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2021
Feb.22
《ramework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific》(E/ESCAP/RES/72/4)
2021
Jan.9
Order of the Ministry of Commerce of the People’s Republic of China(2021 No. 1)
Order of the Ministry of Commerce of the People’s Republic of China 2021 No. 1 The Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures, approved by the State Council, are hereby promulgated and shall be effective as of the date of the promulg…
2020
Dec.2
Regulations of Shanghai Municipality on Encouraging the Establishment and Development of Foreign-funded Research and Development Centers
Article I (Objective and Legal Basis) For the purpose of further opening up Shanghai, enhancing Shanghai’s function of global resources allocation, strengthening its advantage as a scientific and technological innovation source, and encouraging foreign investors to set up research and development…
2020
Nov.25
Several Opinions of Shanghai Courts on Services and Guarantees for Further Opening-up of Financial Sector
Aiming to fully implement the spirit of General Secretary Xi Jinping’s important instructions on expanding the opening up of the financial sector and the Central Committee's decisions on further opening the gate of the financial sector to the outside world, and to establish a sound legal environm…
2019
Nov.3
Guidelines on the Negative List of Financial Service Industry Opening-up of China (Shanghai) Pilot Free Trade Zone (2017 Edition)
The Guidelines include the management of the establishment of financial institutions by foreign investment (market access restrictions) and the management of business after foreign investment access (national treatment restrictions), covering categories, industries, special management measures, ef…
2019
Nov.4
Allow financial leasing companies to collect rent in foreign currencies.
When a financial leasing company conducts financial leasing business, if more than 50% of the capital used to purchase the leased items comes from its own domestic foreign exchange loan or foreign currency debt, it may collect rent in a foreign currency in China, and the foreign currency rental in…
2019
Nov.3
Opinions on Improving the Level of Financial and Credit Services and Optimizing the Business Environment
Relax restrictions of banking industry on access to foreign financial institutions and improve the credit service capabilities of foreign-funded financial institutions. Support countries (regions) along the “the Belt and Road Initiative” route to set up financial institutions in Shanghai, improv…
2019
Nov.4
Foreign banks are allowed to establish wholly foreign-owned banks and foreign bank branches simultaneously or establish Sino-foreign joint venture banks and foreign bank branches simultaneously in the People’s Republic of China.
A foreign bank branch is allowed to absorb fixed-term deposits of no less than RMB 500,000 per trade from Chinese residents.
2019
Nov.4
Foreign insurance group companies are allowed to establish foreign-invested insurance companies in China
Specific management measures will be formulated by the insurance regulatory body under the State Council in accordance with the principles set out in the Regulations of the People’s Republic of China on the Administration of Foreign-Funded Insurance Companies and the Regulations of the People’s …
2019
Nov.3
Notice on Supporting Tax Policies for Opening up Futures Markets for Crude Oil and Other Goods (CS [2018] No.21)
For foreign institutional investors (including foreign economic institutions) who do not have an institution or place in China or whose income has no actual connection with the institution or place they have set up, and whose income comes from crude oil futures trading in China (excluding the inco…
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