Banking and Finance Laws

The Provisions allow multinational corporations to centrally manage the foreign exchange funds of their member enterprises.

SAFE has replaced outdated rules regarding offshore special purpose vehicles with a new Circular that expands funding sources, eases registration burdens and covers equity incentive plans. But the benefit to cross-border transactions depends on implementation, say Haiwen & Partners lawyers

A new cash-pooling system allows multinational corporations to centralise their foreign exchange funds and eases flow between their onshore and offshore accounts. But quantitative control remains and the full potential of the system is yet to be realised

The growing use of acquisition finance by the private equity industry has led to increasingly complex structures. But regulations make it difficult to provide lenders security and move onshore funds offshore

China launches senior housing reverse mortgage endowment insurance in four major cities.

PBOC lowers thresholds for banks to engage in forex business.

Local governments allowed to issue their own bonds.

CBRC strengthens prudential management of banks' factoring business.

CBRC relaxes restrictions on the loan-to-deposit ratios of commercial banks