The China Securities Regulatory Commission plans to establish new laws and regulations, as well as revise existing laws, governing the creation of OTC markets, mutual funds, futures transactions, the oversight of listed companies, and a judiciary system. This process of establishing a legal...

On 17 September 2012, China's State Council announced its 12th Five-Year Plan for the Development and Reform of the Financial Industry, covering the period from 2011 to 2015. The Plan includes two numerical targets for China's financial sector to achieve by 2015, and posits the opening up of the...

The Communist Party reaffirmed plans to expedite China's transition to a new growth model at its 18th National Congress in November 2012. To this end, China has already started making moves to further develop the financial industry and the entire services sector, including announcing in February...

December 2012 saw the start of an experiment in cross-border renminbi lending in Qianhai, part of the Shenzhen Special Economic Zone adjacent to Hong Kong. The Chinese authorities hope that the experiment, carried out on behalf of the country's financial services industry as a whole, will lead...