CSRC China Rules

CSRC and CBIRC Jointly Promulgate Administrative Measures on Custodian Business for Securities Investment Funds

CSRC and CBIRC jointly revised and promulgated the Administrative Measures on Custodian Business for Securities Investment Funds (CSRC Decree No.172), effective July 11, 2020. The measures permit foreign bank branches in China to apply for fund custodian licenses with net asset requirements calculable from foreign headquarters, improve supervisory requirements and net asset criteria, streamline application processes, and extend regulation to non-bank financial institutions. Qualified financial institutions including foreign bank branches may now submit custodian license applications.

Measures for the Administration of Domestic Securities and Futures Investment by QFIIs and RQFIIs

CSRC Decree No. 176 establishes revised measures governing Qualified Foreign Institutional Investor (QFII) and Renminbi Qualified Foreign Institutional Investor (RQFII) domestic securities and futures investment in China, effective 25 September 2020. The decree supersedes prior CSRC measures on QFII/RQFII administration and sets compliance obligations for foreign institutional investors accessing Chinese capital markets.

CSRC Announcement 2020 No. 63

CSRC published Announcement [2020] No. 63, dated September 25, 2020. The announcement was issued by China's securities regulatory authority. No specific regulatory content or compliance obligations are available from the source document.

CSRC Expands QFII and RQFII Access to Commodity Futures, Options

CSRC, in joint deliberation with the People's Bank of China and the State Administration of Foreign Exchange, announces that starting November 1, 2021, Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors will be eligible to trade commodity futures, commodity options and stock index options listed on approved trading venues. Stock index options trading is limited to hedging purposes only.

Provisions on Supervision and Administration of Depository Receipts under Stock Connect

CSRC issued Announcement [2022] No. 28 establishing provisions for the supervision and administration of depository receipts under the Stock Connect scheme between domestic and overseas stock exchanges. The rules establish regulatory requirements for cross-border depository receipts, including eligibility criteria, disclosure obligations, and ongoing compliance requirements for participating securities firms and investors.