Banking and Finance Laws

New rules on market making of newly issued critical-term bonds.

Safe reduces short-term foreign debt quotas again.

Four new measures to prevent inflow of hot money.

Criteria should be met for selecting bancassurance cooperation counterparties.

The Guidelines detail the operating rules for bancassurance business concerning the insurance products, agency fees, sales model, sales, financial accounting, contingency mechanism and intra-industry exchanges.

New regulations from banking and insurance authorities aim to better monitor the burgeoning bancassurance market. Foreign insurance companies can expect a long-term and robust relationship with regulators if they cooperate, and are advised to develop suitable products for Chinese customers and lend their experience to the market

Banks may not rely solely on external credit rating for granting credit.

Insurance institutions not allowed to provide external security.

Investment channels widened for private capital