Banking and Finance Laws

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.

A circular on foreign exchange administration for external investments in the PRC.

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?

A set of provisions which regulate securities investment funds and protect the rights of investors in the securities market.

Issued: September 9 2003Main contents: The Circular states that starting from October 1 2003 the China Foreign Exchange Trade Center allows members to…

Promulgated: October 3 2003Effective: as of date of promulgationMain contents: The Measures cover the establishment of, change to and termination of auto…

The State Administration of Foreign Exchange (SAFE) issued the QFII Foreign Exchange Operation Circular (the Circular) on September 9 2003. The Circular…

Issued: May 15 2003Effective: as of date of issueMain contents: The Provisions stipulate that the sale of receivables of an enterprise generated from the…

Issued: April 14 2003Effective: July 1 2003Applicability: A "predecessor certified accountant" refers to an accounting firm that has reported on the most…