China (Shanghai) Pilot Free Trade Zone: Support from Regulators of Financial Industry (unofficial English translation)
Business Regulation and Tax Newsflash
Issue 8 - 25 October 2013
The opening-up of financial sector has been one of the key objectives of the China (Shanghai) Pilot Free Trade Zone (Pilot FTZ). Upon the launch of the pilot, the three Chinese government financial services industry regulators -- the China Banking Regulatory Commission (CBRC), the China Insurance Regulatory Commission (CIRC) and the China Securities Regulatory Commission (CSRC)) -- , respectively released circulars in support of the development of financial services industry in the Pilot FTZ.
According to the circulars, the items tabled below are to be promoted or piloted in the Pilot FTZ; details concerning implementation are still awaited. The Deloitte unofficial English translations of the circulars are also attached.
Deloitte unofficial English translations of other significant regulations are provided via the dedicated portal page.