Banking and Finance Laws

Further relaxing overseas investment of insurance capital.

Individual Chinese citizens allowed to invest in the Hong Kong stock market.

Policy encouraging foreign exchange from exports removed.

Private equity experts say that despite several high-profile deals falling through, the market for such deals in China remains attractive. In a report…

Overseas securities investment available for fund management companies and securities companies.

By Hubert Tse and Sandra [email protected]; [email protected] Chinese stock market continues to outperform all the equity markets around…

PBOC launches swaps between renminbi and foreign currencies.

Individual income tax on savings interest significantly reduced.

This law regulates investments in overseas securities by qualified domestic institutional investors and to protect the interests of investors. Parts Two and Three set out the requirements for being a qualified domestic institutional investor (QDII), and an oversea investment consultant. Part Four deals with the custody of assets, power and duties of a custodian, and the appointment of an overseas asset custodian. Part Five is concerned with the duties and transparency of the QDII. Part Six sets out the limit of fund management.