Banking and Finance Laws

Lower limit of overall forex conversion and sale position of banks revised to below zero.

Preferential policies for cross-strait investment are benefiting Taiwanese entrepreneurs. While some are still concerned about risks such as exit restrictions and the dispute resolution mechanism, foreign financial institutions are already benefiting from the growing business.

Pre-tax allocation of lease financing receivables allowed for financial enterprises.

The National Development and Reform Commission released a new policy this month stopping foreigners from obtaining medium- or long-term mortgages. This is the latest move by the government to cool China's property market.

The first rural joint venture bank has opened in Ningbo – a sign of the increasing modernisation in China's regions

Pre-tax allocation of loan loss reserves for lease financing receivables allowed for financial enterprises.

The first rural joint venture bank has opened in Ningbo – a sign of the increasing modernisation in China's regions

The Catalogue has been revised since the 2007 revision. Venture investment enterprises and intellectual property services are added to the encouraged category while the manufacture of assembled automobiles is removed from the category.

Transport and logistics sectors benefit from the new VAT reform.