Banks are asked to increase lending, delay loan repayments, defer overdue loan reclassification, and support infrastructure projects and property developers.
April 20, 2022The law will support the establishment of a guarantee fund for financial stability, while also strengthening accountability for regulatory violations and improving protections for market entities.
April 11, 2022SAFE proposes to increase the dollar threshold over which Chinese residents have to make declarations of their foreign receipts and payments.
April 1, 2022The existing 5 percent trading band around a daily midpoint set by the PBOC is making it difficult to price the exchange rate amid heightened ruble volatility.
March 11, 2022The new rules expand the ability of Chinese banks to lend RMB overseas and cooperate with overseas banks in their loan businesses.
February 2, 2022New rules effective from 1 March impose stricter requirements on beneficial owner identification and verification, including for non-bank financial firms.
January 27, 2022High-tech MSMEs will be granted a quota to borrow money from overseas, and pilot projects for QFLPs and QDLPs will be carried out.
January 11, 2022A new notice encouraging banks to support the development of new models of international trade comes just as RCEP took effect on 1 January 2022.
January 5, 2022The rules do not impose restrictions on funds retained in China or transferred overseas, though they encourage the domestic use of RMB funds raised.
December 17, 2021The irregular mid-month disclosure suggests that policymakers are intent on containing the rapid appreciation of the yuan.
December 16, 2021