Banking and Finance Laws

• China Banking Regulatory Commission, Adjustment to the Administration Methods and Procedures for Entry to the Banking Market Decision

  中国银行业监督管理委员会关于调整银行市场准入管理方式和程序的决定

  Promulgated: May 29 2003Effective: July 1 2003Main contents: Adjustments are made to the examination and approval authority over establishment of new bank…

  July 02, 2003

• State Administration of Taxation, Tax Issues Relevant to Acquisition of Equity Interest in Domestic Enterprises by Foreign Investors Circular

  国家税务总局关于外国投资者并购境内企业股权有关税收问题的通知

  Issued: May 28 2003Effective: January 1 2003Main contents: The Circular clarifies three transition issues concerning enterprise income tax preferential…

  July 02, 2003

• Other Recent Legislation for this Month

  National LegislationGovernment and AdministrationState Council, The Second Batch of Items in Respect of which the Administrative Examination and Approval…

  July 02, 2003

• The All China Lawyers' Association, Lawyers' Engaging in Securities Legal Business Guidelines (Trial Implementation)

  中华全国律师协会律师从事证券法律业务规范 (试行)

  Adopted: April 22 2003Effective: as of date of adoptionInterpreting authority: The All China Lawyers' AssociationApplicability: "Securities legal business"…

  July 02, 2003

• State Administration of Foreign Exchange and China Insurance Regulatory Commission, Issues Relevant to Administration of the Sale and Payment of Foreign Exchange for Foreign-ceded Reinsurance Business Circular

  国家外汇管理局、中国保险监督管理委员会关于境外再保险分出业务售付汇管理有关问题的通知

  Issued: June 20 2003Effective: July 1 2003Main contents: Item One of the Circular allows wholly Chinese-owned insurance companies, Sino-foreign equity…

  July 02, 2003

• State Administration of Foreign Exchange, Implementation of Reform of Foreign Exchange Control of Domestic Foreign Exchange Loans Circular

  国家外汇管理局关于实施国内外汇贷款外汇管理方式改革的通知

  Issued: December 6 2002Effective: January 1 2003Applicability: The self-operational foreign exchange loans provided by a Chinese-funded financial institution…

  July 02, 2003

• CIETAC Opens Doors to Financial Arbitration

  Parties seeking to resolve disputes in China have a choice of arbitration institutions in an increasingly competitive environment. China's best-known arbitration commission has issued new rules to expedite the resolution of financial disputes, which it hopes can keep it ahead of the competition.

  July 02, 2003

• Supervision and Administration of Enterprise State-owned Assets Tentative Regulations

  企业国有资产监督管理暂行条例

  A detailed set of provisions which sets out the supervision and administration of state-owned assets.

  July 02, 2003

• Ministry of Finance, Answers to Questions Relevant to the Implementation of the «Enterprise Accounting System» and Relevant Accounting Guidelines(2)

  财政部关于执行《企业会计制度》和相关会计准则有关问题解答 (二)

  Issued: March 17 2003Main contents: Newly established enterprises other than small enterprises and financial enterprises shall audit and prepare financial…

  June 02, 2003

• China Securities Regulatory Commission, Issues Relevant to Share Listing and Trading Conditions of Target Companies Involved in Takeovers by Offer Circular

  中国证券监督管理委员会关于要约收购涉及的被收购公司股票上市交易条件有关问题的通知

  Issued: May 20 2003Main contents: Upon expiration of the offer period of a takeover, if the equity distribution of the target company does not comply with…

  June 02, 2003