Rules on foreign-invested venture capital enterprises were promulgated in 2001, but fell considerably short of expectations. New rules in this important area have recently been issued. Have they overcome the limitations of the prior rules?
Issued: January 7 2003Interpreting authority: State Administration of TaxationApplicability: Disposal of financial assets refers to enterprises that obtain,…
Driven by the desire to gain a better position before China fully opens its banking sector according to its WTO commitment, and encouraged by several precedents…
Futures trading in China has had a chequered past. New rules make for a limited opening of the sector, and might constitute a new beginning for China's futures markets, though further legislation is needed to clarify the opportunities for foreign investors.
Driven by the desire to gain a better position before China fully opens its banking sector according to its WTO commitment, and encouraged by several precedents…
Over a year after its WTO accession, how has China done in the key securities, fund management and insurance markets?
These provisions regulate the establishment and operations of venture capital investment enterprises.
New regulations from the central bank target the use of financial institutions to launder funds obtained by criminal means. Under new rules, both renminbi and foreign currency transfers through financial institutions under the PBOC's supervision will come under heightened scrutiny.
Issued: November 23 2002Effective: December 6 2002Applicability: The Reply does not apply to the retrial, whether brought up by the party concerned or…
Promulgated: January 9 2003Effective: February 1 2003Applicability: "Investors" is defined as a natural person, legal person or other organization that…