China establishes foreign-exchange rules regulating fund-management firms investing in overseas capital markets, as part of efforts to further liberalize the country's capital account, The Wall Street Journal reported.

China establishes foreign-exchange rules regulating fund-management firms investing in overseas capital markets, as part of efforts to further liberalize the country's capital account, The Wall Street Journal reported.

China Bohai Bank seeks to become the first local joint stock lender to win a combined yuan and foreign currency derivatives license as part of a plan to trial new forwards, options and other products in the Tianjin area, Forbes reported.

China's National Social Security Fund (NSSF) has short-listed several institutional candidates including Barclays Global Investors, State Street Global Advisors and Wellington Management Co as overseas investment advisers, Reuters reported, citing the China Securities Journal.

Chinese auto brands have come up with reforms and strategies to deal with the upcoming challenges from foreign competitors and opportunities of an expanding market, Sohu News reported.  

The entrance of foreign players to the Mainland banking sector accelerated internal reform and fostered fierce competition, Sohu New reported.

The Chinese Institute of Certified Public Accountants (CICPA) hired the Assocaition of Chartered Certified Association (ACCA) to train university accounting teachers, in order to combat the shortage of accounting expertise in China, FTChinese.com reported.  

Official report released on July 18 show an overheating economy that gives rise to further macro-control measures, Shanghai Securities Journal reported.

Six government ministries, include the Ministry of Commerce and Ministry of Construction, have drafted and signed a new policy to impose new regulations on non-Chinese or foreign investors to enter Mainland property market, sources said to China Business News. The new policy will practice “naming system” to foreign firms or individuals, restricting their access, developing and operating in real estate sector.

Minor adjustments to foreign trade and foreign enterprise policy may be necessary, said Associate Minister of Ministry of Commerce, Fu Ziying, to Xinhua.