Derivatives legislation opens door for foreign firms

China issues new financial regulations governing financial institutions derivatives activities.

Introduction

On 4 February, the China Banking Regulatory Commission the CBRC promulgated the Provisional Measures for the Administration of Derivatives Activities of Financial Institutions the Derivatives Measures. The Derivatives Measures took effect from 1 March 2004. The Derivatives Measures are the first regulations specifically enabling financial institutions to engage in derivatives transactions in The People's Republic of China the PRC. In promulgating the Derivatives Measures, the CBRC aims to provide financial institutions with a...

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