Banking and Finance Laws

• People's Bank of China Notice [2005] No.15

  中国人民銀行公告 [2005] 第15号

  Issued: June 15 2005Applicability: Matters not provided in the Notice shall be handled in accordance with relevant provisions of the Measures for the Administration…

  September 02, 2005

• State Administration of Foreign Exchange, Circular on Issues Relevant to Relaxation on the Retaining of Foreign Exchange Revenue from Current Account Items of Domestic Organizations

  国家外汇管理局关于放宽境内机构保留经常项目外汇收入有关问题的通知

  Issued: August 2 2005Effective: as of date of issueApplicability: In the case of a conflict between previous provisions and this Circular, this Circular…

  September 02, 2005

• General Affairs Department of State Administration of Foreign Exchange, Circular on Issues Relevant to the Sale and Payment of Foreign Exchange for Transfer of Goods Out of Export Processing Zones for Further Processing

  国家外汇管理局综合司关于出口加工区货物出区深加工结转售付汇有关问题的通知

  Issued: June 2 2005Main contents: Transfer of goods out of export processing zones for further processing between transferor enterprises in export processing…

  September 02, 2005

• Circular on Issues Relevant to Registration Regarding Offshore Investments of Individual Domestic Residents and Foreign Exchange Registration in Respect of Mergers and Acquisitions by Foreign Investors

  关于境内居民个人境外投资登记及外资并购外汇登记有关问题的通知

  This Circular aims to discourage the withdrawal of venture capital investments, and to ensure lawful and orderly cross border capital flows.

  September 02, 2005

• Chinese Companies on the Global M&A Stage ­Domestic Regulatory Issues

  Healthier balance sheets and more sophisticated ambitions of growth have projected mainland Chinese companies onto the global M&A stage. Although they are becoming more competitive in international bidding processes, mainland companies remain constrained by a complex domestic regulatory regime governing outbound investments.

  September 02, 2005

• Supplementary Circular on Issues Relevant to Renminbi Loans Secured with Foreign Exchange

  关于外汇担保项下人民币贷款有关问题的补充通知

  This Supplementary Circular supplements the Circular on Verification of Short-term Foreign Debt Quotas of Foreign-invested Banks in China for the Year 2005 (Hui Fa [2005] No. 4).

  September 02, 2005

• Other Recent Legislation for this Month

  National LegislationCONSTITUTION AND LEGAL SYSTEMPRC Property Rights Law (Draft)中华人民共和国物权法（草案）L1420/05.07.08INVESTMENT INSTRUMENTSInformation…

  July 02, 2005

• China Securities Regulatory Commission, Matters Relevant to the Use by Fund Management Companies of Their Own Funds to Engage In Fund Investments Circular

  中国証券监督管理委员会关于基金管理公司运用固有资金进行基金投资有关事项的通知

  Issued: June 8 2005Main contents: The Circular allows fund management companies to use their own funds to engage in fund investments and specifies the…

  July 02, 2005

• Matters Relevant to the Use by Fund Management Companies of Their Own Funds to Engage In Fund Investments Circular

  关于基金管理公司运用固有资金进行基金投资有关事项的通知

  This Circular allows fund management companies to use their own funds to engage in fund investments only if it has net assets of at least Rmb 50 million and that the amount of fund shares it holds do not account for more than 60% of its net assets.

  July 02, 2005

• Administration of Pilot Projects for Securitization of Credit Assets Procedures

  信贷资产证券化试点管理办法

  These Procedures aim to regulate the pilot projects for securitization of credit assets, protect the lawful rights and interests of investors and relevant parties, improve the circulation of credit assets, and increase the types of securities projects.

  June 02, 2005