By King & Wood Mallesons’ Banking Group On the 24th day of February 2012, China Banking Regulatory Commission (the "CBRC") issued the Green Credit Guidelines (the "Guidelines"), which require banking financial institutions ("Banks") to encourage energy saving, emission reduction and environment protection by managing environmental and social risk(1) of its client. The Guidelines apply to… Continue Reading
Tag Archives: banking
绿色信贷指引
Posted in Finance作者：金杜律师事务所银行组 2012年2月24日，中国银行业监督管理委员会（“银监会”）发布了《绿色信贷指引》（“《指引》”），要求银行业金融机构大力促进节能减排和环境保护，防范环境和社会风险（1）。《指引》适用于境内设立的政策性银行、商业银行、农村合作银行、农村信用社。村镇银行、贷款公司、农村资金互助社和非银行金融机构参照执行。《指引》对银行业金融机构在以下方面提出了一些具体的要求：
New Capital Requirements for Banks Postponed
Posted in FinanceBy King & Wood’s Finance Group The China Banking Regulatory Commission (the "CBRC") issued Guiding Opinions of the China Banking Regulatory Commission on the Implementation of the New Regulatory Standards by the Chinese Banking Industry (Yin Jian Fa [2011] No. 44) (the "Guiding Opinion") on April 27, 2011, which clearly creates new rules for liquidity… Continue Reading
商业银行资本监管新规暂缓实施
Posted in Finance作者：金杜律师事务所融资组 中国银行业监督委员会（“银监会”）于2011年4月27日发布了《中国银监会关于中国银行业实施新监管标准的指导意见》（银监发[2011]44号）（“《指导意见》”），明确将根据《第三版巴塞尔协议（Basel III）》确定银行资本和流动性监管新制度，在全面评估现行审慎监管制度有效性的基础上，提高资本充足率、杠杆率、流动性、贷款损失准备等监管标准，并提出上述四项新资本监管标准从2012年1月1日开始执行。
RMB FDI Goes to Fast Track
Posted in Finance, Foreign Investmentby King and Wood’s Finance Group Further to Circular No. 145, on 14 October 2011 PBOC released new rules on RMB FDI, the Measures on Administration of the RMB Settlement in relation to Foreign Direct Investment ("PBOC Rules") to roll out PBOC’s detailed management system. The PBOC Rules cover all the FDI aspects denominated in… Continue Reading
人民币外商直接投资进入快车道
Posted in Finance, Foreign Investment金杜律师事务所 融资组 继银发(2011)145号文之后, 2011年10月14日中国人民银行就人民币外商直接投资出台新规则《外商直接投资人民币结算业务管理办法》(“人行办法”), 规定了有关人民币结算的具体操作。 人行办法涉及到以人民币进行外商直接投资的方方面面, 包括资本注入、并购中国企业购买价款的支付、股息和利润分配的汇出以及人民币跨境贷款。 人行办法延续了外管局对外汇直接投资的监管思路, 但程序更为简便。 同一天, 商务部也出台通知(“商务部通知”)规定了跨境人民币直接投资交易的相关问题。 我们认为比较重要的方面包括:
CBRC New Rules on the Sales of Wealth Management Product by Commercial Banks
Posted in FinanceBy King & Wood’s Finance Group After seeking public comments in a wide range and holding several times discussions with bankers and lawyers, on 9th October 2011 CBRC promulgated the Rules on the Distribution of the Wealth Management Products of the Commercial Banks ("CBRC Rules"). The CBRC Rules maintains major content of the Interim Rules… Continue Reading
银监会出台新的商业银行理财产品销售规则
Posted in Finance金杜律师事务所 融资组 2011年10月9日，经过广泛征求意见和多次的讨论，中国银行业监督管理委员会颁布了《商业银行理财产品销售管理办法》(简称"销售管理办法")。销售管理办法在很多方面保留了银监会之前于2005年发布的《商业银行个人理财业务管理暂行办法》和《商业银行个人理财业务风险管理指引》的内容，同时，也在一些很重要的领域提出了新的要求。在目前的资金市场面临较大短缺和存款收益较低、投资渠道不足的情况下，商业银行的理财产品销售会是银行和客户都很关注的一项业务，因此，销售管理办法的出台需要引起商业银行的重视和仔细研究，需要银行作出具体的方案，调整业务的模式和程序，以避免发生合规和其他风险。
中国人民银行新规则助推人民币跨境业务
Posted in Finance金杜律师事务所融资组 自2009年7月跨境贸易人民币结算试点工作启动以来，相关业务的容量、复杂性及银行业务经历了飞速的发展。在2年的时间内，试点范围在20多个省(区、市)得以实施，中国人民银行计划在今年内将试点范围扩大至全国。为满足企业和银行对政策透明度的强烈需求，外汇管理局、商务部等监管当局已经颁布了一系列的规则和指引以促进人民币跨境业务。2011年6月8日，中国人民银行颁布了《中国人民银行关于明确跨境人民币业务相关问题的通知》(银发[2011]145号)(简称“通知”)。该《通知》从积极的角度阐明了与跨境人民币业务相关的若干重大问题。迄今为止，该《通知》被市场称为“实现人民币国际化的重大进步”。
PBOC New Rules to Boost RMB Cross-border Transactions
Posted in FinanceBy King & Wood’s Banking Group Since the launch of the pilot program of RMB settlement in cross-border trade transactions in July 2009, the volume and complexity of the said transactions and the ancillary banking businesses have been rapidly increasing. During the past two years, the pilot program was carried out in 20 provincial regions…. Continue Reading
Financing Mergers & Acquisitions in China Today
Posted in Finance, Mergers & AcquisitionsInterview of Roy Zhang of King & Wood’s Banking Department by Zhang Tianhui and He Ran of King & Wood’s Publications Group Financing is a critical consideration in M&A transactions. For a long period of time, financing large scale strategic M&As of listed companies in China has been a bottleneck. As such, it is important for… Continue Reading
SAFE Circular to Improve Forex Administration on Offshore Lending
Posted in Corporate, FinanceOn June 9, 2009, the State Administration for Foreign Exchange (“SAFE”) issued the Notice on Certain Issues Relating to Foreign Exchange Administration on Offshore Lending by Domestic Enterprises (the “Notice”) effective as of August 1, 2009, in an effort to deal with the difficulties faced by offshore Chinese-funded enterprises that have “gone abroad” in obtaining… Continue Reading
New York: Current Trends Lead to Overseas Expansion
Posted in Corporate, Finance, Foreign Investment, Mergers & AcquisitionsDuncan Hwang, Foreign Lawyer, King & Wood’s FDI Practice class="MsoNormal" style="margin: 0cm 0cm 0pt">After the Qualified Domestic Institutional Investor scheme (QDII) was implemented in April of 2006 to help relieve pressure on the RMB by promoting capital outflows and Chinese companies in various industries in the private sector were encouraged to go abroad, China’s outbound investment… Continue Reading