Banking and Finance Laws

• 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

• Department of Intermediary Supervision of the China Securities Regulatory Commission, Issues Relevant to Securities Companies' Engaging in Collective Entrusted Investment Management Business Circular

  中国证监会机构监管部关于证券公司从事集合性受托投资管理业务有关问题的通知

  Issued: April 29 2003Main contents: The Circular prohibits securities companies from raising funds from specified or unspecified investors for a collective…

  June 02, 2003

• Ministry of Finance, Specific Independent Audit Guidelines (No.7): Audit Reports (Revised)

  财政部独立审计具体准则第7号﹣审计报告 (修订)

  Issued: April 14 2003Effective: July 1 2003Main contents: The revised Guidelines now require an audit report to include an introductory paragraph and the…

  June 02, 2003

• Ministry of Finance, Enterprise Accounting Guidelines - Events After the Balance Sheet Date (Revised)

  财政部企业会计准则﹣资产负债表日后事项 (修订)

  Issued: January 14 2003Effective: July 1 2003Main contents: When defining the term "events after the balance sheet date", the revised Guidelines make it…

  June 02, 2003

• CSRC Bans Collective Entrusted Investments

  With the fast growth in China's capital markets, the country's banking, securities and trust industries have shown a marked interest in developing new…

  June 02, 2003

• Regulatory Foundations for Bancassurance in China

  Bancassurance has plenty of scope for growth in China but the regulatory hurdles to greater integration of the marketing of financial products mean that alternative investment strategies must be pursued, at least for the foreseeable future.

  June 02, 2003

• Establishment & Operation of WFOEs in Free Trade Zones

  Since 1990, the PRC has established 15 Free Trade Zones, in Shanghai Waigaoqiao, Tianjin Tanggu, Dalian, Qingdao, Zhangjiagang, Ningbo, Guangzhou, Shantou,…

  June 02, 2003