Banking and Finance Laws

The head of the legal department at one of Asia's top property developers discusses the state of China's real estate sector and its likely future. Steady and environmentally sustainable growth is expected in the long term despite recent black swan events.

PBOC lowers first-home buyer interest rates by 0.2%; Shenzhen establishes China's first ABS credit protection certificate; CSRC promulates prescriptive rules on public fund managers

Business cooperation in old-age financial business between banking and insurance institutions is supported

Lawyers say a new regulation of markets in crypto assets will attract more crypto service providers to the 27-member bloc, as well as generate a wave of regulatory advisory work for law firms.

Beijing approves Baidu, Pony.ai to operate robotaxis without supervisor in driver's seat; U.S government blacklists China again over lax IP protection and enforcement; BlackRock launches private pension product, first foreign asset manager to do so

US companies concerned about tightening cybersecurity rules amid enforcement uncertainty; China to rollout first ever nationwide private pension system; Futures Law adopted as derivatives market set to expand

Industry associations ban NFT use for issuing financial assets; Shanghai government paves way for potential resumption of production activity under closed-loop management; and livestreaming video games banned for certain platforms

Draft law to boost protection against systemic risks; SPC amends rules on summary procedures, service of litigation documents, small claims, and judicial confirmation; Policymakers aim to knock down localism and unify market standards

Kainan Zhang and Junting Lei of Haiwen & Partners highlight the main PRC foreign exchange regulatory requirements of different types of cross-border investment and trade by domestic and foreign individuals and institutions under capital and current accounts.