Banking and Finance Laws

• Securitization in Taiwan off to a Strong Start

  As anticipated, market participants are responding very positively to the implementation of a new legal framework for securitization in Taiwan. The Ministry…

  June 02, 2003

• New Rules for Construction Projects: Supplements to the Bidding Law

  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.

  May 02, 2003

• China Securities Regulatory Commission, Implementing the «Suspending and Terminating the Listings of Loss-making Listed Companies Implementing Measures (Revised)» Supplementary Provisions

  中国证券监督管理委员会关于执行(亏损上市公司暂停上市和终止上市实施办法(修订))的补充规定

  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…

  May 02, 2003

• People's Bank of China, Administration of Renminbi Bank Settlement Accounts Measures

  中国人民银行人民币银行结算账户管理办法

  Issued: April 10 2003Effective: September 1 2003Interpreting authority: People's Bank of China (PBOC)Applicability: "Depositors" includes enterprises and…

  May 02, 2003

• State Administration of Foreign Exchange Notice [2003] No.1

  国家外汇管理局公告〔2003〕第1号

  Issued: April 15 2003Main contents: The Notice lists 21 types of items in respect of which administrative examination and approval requirements are to…

  May 02, 2003

• State Administration of Foreign Exchange, Issues Relevant to the Sale and Payment of Foreign Exchange for Non-trade Items That Are Not Expressly Specified in Prevailing Laws and Regulations Circular

  国家外汇管理局关于现行法规中没有明确规定的非贸易项目售付汇有关问题的通知

  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…

  May 02, 2003

• China Securities Regulatory Commission, Statement by a CSRC Spokesperson on Issues Relevant to the Administration of Securities Investments in China by Qualified Foreign Institutional Investors

  中国证监会发言人就合格境外机构投资者境内证券投资管理有关问题的谈话

  Issued: March 19 2003Main contents: The Statement further details on the application documents required for the status of a qualified institutional investor…

  May 02, 2003

• Shanghai Stock Exchange, Issues Relevant to the Strengthening of Risk Warning, Etc. Regarding Companies under the Risk of Termination of Share Listing Circular

  上海证券交易所关于对存在股票终止上市风险的公司加强风险警示等有关问题的通知

  Issued: April 3 2003Effective: May 8 2003Main contents: The Exchange will impose special treatment to shares of companies under the risk of termination…

  May 02, 2003

• Shenzhen Stock Exchange, Issues Relevant to the Strengthening of Risk Warning, Etc. Regarding Companies under the Risk of Termination of Share Listing Circular

  深圳证券交易所关于对存在股票终止上市风险的公司加强风险警示等有关问题的通知

  Issued: April 3 2003Effective: May 8 2003Main contents: Please see the digest on the Shanghai Stock Exchange, Issues Relevant to the Strengthening of Risk…

  May 02, 2003

• MOFTEC's Swansong: Easing Restrictions on PRC Holding Companies

  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.

  May 02, 2003