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Opening up China’s banking industry: another step forward

Banking Newsletter

Opening up China’s banking industry: another step forward

The bright future of foreign invested banks might be fast approaching.

15 December 2017
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An Analysis of China's Common Reporting Standards

In response to the upcoming individual income tax reform, we have summarized the key points of the CRS Regulations.

24 May 2017
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Measures for CRS Due Diligence of Non-Resident Financial Accounts Finally Released

China releases CRS implementing rules for non-resident financial accounts

22 May 2017
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Foreign Invested Banks: Opportunity or Challenge?

On March 10, 2017, the General Office of the China Banking Regulatory Commission ("CBRC") promulgated the Circular on Carrying on Certain Businesses by Foreign Invested Banks (Yin Jian...

21 March 2017
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Financial institutions: How far are you from the Cyber Security Law?

With the introduction of the Cyber Security Law, what obligations and responsibilities should the financial institutions particularly watch out for?

14 November 2016
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PRC issued consultation paper for CRS/FATCA implementation rules

The Consultation Paper issued by SAT on 14 October 2016 is essentially the operating rules for the implementation of CRS within PRC mainland territory.

18 October 2016
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Qualified foreign institutional investors investing in China’s Inter-bank Bond Market are no longer subject to approval and quota restrictions

This regulatory update reviews efforts made to open up the Inter-bank Bond Market to foreign investors, as well as the latest development.

25 February 2016
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PRC regulator’s new attempt to put payment institutions on a levelling playfield with banks

People's Bank of China promulgated the Administrative Measures for Internet Payment Services of Non-banking Payment Institutions on December 28, 2015.

12 January 2016
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PBOC promulgating new rules on individual RMB bank accounts – a new era for direct banking in China?

In this regulatory alert, we will take a preliminary look at some of the key features and implications of the New Individual Bank Account Circular.

12 January 2016
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A New Option for the Enforcement of Pledged A-Shares/Bonds

The CSRC Guideline allows relevant securities to be sold on open market without releasing pledge registration of corresponding securities

28 September 2014
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Ministry of Commerce Promulgates New Regulation Measures for the Administration of Overseas Investment

The Measures on the Administration of Overseas Investment clearly set out the specific time and procedures for such verification and filing

16 September 2014
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FATCA-Related IGA between PRC and US has been reached in substance

PRC and US are to execute a Model 1 IGA in relation to the implementation of the Foreign Account Tax Compliance Act in the PRC.

27 June 2014
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