May 2008
Current Policies and Prospects on Cross-straits Economic Exchanges
Vice Chairperson of the Mainland Affairs Council Liu Te-shun (LTS) spoke with Chris Bisogni (CB) and shared his thoughts on the development of cross-straits economic ties and what the Taiwanese people can expect as a result of Ma Ying-jeou’s victory in the recent election.
Confidence in Ma but Urgent Attention to the Economy Needed: Lawyers
The election of Ma Ying-jeou as Taiwanese president is good news for Taiwan but lawyers agree economic reforms and direct flights to the PRC are two issues that need urgent attention. China Law & Practice invited six lawyers from Taiwan’s leading law firms to discuss the implications of Ma Ying-jeou’s election victory.
General Office of the China Banking Regulatory Commission, Circular on Issues Relevant to Further Regulating the Personal Financial Management Business of Commercial Banks
中国银行业监督管理委员会办公厅关于进一步规范商业银行个人理财业务有关问题的通知
CBRC puts a halt to commercial banks’ selling of products linked to overseas funds.
GEM TO PROVIDE NEW CHANNEL TO RAISE CAPITAL
People’s Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission, Several Opinions on Accelerating the Development of the Service Industry with Support from the Financial Sector
中国人民银行、中国银行业监督管理委员会、中国证券监督管理委员会、中国保险监督管理委员会关于金融支持服务业加快发展的若干意见
Enterprise groups in the service industry given priority to establish finance companies.
Minsheng and RBC formed US$28 million joint venture
IFIL Group’s US$90 million deal closed
Beijing law firm expands its corporate practice
White & Case expands finance practice in Asia
China’s measures to further encourage QDII investment
Banking Opportunities in Kazakhstan 2008
State Administration of Foreign Exchange and State Administration of Taxation, Circular on Issues Relevant to the Trial Implementation of Tax Filing for Outbound Payments of Trade in Services
国家外汇管理局、国家税务总局关于试行服务贸易对外支付税务备案有关问题的通知
Advance tax filing for the service industry implemented in six places for trial.
State Administration of Taxation, Circular on Issues Relevant to the Administration of Tax Collection Concerning Outbound Payments of Trade in Services
国家税务总局关于服务贸易对外支付税收征管有关问题的通知
Procedures for advance tax filing for the service industry clarified.
State Administration of Taxation, Supplementary Circular on Issues Relevant to the Administration of Tax Collection Concerning Outbound Payments of Trade in Services
国家税务总局关于服务贸易对外支付税收征管有关问题的补充通知
International maritime transport not included in trial advance tax filing.
April 2008
China Banking Regulatory Commission, Guidelines for the Consolidated Supervision of Banks (Trial Implementation)
中国银行业监督管理委员会银行并表监管指引 (试行)
CBRC requires tighter consolidated supervision of banking groups to prevent risks.
Guidelines for the Consolidated Supervision of Banks (Trial Implementation)
银行并表监管指引（试行）
The Guidelines set forth the conditions under which an investee organization of a commercial bank shall be included within the scope of consolidated supervision.
China Banking Regulatory Commission, Measures for the Administration of Auto Finance Companies
中国银行业监督管理委员会汽车金融公司管理办法
The business scope of auto finance companies expanded.
Measures for the Administration of Auto Finance Companies
汽车金融公司管理办法
The revised Measures allow auto finance companies to engage in six more types of businesses.
People’s Bank of China, Circular on Matters Relevant to the Engagement in Renminbi Interest Rate Swap Business
中国人民银行关于开展人民币利率互换业务有关事宜的通知
Interest rate swaps allowed for all market participants in the national interbank bond market.
Credit Tightening Shifts Investors’ Decisions in Real Estate
No Credit Crunch in Asia
YIHE Real Estate issues US$130 million in bonds
Chinese snack maker listed in HK
Oil IPO raises US$410 million
Chinese developer listed in the US
General Office of the Ministry of Communications, Circular on Reforming the Bid Invitation Administration System for Construction Works of Highway Construction Projects that Use Loans from International Financial Organizations or Foreign Governments
交通部办公厅关于改革使用国际金融组织或者外国政府贷款公路建设项目施工招标管理制度的通知
Approval relaxed for highway construction projects using loans from international financial organizations or foreign governments.
New China Banking Regulatory Guidelines: Supervision Raised to Minimize Risks of Domestic Banks
In response to the rapid development of the banking industry in the PRC, new rules were promulgated on February 4 2008 to address a number of related issues. Several of China’s top lawyers shared their views on the new Guidelines for the Consolidated Supervision of Banks (Trial Implementation).
March 2008
People’s Bank of China and China Banking Regulatory Commission, Measures for the Administration of Loans for Development of Economically Affordable Residential Premises
中国人民银行、中国银行业监督管理委员会经济适用住房开发贷款管理办法
More banks are allowed to provide loans for the development of economically affordable residential premises.
CONFIDENCE OF ASIAN CEOS REMAINS STRONG
Deals & Dealmakers
February 2008
OUTBOUND INVESTMENT REACHES RECORD NUMBERS
China Securities Regulatory Commission, Guidelines for Contents and Formats for Information Disclosures by Companies that Offer Securities to the Public (No.2): Contents and Format of Annual Reports (2007 Revision)
中国证券监督管理委员会公开发行证券的公司信息披露内容与格式准则第2号—年度报告的内容与格式 (2007年修订)
Cross-shareholdings required to be disclosed in annual reports.