China's regulators are working to further relax restrictions on cross-border investment and create new channels for domestic and foreign investors alike.
Trading venues will have to develop an investor suitability management system, and securities firms will have to conduct client suitability assessments.
The plan, backed by five government agencies, includes the introduction of a carbon market and two-way cross-border participation in green finance and climate-friendly investment.
The draft law expands the PBOC's role in preventing financial risks, assigns it responsibilities to society, and provides a legal basis for its CBDC, among other changes.
The guidelines impose obligations on developers and intermediaries to strengthen AML supervision and management in real estate transactions.
The new rules are aimed at providing certainty and appeal for overseas market participants to participate in the DCE's RBD palm olein futures market.
The guidelines take immediate effect and are require microfinance institutions to report any transaction worth more than CNY 50,000 within 5 working days.
The move, estimated to release quotas by $2-3bn per quarter, is being called one of the biggest relaxations in capital controls in recent years.
The new copper futures contract will be traded on Shanghai's International Energy Exchange, and accessible to foreign investors looking to hedge their exposures in China.
HKEX and SZSE have also signed an MOU to promote the ETF Cross-listing Scheme and facilitate more connections between the two markets.
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