Legislation

Foreign exchange control on customs supervised zones unified.

China promotes syndicated loans.

CBRC stops security provision for corporate bonds.

The Provisions aim to standardize and enforce stricter regulation on food labelling, and to prevent quality fraud.

The Measures unify foreign exchange procedures for payment of goods or services in bonded zones, export processing zones, bonded logistics parks, bonded port zones, comprehensive bonded zones, cross-border industrial parks and other such specific zones over which customs affects closed regulations.

The Guidelines targets four major improvements on the financial structure of the banking industry: financial services, loan models, risk management, and inter-bank cooperation.

These Guidelines aim to help insurance companies cope with compliance risks through specialized corporate governance stipulations.

Guangzhou sets wage increase baseline at 9%.

Urban real property law revised to keep in line with the PRC Property Law.