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Results: 11-19 of 19

Crucial new regulation on cross-border RMB settlement foreign direct investment in RMB officially on trial

  • White & Case LLP
  • -
  • China
  • -
  • July 18 2011

On June 3, 2011, the People’s Bank of China (“PBOC”) promulgated a Circular on Clarifying Certain Issues Relating to Cross-Border RMB Services (“Circular”

The NAFMII issued rules for the non-public directional issuance of debt financing instruments by non-financial enterprises in the inter-bank bond market

  • White & Case LLP
  • -
  • China
  • -
  • June 14 2011

On April 29, 2011, the National Association of Financial Market Institutional Investors (“NAFMII”) issued the Rules for the Non-Public Directional Issuance of DebtFinancing Instruments by Non-Financial Enterprises in the Inter-Bank Bond Market (the “Rules”), which came into effect on the issuance date

The People’s Bank of China issued an announcement regulating activities on the national interbank bond market

  • White & Case LLP
  • -
  • China
  • -
  • June 14 2011

On April 9, 2011, the People’s Bank of China issued the Announcement of the People’s Bank of China 2011 No. 3 regulating bond transaction activities on the national interbank bond market, which took effect on the same day

“Journey home” programs: investment with offshore RMB in mainland China and domestic borrowing of offshore RMB

  • White & Case LLP
  • -
  • China
  • -
  • April 15 2011

Following the development of offshore RMB trade settlement and dynamic growth of RMB bond issuance and lending in Hong Kong, China has recently taken an important further step to internationalize the RMB by launching pilot programs to allow offshore RMB to be invested back in Mainland China

SAFE delegates approval rights to lower branches in effort to streamline approval process for capital account foreign exchange transactions

  • White & Case LLP
  • -
  • China
  • -
  • July 9 2010

On June 29, 2010, the State Administration of Foreign Exchange (“SAFE”) issued the Notice Regarding Adjustment of Authority to Approve Certain Capital Account Foreign Exchange Transactions (国家外汇管理局关于调整部分资本项目外汇业务审批权限的通知) (the “SAFE Notice 29”), which came into effect on July 1, 2010

New measures introduced for financial guarantee companies

  • White & Case LLP
  • -
  • China
  • -
  • May 5 2010

On March 8, 2010, the China Banking Regulatory Commission, together with several other regulatory bodies, jointly issued the Tentative Measures for the Administration for Financial Guarantee Companies (the "Tentative Measures") to regulate financial guarantee companies

China’s Cabinet announces new rules to curb speculation in residential property market

  • White & Case LLP
  • -
  • China
  • -
  • May 5 2010

On April 17, 2010, State Council issued a Circular on Resolutely Curbing the Housing Prices in Some Cities from Rising Too Fast (Guo Fa 2010 No. 10) (the “Circular”) in yet another effort to curb the rising prices of residential properties in China

Foreign Exchange Bureau revamps verification procedures for import payments

  • White & Case LLP
  • -
  • China
  • -
  • May 5 2010

On April 2, 2010, the State Administration of Foreign Exchange ("SAFE") issued a circular announcing new rules for a pilot project designed to revamp the verification procedures for import payments (the "Circular"

Guidelines on computation of financial merger reporting thresholds released

  • White & Case LLP
  • -
  • China
  • -
  • August 4 2009

As one of the world’s fastest growing economies, China has been a favorite destination for foreign investment since it opened its doors to foreign investors almost three decades ago