Banking and Finance Laws

• 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

• Other Recent Legislation for this Month

  National LegislationIndustriesQuestions Relevant to Chemicals Registration Reply 关于化学品登记有关问题的复函L5700/03.05.12BankingAdministration…

  June 02, 2003

• State Administration of Foreign Exchange, Issues Relevant to the Administration of Foreign Currency Bank Cards Circular

  国家外汇管理局关于银行外币卡管理有关问题的通知

  Issued: May 12 2003Effective: June 1 2003Main contents: Parts One and Two cover the use and foreign exchange settlement of foreign and domestically issued…

  June 02, 2003

• Department of Public Offering Supervision of the China Securities Regulatory Commission, Standards for Examination and Verification of Share Issues Memorandum (No. 16): Examination and Verification Requirements for Special Item Review of Companies Initially Offering Shares to the Public

  中国证监会发行监管部股票发行审核标准备忘录第16号–首次公开发行股票的公司专项复核的审核要求

  Issued: February 28 2003Main contents: If the China Securities Regulatory Commission (CSRC), in its examining the initial public offering application documents,…

  June 02, 2003

• The Chinese Institute of Certified Public Accountants, Chinese Certified Public Accountants Practice Standard Guidelines No.5 - Audit Reports (Trial Implementation)

  中国注册会计师协会中国注册会计师执业规范指南第5号﹣审计报告 (试行)

  Issued: May 13 2003Effective: July 1 2003Main contents: The Guidelines describe each major element (e.g. opening paragraph, opinion paragraph) of an audit…

  June 02, 2003