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Results: 1-10 of 14

China launches pilot projects to finance companies with intellectual property rights
  • Freshfields Bruckhaus Deringer LLP
  • China
  • February 17 2010

In November 2009 the State Intellectual Property Office launched a national pilot project to allow six Chinese lenders, including the Industrial and Commercial Bank of China and China Construction Bank to accept intellectual property rights as collateral for loans advanced to 18 eligible enterprises in Guangzhou


Taiwanese financial institutions gain access to China's financial markets
  • Freshfields Bruckhaus Deringer LLP
  • China, Taiwan
  • February 17 2010

On 16 November 2009 Taiwan and China signed three memoranda of understanding to enhance the development and cooperation between their financial industries


China expands scope of Renminbi banking services and cross-border trade settlement businesses in Macau
  • Freshfields Bruckhaus Deringer LLP
  • China, Macau
  • February 17 2010

On 14 December 2009 The People's Bank of China expanded the scope for banks to conduct personal Renminbi banking services and cross-border Renminbi trade settlement businesses in Macau


China approves three banks to set up consumer finance companies
  • Freshfields Bruckhaus Deringer LLP
  • China
  • February 17 2010

Following the issue in July 2009 of provisional rules on the establishment of consumer financing firms, the China Banking Regulatory Commission recently granted approval to Bank of Beijing, Bank of China and Bank of Chengdu to establish consumer finance companies in Beijing, Shanghai and Chengdu, respectively


China's Supreme People's Court gets tough on credit card crime
  • Freshfields Bruckhaus Deringer LLP
  • China
  • February 17 2010

The Supreme People's Court and the Supreme People's Procuratorate announced a judicial interpretation that clarifies several Criminal Law articles concerning credit card fraud


Bank employee banned for operating secret bank account
  • Freshfields Bruckhaus Deringer LLP
  • China
  • November 11 2009

The Securities and Futures Commission (SFC) has recently banned a bank employee from re-entering the industry for 10 months for operating a secret account under the name of his mother-in-law and approving credit facilities of such account without disclosing his relationship with the account holder and his beneficial interest in the account to his employer


CBRC tightens regulation of sub-debt financing
  • Freshfields Bruckhaus Deringer LLP
  • China
  • November 11 2009

On 18 October 2009, the China Banking Regulatory Commission (CBRC) issued a circular concerning the improvement of capital replenishment mechanisms of commercial banks


China to broaden cross-strait currency conversion with Taiwan
  • Freshfields Bruckhaus Deringer LLP
  • China, Taiwan
  • August 6 2009

On 18 May 2009, the PRC Government announced its intention to set up a bilateral currency settlement mechanism with Taiwan and has nominated the south eastern coastal province of Fujian to pilot the cross-strait currency conversion


China pilots renminbi cross-border trade settlement
  • Freshfields Bruckhaus Deringer LLP
  • China
  • August 6 2009

In an attempt to strengthen China’s economic, trade and investment exchange with foreign countries, the PRC Government announced on 4 May 2009 the launch of a RMB cross-border trade settlement pilot programme in Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan in Guangdong Province in South China


Multi-currency cross-border payment arrangements between the mainland and hong kong
  • Freshfields Bruckhaus Deringer LLP
  • China, Hong Kong
  • April 7 2009

On 12 March 2009, the PBOC and the HKMA announced the multi-currency cross-border payment arrangements between the mainland and Hong Kong