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China Banking Regulatory Commission Tightens Lending Policy
The China Banking Regulatory Commission is issuing guidelines effective from next month that slow down or even prevent banks from making new loans, in efforts to curb the excessive growth in consumer credit.
Indian FDI Law May be Revised to Block Investment in Sensitive Sectors
The National Security Council has submitted a secret report suggesting revisions on the current FDI guidelines to allow the government to stop foreign mergers or takeovers of Indian companies that are considered damaging to national interest.
India Looks to Enact Direct Selling Legislation
Recent reports indicate that India is set to beef up its direct selling legislation in order to further support and develop the industry.
CBRC to Restrict Chinese Interbank Bond Holdings
The China Banking Regulatory Commission is set to tighten banks capital rules by excluding subordinated bonds sold to other banks from their capital base.
Vietnam Attracts US$10 billion Worth of FDI for First 7 Months
According to the Foreign Investment Department, Vietnam attracted US$10.1 billion of foreign direct investment during the first seven months of 2009.
Shenzhen Releases New Recognition Measures for High-Tech Enterprises
The Shenzhen government released the Administrative Measures of Shenzhen for the Recognition of High and New Technology Enterprises earlier this month, laying out two sets of rules regarding the recognition of high-tech enterprises in the city.
Indian Education Sector to Allow Foreign Investors
The Indian government is considering opening the education industry for foreign education companies and other cross-border players.
Annual Filing of Foreign Bank Account Reports for U.S. Taxpayers
U.S. taxpayers holding financial interest or other authority over a financial account in a foreign country amounting to more than US$10,000 are required to file the annual Foreign Bank Account Report (FBAR) by June 30th of the following year.