Interpreting authority: State Administration of Foreign ExchangeMain contents: Part Two of the Provisions…

Zhonglun Law FirmIn July, the People's Bank of China (PBOC) allowed four of China's commercial banks (the Bank of Communications, China Merchants Bank,…

The new QFII regulations mark another step in opening the securities markets further to foreign participation. Many new laws have made it apparent that the CSRC is committed to the path of financial reform and development.

National LegislationBankingAdministration of Financial Statistics Provisions金融统计管理规定3600/02.11.01Communist PartyThe Communist Party of…

This piece of legislation marks a significant development of China's securities markets as it opens up the A share and domestic bond markets to foreign investment for the first time. It lays down the application and qualification standards of QFII.

A circular on the principles, procedures and rules regarding the transfer of state-owned shares and legal person shares in Listed companies to foreign investors issued by the CSRC, MOF and SETC.

Promulgated: September 9 2002Effective: October 1 2002Applicability: These Measures apply to all financial institutions in the PRC except for financial…

Llinks Law Office In an attempt to further streamline China's foreign exchange regime, the State Administration of Foreign Exchange (SAFE) in September…