Issued: November 18 2003Main contents: The Notice states that the People's Bank of China will provide clearing arrangements for Hong Kong banks providing…
Promulgated: November 12 2003Effective: as of date of promulgationInterpreting authority: China Banking Regulatory CommissionMain contents: The Implementing…
Issued: December 1 2003Interpreting authority: China Securities Regulatory CommissionApplicability: The Rules apply to circumstances in which a company's…
Export-oriented businesses have played a leading role in the growth of China's economy in the reform period. At the same time, however, the tax rebates that have been given to exporters as incentives to expand their businesses have created a heavy fiscal burden for the government. What is the solution?
In recent years, the government has been making the legal environment governing investment outside China by companies established in China, including foreign-invested companies, more progressive. A new SAFE circular furthers the liberalization programme.
Last month we covered the new auto finance company regulations. Soon after we went to press, the China Banking Regulatory Commission issued implementing rules for the regulations.
China has promulgated the long-awaited Securities Investment Fund Law. What is new in the law for securities industry investors? And how does the law fit into the overall effort to create a robust funds industry in China?
Issued: September 9 2003Main contents: The Circular states that starting from October 1 2003 the China Foreign Exchange Trade Center allows members to…