China, PBOC | JD Supra

China Monthly Data Protection Update: May 2025

Dacheng on 5/29/2025

This monthly report outlines key developments in China’s data protection sector for May. The following events merit special attention...more

China’s Ban on Crypto-Related Transactions Should Remind Employers That Volatility is a Feature, Not a Bug

Fisher Phillips on 9/30/2021

The People’s Bank of China (PBOC) released a September 24 statement declaring that all cryptocurrency-related transactions will be deemed illegal and that foreign exchanges are banned from providing services to residents in...more

Third party payment licences in China – are they within the grasp of foreign investors?

Hogan Lovells on 8/27/2019

China is marching on to be the world's pioneering cashless society but unfortunately there is an almost complete absence of foreign counterparts in the huge Chinese domestic or cross border transactions initiated from China. ...more

New PBOC Circular potentially raises the overseas borrowing ceiling for borrowers in China: but is it a game changer?

Hogan Lovells on 3/23/2017

On 11 January 2017, the People's Bank of China ("PBOC"), China's central bank, issued the People's Bank of China Circular on Matters relating to the Full Bore Macroprudential Administration of Cross-Border Financings ("New...more

China's new restrictions on outbound investments and remittance

A&O Shearman on 1/3/2017

In 2016, the value of RMB depreciated over 6% against the US dollar and China’s foreign exchange reserves dropped sharply. Such depreciation of RMB and the continuous capital outflow at extraordinary levels have caused the...more

China Releases Draft of Deposit Insurance Scheme for Public Comments

Morgan Lewis on 1/7/2015

An explicit and limited-coverage deposit insurance system is ready to replace the historical implicit and blanket governmental guarantee for failed financial institutions. On November 30, 2014, the Legislative Affairs...more

PBOC Pledges Financial Support for China (Shanghai) Pilot Free Trade Zone

Sheppard Mullin Richter & Hampton LLP on 1/2/2014

On December 2, 2013, the People’s Bank of China (“PBOC”) has issued the Opinions on the Financial Support for the Building of the China (Shanghai) Pilot Free Trade Zone....more

Bitcoin - Could Beijing Make or Break It? - Part Three

Dorsey & Whitney LLP on 12/13/2013

The nature and prospects of “virtual currencies”, and bitcoin in particular, have been keenly debated. These issues again attracted attention when Chinese government authorities issued a notice on bitcoin, defining its status...more

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