Publication
Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Global | Publication | December 2017
On Monday, China’s National Development and Reform Commission (NDRC), Ministry of Commerce (MOFCOM), Ministry of Foreign Affairs, People’s Bank of China, and the All China Federation of Industry and Commerce announced a rule, for the first time, to regulate private companies’ overseas investments and operations. NDRC and MOFCOM are required to guide POEs in implementation of the new rule.
In the release of the new rule, there are two highlight requirements:
It is important to note that at this stage, there is no clarification on:
As it stands, below are some of the direct impacts on POEs:
We will be keeping a close eye on further developments and aim to keep you apprised. If you have any questions regarding the new rules as it stands, please feel free to contact Wang Yi.
Publication
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
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