Banking and Finance Laws

• Department of Public Offering Supervision of the China Securities Regulatory Commission, Further Improving the Implementation of the «Sponsorship System for Offering and Listing of Securities Tentative Procedures» Circular

  中国证监会发行监管部关于进一步做好《证券发行上市保荐制度暂行办法》实施工作的通知

  Issued: December 31 2004Main content: Starting from January 1 2005, the China Securities Regulatory Commission (CSRC) will not, prior to the issuance of…

  January 31, 2005

• China Securities Regulatory Commission and China Banking Regulatory Commission, Administration of the Qualifications for Securities Investment Fund Custodianship Procedures

  中国证券监督管理委员会、中国银行业监督管理委员会证券投资基金托管资格管理办法

  Promulgated: November 29 2004Effective: January 1 2005Applicability: The Procedures are applicable to Chinese-invested commercial banks in China but not…

  January 31, 2005

• Beijing Municipality, Administration of Investment in and Establishment of Enterprises and Institutions Overseas Procedures

  北京市境外投资开办企业和机构管理办法

  Promulgated: November 17 2004Effective: as of date of promulgationInterpreting authority: Specific issues in enforcing these Procedures shall be interpreted…

  January 31, 2005

• China and the WTO: Perspectives on a Changing Environment

  Three years after China's accession to the WTO, what are the main issues that are determining the pace of liberalization of the economy? And how do the WTO commitments interact with the economic challenges facing China?

  January 31, 2005

• Several Issues Concerning the Trial Implementation of an Inquiry System for Initial Public Offerings of Shares Circular

  关于首次公开发行股票试行询价制度若干问题的通知

  The Circular aims to improve the pricing mechanism for initial public share offerings. Issues such as procedures for price inquiries, price determinations, and format of share offerings are addressed.

  January 31, 2005

• Other Recent Legislation for this Month

  National LegislationBankingEngagement in Insurance Agency Business by Mainland Branches of Hong Kong and Macao Banks Notice 关于香港和澳门银行内地分行从事代理保险业务的公告L3610/04.11.01Business…

  November 30, 2004

• People's Bank of China, Administration of Short-term Bonds of Securities Companies Measures

  中国人民银行证券公司短期融资券管理办法

  Promulgated: October 18 2004Effective: November 1 2004Interpreting authority: People's Bank of ChinaApplicability: "Short-term bonds of securities companies"…

  November 30, 2004

• Taking Security from PRC Subsidiaries

  By Roy Zhang and Allen [email protected];[email protected] in the global financing of a multinational group, the…

  November 30, 2004

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

  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

  Relaxed requirements for foreign invested financial institutions in renminbi business, profitability requirement, branch office establishment and starting insurance agency service.

  November 30, 2004

• People's Bank of China, Administration of Foreign Exchange Reserve Deposits of Financial Institutions Provisions

  中国人民银行金融机构外汇存款准备金管理规定

  A financial institution is required to transfer the reserve deposit to designated accounts every month. The foreign exchange reserve deposit ratio is unified at 3%.

  November 30, 2004