China Justice Observer


EnglishArabicChinese (Simplified)DutchFrenchGermanHindiItalianJapaneseKoreanPortugueseRussianSpanishSwedishHebrewIndonesianVietnameseThaiTurkishMalay

China Tightens Regulation of Forex Trading Conduct

Wed, 05 Jan 2022
Categories: China Legal Trends

On 3 Dec. 2021, China’s State Administration of Foreign Exchange (SAFE) issued the “Guidelines on Foreign Exchange Trading Conduct” (hereinafter “the Guidelines”, 外汇市场交易行为规范指引).

The Guidelines applies to the interbank market as well as the client market, and all the parties engaged in the foreign exchange market, including institutions engaged in foreign exchange transactions, China Foreign Exchange Trade System, Shanghai Clearing House, currency brokers, etc.

The Guidelines focuses on regulating foreign exchange market conducts with emphasis on its core content—the management of transaction and information.

In this regard, the Guidelines requires market participants to effectively identify and protect sensitive information, adopt appropriate approaches of communicating and trading information in accordance with the rules, properly keep the records of information transaction and exchange, and fulfill disclosure obligations to customers and the public.



Cover Photo by T o T on Unsplash

Contributors: CJO Staff Contributors Team

Save as PDF

Related laws on China Laws Portal

You might also like

CBIRC Relaxes Entry Terms of Foreign Insurance Brokers

In December 2021, China Banking and Insurance Regulatory Commission issued the “Notice on Clarifying Measures for the Opening-up of the Insurance Intermediary Market” (关于明确保险中介市场对外开放有关措施的通知) to relax conditions of market entry for foreign insurance intermediaries.

China Legalizes VIE Structure, Offshore Listings will Require Registration

In December 2021, China Securities Regulatory Commission (CSRC) issued the “Regulatory Provisions of the State Council on the Offshore Securities Issuance and Listing of Domestic Companies (Draft for Public Comment)” (国务院关于境内企业境外发行证券和上市的管理规定(草案征求意见稿)), which for the first time clarifies the legality of VIE structure.

China Bans Unauthorized Short Videos about Films and Dramas

In December 2021, China Netcasting Services Association issued the “Guidelines for Review of Online Short Video Content (2021)” (网络短视频内容审核标准细则(2021)), which specifically prohibits contents edited or adapted from films, TV dramas, or online TV series without authorization.

China to Regulate Military Applications of Artificial Intelligence

In December 2021, China issued “Position Paper of the People’s Republic of China on Regulating Military Applications of Artificial Intelligence (AI)” (中国关于规范人工智能军事应用的立场文件) to strengthen the regulation of military applications of AI and prevent potential risks.