Banking and Finance Laws

Cash flows between listed companies and the provision of external security by listed companies to related parties are issues that have been addressed in…

Issued: October 9 2003Effective: as of the date of receipt of the CircularMain contents: The Circular simplifies the procedures for sale of foreign exchange…

Promulgated: September 3 2003Effective: October 5 2003Main contents: The Measures define loss of assets as the real destruction of an enterprise's assets,…

The China Banking Regulatory Commission (CBRC) promulgated the long-awaited Administration of Auto Finance Companies Procedures (the Procedures) on October 3 2003. The Procedures are seen as an important step towards the liberalization of China's automobile market.

The China Banking Regulatory Commission (CBRC) promulgated the long-awaited Administration of Auto Finance Companies Procedures (the Procedures) on October 3 2003. The Procedures are seen as an important step towards the liberalization of China's automobile market.

A newly set of provisions promulgated by the China Banking Regulatory Commission to regulate Auto Finance Companies. This marks a closer step to the WTO commitments and a more liberalized auto industry.

China's civil aviation sector looks set to grow considerably in the coming years as tourism expands and amid general economic expansion. The authors take a close look at China's airlines and the prospects for the industry as a whole.

Beijing municipality's Concessions for Urban Infrastructure Procedures (the Procedures) were announced on September 10 2003 and became effective as of…

Issued: December 23 2002Interpreting authority: Ministry of FinanceApplicability: The provisions apply to governmental organs, social organizations, companies,…