Banking and Finance Laws

Criteria for foreign banks to enter the interbank forex market clarified.

China further relaxes housing purchase restrictions in non-top-tier cities.

CSRC requires information disclosure from bond issuers.

Duplicate disclosure on bond issuance avoided in annual reports of listed companies.

Statutory deposit reserve rate applies to offshore Rmb business.

China further opens the forex market.

PBOC strengthens administration of bank accounts.

The country's national security, cybersecurity, anti-terrorism and financial IT rules can significantly impact foreign companies' operations, data privacy and cross-border information transfers. MNCs need to work together to prevent these costly and potentially risky changes

PBOC allows foreign central banks to access the Chinese interbank foreign exchange market