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Results: 1-10 of 21

PBOC formulates further policy initiatives to promote RMB as an international currency
  • White & Case LLP
  • China
  • February 26 2014

On 2 December 2013, the People's Bank of China ("PBOC") issued its Opinions on Financially Supporting the Development of the China (Shanghai) Pilot


SAFE cross-border security rules finally released
  • White & Case LLP
  • China
  • May 21 2014

The State Administration of Foreign Exchange of the PRC ("SAFE") formally released on 19 May 2014 the Foreign Exchange Administration Rules on


Safe circular on issues concerning foreign exchange controls in encouraging and guiding the healthy development of private investment
  • White & Case LLP
  • China
  • August 1 2012

On June 11, 2012, the State Administration of Foreign Exchange (“SAFE”) issued the Circular on Issues Concerning Foreign Exchange Controls in Encouraging and Guiding the Healthy Development of Private Investment (Hui Fa 2012 No. 33) (the “Circular”), which involves critical changes in foreign exchange controls for outbound investment


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"


Tightened standards in banks’ foreign exchange settlement and sales
  • White & Case LLP
  • China
  • July 18 2011

On June 16, 2011, the State Administration of Foreign Exchange of the People’s Republic of China (“SAFE”) issued the Circular on Improving the Administration of Banks' Own Foreign Exchange Settlement and Sales (“2011 Circular”


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