Banking and Finance Laws

• State Economic and Trade Commission, Ministry of Finance, State Administration for Industry and Commerce and State Administration of Foreign Exchange, Using Foreign Investment to Reorganize State-owned Enterprises Tentative Provisions

  国家经济贸易委员会、财政部、国家工商行政管理总局、国家外汇管理局利用外资改组国有企业暂行规定

  Promulgated: November 8 2002Effective: January 1 2003Interpreting authority: State Economic and Trade Commission, the Ministry of Finance, the State Administration…

  November 30, 2002

• Other Recent Legislation for this Month

  National LegislationBankingAdministration of Financial Statistics Provisions金融统计管理规定3600/02.11.01Communist PartyThe Communist Party of…

  November 30, 2002

• Shenzhen Stock Exchange, Securities Trading by Qualified Foreign Institutional Investors Implementing Rules

  深圳证券交易所合格境外机构投资者证券交易实施细则

  Issued: December 1 2002Effective: as of date of issueInterpreting authority: Shenzhen Stock ExchangeMain contents: Qualified foreign institutional investors…

  November 30, 2002

• State Council General Office, Issues Relevant to the Proper Handling of Current Projects with Guaranteed Fixed Returns for Foreign Investors Circular

  国务院办公厅关于妥善处理现有保证外方投资固定回报项目有关问题的通知

  Issued: September 10 2002Main contents: The Circular states that projects in which the foreign investor is guaranteed fixed returns are not in compliance…

  November 30, 2002

• State Administration of Foreign Exchange, Foreign Exchange Control on Securities Investments in China by Qualified Foreign Institutional Investors Tentative Provisions

  国家外汇管理局合格境外机构投资者境内证券投资外汇管理暂行规定

  Promulgated: November 28 2002Effective: December 1 2002Interpreting authority: State Administration of Foreign ExchangeMain contents: Part Two of the Provisions…

  November 30, 2002

• The Tentative Re-launch of Offshore Banking Services

  Zhonglun Law FirmIn July, the People's Bank of China (PBOC) allowed four of China's commercial banks (the Bank of Communications, China Merchants Bank,…

  November 30, 2002

• The Missing Piece of the Puzzle: New QFII Rules Open A Share Market

  The new QFII regulations mark another step in opening the securities markets further to foreign participation. Many new laws have made it apparent that the CSRC is committed to the path of financial reform and development.

  November 30, 2002

• Administration of Securities Investments in China by Qualified Foreign Institutional Investors Tentative Measures

  合格境外机构投资者境内证券投资管理暂行办法

  This piece of legislation marks a significant development of China's securities markets as it opens up the A share and domestic bond markets to foreign investment for the first time. It lays down the application and qualification standards of QFII.

  November 30, 2002

• Issues Relevant to the Transfer of State-owned Shares and Legal Person Shares in Listed Companies to Foreign Investors Circular

  关于向外商转让上市公司国有股和法人股有关问题的通知

  A circular on the principles, procedures and rules regarding the transfer of state-owned shares and legal person shares in Listed companies to foreign investors issued by the CSRC, MOF and SETC.

  November 30, 2002

• State Administration of Taxation, Administration of Pre-tax Deduction for Losses on Bad Debts by Financial Institutions Measures

  国家税务总局金融企业呆账损失税前扣除管理办法

  Promulgated: September 9 2002Effective: October 1 2002Applicability: These Measures apply to all financial institutions in the PRC except for financial…

  October 31, 2002