Banking and Finance Laws

• Other Recent Legislation for this Month

  National LegislationRailway and RoadsAdministration of the Construction of Railroads Procedures 铁路建设管理办法L4400/03.07.31Asset ValuationAppraisal…

  October 02, 2003

• Filling the Glass Half Full: The WTO and Structural Reform in China

  Most analyses of China's WTO commitments haven't shed much light on how the challenge of implementing the sweeping reforms necessary will be accomplished. Nor, the author argues, do they address the fundamental issue of whether PRC government structure is even up to the task.

  October 02, 2003

• Several Issues Concerning the Regulation of Cash Flows Between Listed Companies and Their Affiliates and Security Provided to Outside Parties by Listed Companies Circular

  关于规范上市公司与关联方资金往来及上市公司对外担保若干问题的通知

  A circular which addresses the issues on regulations of cash flows between listed companies and their affiliates. It also addresses the control of risk of security provided to outside parties by listed companies in the PRC.

  October 02, 2003

• Pudong New Area, «Shanghai Municipality, Encouraging the Establishment of Regional Headquarters by Foreign Multinational Corporations Tentative Provisions» Implementing Measures

  浦东新区关于《上海市鼓励外国跨国公司设立地区总部的暂行规定》的实施办法

  Issued: August 17 2002Effective: September 1 2002Interpreting authority: Pudong New Area Economic and Trade BureauMain contents: The Measures detail tax…

  September 02, 2003

• Ministry of Finance, Financial Handling Issues Concerning Increases and Decreases in Valuation of External Investment Assets of Foreign-invested Enterprises Circular

  财政部关于外商投资企业对外投资资产评估增减值财务处理问题的通知

  Issued: July 4 2003Main contents: The Circular stipulates that in the case of the book value of the assets (physical goods or intangible assets) contributed…

  September 02, 2003

• State Administration of Foreign Exchange, Issues Relevant to Adjusting the Administrative Policies on Foreign Exchange Accounts for Current Account Items for Such Activities as International Contracting Projects Circular

  国家外汇管理局关于调整国际承包工程等项下经常项目外汇账户管理政策有关问题的通知

  Issued: August 5 2003Effective: September 1 2003Main contents: The Circular allows the limits of the foreign exchange accounts for current account items…

  September 02, 2003

• China Securities Regulatory Commission, Contents and Formats for Information Disclosures by Companies that Offer Shares to the Public Guidelines (No.3): Contents and Format of Interim Reports (Revised in 2003)

  中国证券监督管理委员会公开发行证券的公司信息披露内容与格式准则第3号《半年度报告的内容与格式》 (2003年修订)

  Issued: June 24 2003Effective: as of date of issueInterpreting authority: China Securities Regulatory CommissionMain contents: More content has been added…

  September 02, 2003

• China Banking Regulatory Commission and National Development and Reform Commission, Administration of Service Charges of Commercial Banks Tentative Measures

  中国银行业监督管理委员会、国家发展和改革委员会商业银行服务价格管理暂行办法

  Issued: June 26 2003Effective: October 1 2003Applicability: Commercial bank services refer to the various renminbi and foreign exchange bank services that…

  September 02, 2003

• Guangzhou City, Strengthening and Regulating the Audit Work of Major Construction Projects in Guangzhou City Opinion

  广州市关于加强和规范广州市重大建设项目稽察工作的意见

  Issued: April 23 2003Main contents: The Opinion lists the types of major construction projects included for audit. These include projects funded, or whose…

  September 02, 2003

• Buying Enterprise Bonds: The CIRC Relaxes the Rules

  By Mao Baigen & Roland Sun, Pu Dong Law Office, ShanghaiThe China Insurance Regulatory Commission (CIRC) recently relaxed the limitations that are…

  September 02, 2003