Banking and Finance Laws

• Holding Funds in Trust in China

  On July 18 2002, the same day that the Administration of the Business of Holding Funds in Trust of Trust and Investment Companies Tentative Procedures…

  January 31, 2003

• FIEs, 25% or Less!

  On December 30 2002, the Ministry of Foreign Trade and Economic Cooperation (MOFTEC), the State Administration of Tax (SAT), the State Administration of…

  January 31, 2003

• First Step in the Long March - Year One of China's WTO Accession

  2002 was a banner year for China: it made its WTO debut; enjoyed soaring levels of foreign investment; and basked in the limelight of its successful bids…

  January 31, 2003

• Plenty of Room to Grow: A Look at China's Business Trust Industry

  Trusts in China have made considerable progress over the past few years. China's trust industry saw several positive developments in 2002, but much remains to be done to create an investment field with widespread appeal.

  January 31, 2003

• Issues Relevant to Strengthening the Administration of the Examination, Approval, Registration, Foreign Exchange Issues and Taxation of Foreign-invested Enterprises Circular

  关于加强外商投资企业审批、登记、外汇及税收管理有关问题的通知

  A circular which servces to strengthen the administration of foreign exchange issues and taxation of Foreign invested Enterprises.

  January 31, 2003

• People's Bank of China, Announcement [2002] No.26

  中国人民银行公告〔2002〕第26号

  Issued: November 6 2002Effective: December 1 2002Main contents: The Announcement allows foreign-invested financial institutions established in Guangzhou,…

  November 30, 2002

• 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