The 2026 “Stabilizing Foreign Investment” plan lets more foreign institutions use risk-management tools including Treasury futures. 2026年”固稳促优”方案支持更多外资机构运用包括国债期货在内的风险管理工具。 Foreign institutions are allowed to conduct fund investment-advisory business under the law. 外资机构可依法开展基金投资顾问业务。 Key FIEs receive cross-border financing convenience quotas to ease external … Financial sector opening measures for foreign institutionsRead more
Financial License
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 institutions. 中国于2020年取消证券公司、基金管理人、期货公司与寿险公司的外资股比限制，使外资银行与保险公司大体上与内资机构同等待遇。 The four key regulators are the PBOC (central bank/payments/AML), … Financial services & fintech licensingRead more
Foreign-Invested Insurance and Reinsurance Market Access in China
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 “Several Measures to Accelerate the Building of the Shanghai International … Foreign-Invested Insurance and Reinsurance Market Access in ChinaRead more
Shanghai’s 2026 Offshore Finance Action Plan: Pudong Licensing and Business Openings for Foreign Financial Institutions
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 Lujiazui Forum on 17 June 2026. 《上海国际金融中心发展离岸金融行动方案》由六部门于2026年6月11日联合落款，并于2026年6月17日在陆家嘴论坛正式发布，随后联合印发。 The plan does not … Shanghai’s 2026 Offshore Finance Action Plan: Pudong Licensing and Business Openings for Foreign Financial InstitutionsRead more
Foreign Banks Entering China: Licensing Pathways for Representative Offices, Branches, and Wholly Foreign-Owned Banks
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 liaison post and cannot take deposits or make loans; it … Foreign Banks Entering China: Licensing Pathways for Representative Offices, Branches, and Wholly Foreign-Owned BanksRead more
QFLP in 2026: How Foreign Capital Sets Up an Onshore RMB Private Equity Fund in China
QFLP turns offshore capital into onshore RMB fund and equity investment, via a qualification approval and an FX supervision procedure. QFLP经资格审批与外汇资金监管程序，将境外资本兑换为人民币，投资境内基金与股权。 Two tiers: a pilot fund management enterprise plus the pilot fund; both may be wholly foreign-owned. 两层结构：试点基金管理企业与试点基金，均可外商独资设立。 No national … QFLP in 2026: How Foreign Capital Sets Up an Onshore RMB Private Equity Fund in ChinaRead more
China’s Nationwide Pooling of Foreign-Invested Groups’ Cross-Border Funds (2026)
On 26 December 2025, the People’s Bank of China and SAFE issued the *Notice on Cross-Currency Cash Pooling for Multinational Companies* (Yin Fa [2025] No. 251), extending the integrated RMB/foreign-exchange pool nationwide. 2025年12月26日，中国人民银行、国家外汇管理局发布《关于跨国公司本外币一体化资金池业务有关事宜的通知》（银发〔2025〕251号），将本外币一体化资金池业务推广至全国。 The pool lets a multinational concentrate and … China’s Nationwide Pooling of Foreign-Invested Groups’ Cross-Border Funds (2026)Read more