Banking and Finance Laws

Issued: March 31 2013Main contents: The Draft makes no definite decision on whether to accept real property as a leased object. One suggestion is to allow…

Beijing is the first city to raise the down payment rate for housing.

Negative personal credit information may be kept only for five years after the end of the negative event.

SAFE raises the short-term foreign debt quotas of banks.

SAFE streamlines forex procedures for overseas listing.

Issued: January 22 2013Main contents: The CIRC has proposed to revise Article 5 to allow insurance group (holding) companies to offer subordinated debt…

A decision by the Supreme People's Court on the value adjustment mechanism has left investors worried, but if their intentions reflect the spirit of the mechanism the courts will still uphold their investments

The total funds (investment principal and returns) that a QFII may outwardly remit each month may not exceed 20% of its total domestic assets as at the end of the previous year.

Requirements on issuance of subordinated obligations lowered to decrease the cost of financing for securities companies.