Banking and Finance Laws

• China Securities Regulatory Commission and China Banking Regulatory Commission, Circular on Regulation of the Provision of Security to Outside Parties by Listed Companies

  中国证券监督管理委员会、银行业监督管理委员会关于规范上市公司对外担保行为的通知

  Issued: December 23 2005Effective: January 1 2006Applicability: The term "provision of security to outside parties" refers to provision of security by…

  January 31, 2006

• Other Recent Legislation for this Month

  National LegislationBANKINGSupplementary Circular on Issues Relevant to Handling of the Renminbi Business by Mainland Banks and Hong Kong Banks 关于内地银行与香港银行办理人民币业务有关问题的补充通知L3600/05.12.04Electronic…

  November 30, 2005

• China Banking Regulatory Commission, Notice on Matters Relevant to Further Opening up the Banking Industry

  中国银行业监督管理委员会关于进一步对外开放银行业相关事项的公告

  Issued: December 3 2005Main contents: Starting from December 5 2005, regions in which foreign-invested financial institutions may engage in renminbi business…

  November 30, 2005

• State Administration of Foreign Exchange, Guidelines for Market Makers of the Interbank Foreign Exchange Market (Tentative)

  国家外汇管理局银行间外汇市场做市商指引 (暂行)

  Issued: November 24 2005Effective: as of date of issueInterpreting authority: State Administration of Foreign Exchange (SAFE)Applicability: The term "market…

  November 30, 2005

• State Administration of Foreign Exchange, Circular on Adjusting the Measures for the Administration of the Positions for Settlement and Sale of Foreign Exchange of Banks

  国家外汇管理局关于调整银行结售汇头寸管理办法的通知

  Regulations and approval requirements concerning consolidated positions for settlement and sale of foreign exchange.

  October 31, 2005

• Other Recent Legislation for this Month

  National LegislationADVERTISING AND MARKETINGDecision on Adjusting Corresponding Articles of Relevant Advertising Regulatory Rules in Accordance with the…

  October 31, 2005

• China Banking Regulatory Commission, Guidelines on Performance of Boards of Directors of Share-system Commercial Banks with Due Diligence (Trial Implementation)

  中国银行业监督管理委员会股份制商业银行董事会尽职指引(试行)

  Corporate governance in share-system commercial banks.

  October 31, 2005

• State Administration of Foreign Exchange, Circular on the Centralized Administration of the Positions for Settlement and Sale of Foreign Exchange of Foreign-invested Banks in China

  国家外汇管理局关于境内外资银行集中管理结售汇周转头寸的通知

  Issued: July 12 2005Effective: August 1 2005Main contents: Foreign-invested banks in China (including wholly-owned banks, equity joint venture banks and…

  October 31, 2005

• State Administration of Foreign Exchange, Circular on Issues Relevant to Foreign Exchange Control with Respect to the Round-trip Investment of Funds Raised by Domestic Residents Through Offshore Special Purpose Companies

  国家外汇管理局关于境内居民通过境外特殊目的公司融资及返程投资外汇管理有关问题的通知

  The Circular allows domestic residents to set up offshore financing platform by means of special purpose companies and to participate in various equity financing activities through reverse acquisition, equity transfer, convertible bonds in international financial market. The Circular also stipulates the relevant registration and administration procedures for special purpose companies and remittance of profits, dividends, liquidation proceeds, equity transfer proceeds, and capital reduction proceeds.

  October 31, 2005

• Top Ten Questions Regarding Domain Name Disputes (Part II)

  By Song [email protected]: www.haiwen-law.comIn a continuation from last month, below is the final half of my views on the 10 key substantive…

  October 31, 2005