IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 10 Mar 2017 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On the 10th of March 2017, the China Regulatory and Banking Commission announced a policy which removed the licensing requirement for firms undertaking the following types of business:

  • Treasury bond underwriting;
  • Custody business;
  • Financial advisory/consulting.

Firms must still report such activities to the relevant authorities within five days of launching the business in question.

The policy came into effect on the date of its promulgation.

AFFECTED COUNTRIES

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