On June 1, MOC, Information Office of State Council and the administration for Industry and Commerce issues the Administrative Provisions on Foreign Institutions Providing Financial Information Service in China (hereafter referred to as “Provisions”).

The Provisions stipulates general approval procedure for the foreign institutions who purpose is to provide financial information service in China and procedure for foreign institutes who want to invest in established information service company. The Information Office of State Council is the supervision and examination authority of the foresaid foreign institutions providing financial information service.