Banking and Finance Laws

The Zone selects the financial services, shipping services, trade services, professional services, cultural services and social services sectors for increased liberalisation.

CSRC requires self-verification reports when approving re-financing applications from property enterprises.

The first consumer protection guidelines for the banking sector issued.

Cross-border renminbi transactions made easier.

Issued: August 9 2013 Main contents: The Draft relaxes the requirements for the establishment of banks with private capital. It lifts the 8% minimum…

Bank-securities company cooperation may not engage in fund pool business.

Forex control relaxed for QDII securities investments.

Private capital encouraged in establishment of banks.

SAFE streamlines forex control procedures for special customs zones.