Banking and Finance Laws

Approval requirement of repatriation of offshore listing proceeds lifted.

CBRC aligns the leverage ratio of commercial banks with Basel III standards.

Shanghai FTZ relaxes offshore financing.

Issued: January 16 2015Main contents: The Measures specify that entrusted loans may not be used for:(1) investment in bonds, futures, financial derivatives,…

Published: January 2015Main contents: The Draft requires that the remote opening of accounts be based on the real name system. Within the scope of remote…

The criteria for setting up branches are lowered for foreign banks.

Issued: January 19 2014 Main contents: Pursuant to the Draft, an enterprise in China controlled by a foreign investor is treated as a foreign investor,…

Non-bank financial institutions allowed in the interbank forex market.

Issued: November 30 2014Main contents: Deposit-taking banking financial institutions, such as commercial banks, rural cooperative banks and rural credit…