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In mid-August, it was reported in the press that the National Development and Reform Commission (NDRC) had received complaints that the commercial banks in China have engaged in price-fixing conduct. Pursuant to the Anti-Monopoly Law, conduct amounting to price-fixing is prohibited.

Four new rules for liquidity and capital held by banks in accordance with Basel Accord will be implemented in 2012. .

Please join Fangda Partner where we will discuss the key legal issues relating to the opening-up of China's financial sector, especially those in the investment management and Fintech industries.

It's been slightly over a month since the enactment of a national security review (NSR) process for foreign acquisitions of domestic businesses. Thus far, it is not clear how many (if any at all) foreign-local deals have undergone the NSR process, Pursuant to the rules and regulations which govern the NSR process, there is no obligation on the part of the Chinese government to publish any determinations (whether deals are approved or not) in relation to deals which undergo the NSR process.

Since China opened its doors to foreign investment 35 years ago, it has always asked investors to see the color of their money.

China's new Anti-Monopoly Law (AML) took effect on August 1, 2008. Two days later, China's State Council introduced final implementation regulations setting forth notification thresholds under the AML's merger control regime

As a source of steady income, trust companies had been taking loans off the books of banks and repackaging them up as trust products. China Banking Regulatory Commission ("CBRC") became alarmed when the volumes grew too big and in early July, CBRC abruptly closed down the entire business by ordering trusts to halt all cooperation with banks.

China implemented the Administrative Measures on Beneficial Owner Information.

Alternatively, entities and individual investors that meet certain additional qualification requirements upon approval by the exchange may trade directly on the exchange.

According to the General Administration of Customs, China’s trade surplus in May 2006 reached $13 billion. It has been a continuous increase for a period of 25 months. The trade surplus has contributed to the rapid growth of China’s foreign exchange reserve that is now more than $900 billion, the largest in the world.

On May 28, 2010, the People's Bank of China ("PBOC") and the China Banking Regulatory Commission ("CBRC") jointly issued a circular, titled Opinions on Providing Financial Services to Further Support Energy Saving and Emission Reduction and Closing-down of Backward Production Capacities (the "Circular").

As part of an ongoing effort to curtail domestic corruption, the Chinese government continues to tighten regulations governing the commercial prepaid card market.

Earlier this year, Chinese Central Bank Gov. Zhou Xiaochuan created a stir by suggesting that there needed to be an alternative to the U.S. dollar as the world's reserve currency and that the International Monetary Fund special drawing rights be considered for this role.

On 2006 January 1, the Judicial Interpretation of China Supreme People’s Court for Resolving Disputes Concerning Letters of Credit (Judicial Interpretation) entered into force.

The China Banking Regulatory Commission (CBRC) has issued a notice to strengthen its regulation on wealth management products issued by banks in China.

Among some of the changes, the MOFCOM Decision removed inconsistency between the relevant rules applicable to FIEs and those that apply to corporations in China in general.

Banks are required to encourage environment protection by managing the environmental and social risks of clients.

Raising funds from overseas in China can be tricky.