Financial services & fintech licensing
China removed the foreign-ownership caps on securities firms, fund managers, futures companies, and life insurers in 2020, putting foreign banks and insurers on broadly the same footing as domestic...
2026-08-28
China removed the foreign-ownership caps on securities firms, fund managers, futures companies, and life insurers in 2020, putting foreign banks and insurers on broadly the same footing as domestic...
2026-08-28
On 17 July 2026, SAFE announced at a SCIO briefing a package of policies to further facilitate cross-border investment and financing. 2026年7月17日，国家外汇管理局在国新办发布会上宣布一揽子进一步便利跨境投融资的政策。For FIEs, SAFE will simplify capital-project FX...
2026-08-28
A single outbound service payment above USD 50,000 (excluding exactly USD 50,000) requires a tax record-filing (对外支付税务备案) before the bank releases the FX; below the threshold no filing is...
2026-08-28
After the licence and bank account, the WFOE (through its bank) completes the FDI basic-information registration and opens a capital account in the WFOE's name — the bank, not...
2026-08-28
China has rolled out the RMB-FX integrated cash pool for multinational corporations nationwide as of March 2026. 自2026年3月起，中国已将跨国公司本外币一体化资金池试点推广至全国。The pool lets groups centrally manage onshore and offshore RMB and foreign-currency...
2026-08-28
Profit repatriation is a routine, lawful current-account transaction, freely permitted since 1996 current-account convertibility — not a capital-control event. 利润汇出是常规、合法的经常项目交易，自 1996 年经常项目可兑换以来自由允许，并非资本管制事件。The profit must be genuinely after-tax: pay...
2026-08-28
China's securities, public-fund and futures sectors are fully open to foreign capital, and in 2026 the regulator explicitly pledged to support new wholly-foreign-owned or joint-venture securities, fund and futures...
2026-08-28
China has abolished foreign equity-ratio caps in life insurance, insurance asset management and related sub-sectors, and applies pre-establishment national treatment plus a negative list to foreign-invested insurers. 中国已取消人身险、保险资管等子行业的外资持股比例限制，并对在华外资保险机构全面实施准入前国民待遇加负面清单管理。The...
2026-08-28
The Action Plan for the Development of Offshore Finance in the Shanghai International Financial Centre was signed on 11 June 2026 by six authorities and formally released at the...
2026-08-28
A foreign bank may enter China through three licensed routes: a representative office, a foreign bank branch, or a wholly foreign-owned bank (legal-person bank).外资银行可通过三条持牌路径进入中国：代表处、外国银行分行，或外商独资银行（法人银行）。 A representative office is a non-operating...