Banking and Finance Laws

• State Administration of Foreign Exchange, Administrative Procedures Concerning Adjustment to the Limits of Foreign Exchange Accounts for Current Account Items Circular

  国家外汇管理局关于调整经常项目外汇账户限额管理办法的通知

  Issued: February 4 2005Effective: March 1 2005Applicability: In the event of a conflict between previous provisions and this Circular, this Circular shall…

  February 28, 2005

• People's Bank of China, Verification of the Trading and Circulation of Bonds in the National Interbank Bond Market Rules

  中国人民银行全国银行间债券市场债券交易流通审核规则

  Promulgated: December 7 2004Effective: December 15 2004Interpreting authority: People's Bank of China (PBOC)Applicability: The term "bonds" as used in…

  February 28, 2005

• Ministry of Finance and State Administration of Taxation, Taxation Policy Concerning Enterprises Involving Debt-to-Equity Swaps Circular

  财政部、国家税务总局关于债转股企业有关税收政策的通知

  Issued: February 5 2005Main contents: The Circular specifies the policies on value-added tax, consumption tax and enterprise income tax involved in the…

  February 28, 2005

• New Provisions on Charge over Account

  By David Yu and Eric [email protected]; [email protected] exporting companies generally are entitled to tax refunds of some taxes paid.…

  February 28, 2005

• General Office of the China Banking Regulatory Commission, Issues Relevant to Regulating the Operation and Management of the Securities Business of Trust and Investment Companies Circular

  中国银行业监督管理委员会办公厅关于规范信托投资公司证券业务经营与管理有关问题的通知

  Issued: November 16 2004Effective: as of date of issueMain contents: Trust and investment companies shall keep trust funds and their own funds under separate…

  February 28, 2005

• State Administration of Foreign Exchange, Verification of Short-term Foreign Debt Indicators of Foreign-invested Banks in China for the Year 2005 Circular

  国家外汇管理局关于2005年境内外资银行短期外债指标核定工作的通知

  Issued: January 26 2005Effective: April 1 2005Applicability: In the event of a conflict between this Circular and relevant provisions of the People's Bank…

  February 28, 2005

• Other Recent Legislation for this Month

  National LegislationACCOUNTINGAdministration of the Practising Qualifications for Accounting Procedures会计从业资格管理办法L3110/05.01.22BANKINGAdministration…

  February 28, 2005

• People's Bank of China, Verification for Entry of Financial Institutions in the Banking Industry into the National Interbank Loans Market Rules

  中国人民银行银行业金融机构进入全国银行间同业拆借市场审核规则

  Promulgated: January 21 2005Effective: as of date of promulgationInterpreting authority: People's Bank of China (PBOC)Applicability: Financial institutions…

  February 28, 2005

• Tianjin Municipality, Verification of Enterprise Investment Projects Tentative Administrative Procedures

  天津市企业投资项目核准暂行管理办法

  Promulgated: November 3 2004Effective: as of date of promulgationApplicability: The Procedures apply to fixed asset investment projects listed in the Investment…

  January 31, 2005

• Ministry of Commerce, Administration of Auctions Procedures

  商务部拍卖管理办法

  Promulgated: December 2 2004Effective: January 1 2005Interpreting authority: Ministry of CommerceApplicability: "Auction houses" refers to limited liability…

  January 31, 2005