Welcome to the August issue of White & Case‘s China Finance Bulletin. This bulletin is a regular update on the PRC finance sector ensuring you stay up to date with the latest legal, regulatory and practice developments.
In This Issue:
- Guidelines for Domestic Non-financial Institutions Issuing RMB Bonds in Hong Kong
- SAFE Circular on Issues Concerning Foreign Exchange Controls in Encouraging and Guiding the Healthy Development of Private Investment
- Excerpt from Guidelines for Domestic Non-financial Institutions Issuing
RMB Bonds in Hong Kong:
On June 8 2012, The National Development and Reform Commission (“NDRC”) issued the Circular regarding Domestic Non-financial Institutions Issuing RMB Bonds in Hong Kong (Fa Gai Wai Zi 1162) (?????????????????????????? ????????????,????1162?) (the “Circular”), which is a follow-up regulation of the Interim Measures for the Administration of the Issuance of RMB Bonds in Hong Kong Special Administrative Region by Domestic Financial Institutions (issued by the People‘s Bank of China on June 8, 2007).
The Circular streamlined the rules for corporate RMB bond issuance in Hong Kong, and includes requirements that prospective issuers need to meet to qualify as an RMB bond issuer, information required in the application and procedures for issuance. Prior to the issuance of this Circular, approvals for the issuance of offshore RMB bonds by Chinese domestic enterprises were given by NDRC on a case-by-case basis....
Please see full bulletin below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.