The body of laws governing the bidding process for construction projects in the PRC has seen an important new addition, with the Invitation and Submission of Bids for Construction Projects Procedures (the New Procedures) issued on March 8 2003 and effective May 1 2003.
Issued: March 18 2003Effective: as of date of issueMain contents: For companies with successive loss for two years as a result of material accounting mistakes…
Issued: April 10 2003Effective: September 1 2003Interpreting authority: People's Bank of China (PBOC)Applicability: "Depositors" includes enterprises and…
Issued: April 15 2003Main contents: The Notice lists 21 types of items in respect of which administrative examination and approval requirements are to…
Issued: March 6 2003Effective: April 1 2003Main contents: This Circular sets out the procedures for the sale and payment of foreign exchange for non-trade…
Issued: March 19 2003Main contents: The Statement further details on the application documents required for the status of a qualified institutional investor…
Issued: April 3 2003Effective: May 8 2003Main contents: The Exchange will impose special treatment to shares of companies under the risk of termination…
Issued: April 3 2003Effective: May 8 2003Main contents: Please see the digest on the Shanghai Stock Exchange, Issues Relevant to the Strengthening of Risk…
Foreign-invested holding companies in the PRC have had a chequered history. Among MOFTEC's last big pieces of legislation are rules that make some positive changes in this area.
By Julian Zhu, Zhong Lun Law Firm, ShanghaiMergers and acquisitions activity involving foreign investors has been gaining much more publicity in China…