Legal & Regulatory

CBRC to Restrict Chinese Interbank Bond Holdings

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Aug. 4 – The China Banking Regulatory Commission is set to tighten banks capital rules by excluding subordinated bonds sold to other banks from their capital base. The regulator has sounded out banks concerning the plan, according to the South China Morning Post, who quoted a spokesman as saying “the CBRC wants to restrict bank’s […]

China Industry: Jul. 29

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Jul. 29 – This is a regular series of relevant industry news from around China. Solar power Canadian Solar said it had received ISO/IEC17025 accreditation for its photovoltaic (PV) reliability testing center in Changshu, China. The center gained the accreditation from China National Accreditation Service for Conformity Assessment, which is solely responsible for the accreditation […]

Shenzhen Government Lowers Average Salary Benchmark

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SHENZHEN, Jul. 23 – The Labor and Social Security Bureau has lowered the average pay scale in the city for the first time since 1999 in a salary reference document for employers released last Monday. According to Shenzhen Daily, the average salary in the city decreased by 3.8 percent to RMB2,750 per month compared to […]

Beijing Orders Banks To Increase Bad Debt Reserves

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Jul. 22 – The chairman of  China’s Banking Regulatory Commission (CBRC), Liu Mingkang, has told all mainland-based banks, and some overseas banks such as HSBC and Citigroup to increase their bad-debt loan reserves by 150 percent by the end of this year. That means that banks are now being required to be set aside an […]

China Briefing Books Now Downloadable in PDF

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Jul. 20 – The complete series of China Briefing’s popular legal, tax and regional guides are now available for purchase via PDF downloads here. Published since 2003 and regularly updated, available titles include guides to the legal procedures and investment implications of establishing Representative Offices, Wholly Foreign Owned Enterprises, Joint Ventures, Mergers & Acquisitions, Intellectual […]

Shenzhen Releases New Recognition Measures for High-Tech Enterprises

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SHENZHEN, Jul. 10 – The Shenzhen government released the Administrative Measures of Shenzhen for the Recognition of High and New Technology Enterprises earlier this month, laying out two sets of rules regarding the recognition of high-tech enterprises in the city. The measures listed the industries which qualify for high and new technology enterprise status, including […]

First Cross-Border Yuan Trade Settlement Deal Made

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Jul. 6 – The first cross-border yuan trade settlement deal came through today from the Bank of China (BOC), Hong Kong to Bank of China, Shanghai reports Xinhua. The deal is part of a pilot program announced by Beijing last April to ease  cross-border trade deals for Chinese importers and exporters in southern Guangzhou, Shenzhen, […]

WTO Complaints Filed Against Chinese Export Restrictions

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Jun. 24 – Two complaints were filed with the World Trade Organization (WTO)  regarding China’s export restrictions on raw materials, alleging that it gave an unfair advantage to local companies and violated international trade rules. The European Union and the United States submitted separate complaints on the same issue. Ironically, trade complaints against China usually […]

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