Banking and Finance Laws

• PRC, Small and Medium-sized Enterprise Promotion Law

  中华人民共和国中小企业促进法

  Promulgated: June 29 2002Effective: January 1 2003Main contents: The Law contains seven parts dealing with funding assistance, business establishment support,…

  July 02, 2002

• People's Bank of China, System of Independent Directors and External Supervisors of Share System Commercial Banks Guidelines

  中国人民银行股份制商业银行独立董事和外部监事制度指引

  Promulgated: June 4 2002Effective: as of date of promulgationInterpreting authority: People's Bank of ChinaApplicability: The Guidelines apply to share…

  July 02, 2002

• Promises Kept: The CSRC Opens the Door to Foreign Investment in Fund Management Companies

  The China Securities Regulatory Commission (the CSRC) has promulgated new regulations that provide a long-awaited basis1 for the creation of foreign invested fund management companies in China.

  July 02, 2002

• The Chinese Institute of Certified Public Accountants, Professional Ethical Code of Chinese Certified Public Accountants Guiding Opinion

  中国注册会计师协会中国注册会计师职业道德规范指导意见

  Issued: June 25 2002Effective: July 1 2002Main contents: The main parts of the Opinion include requirements concerning independence, professional competence,…

  July 02, 2002

• State Administration of Foreign Exchange, Reforming the Mode of the Administration of Foreign Exchange Settlement of Capital Funds of Foreign Investment Circular

  国家外汇管理局关于改革外商投资项下资本金结汇管理方式的通知

  Issued: June 17 2002Effective: July 1 2002Applicability: For the purposes of the Circular, "capital funds of foreign investment" refers to the foreign…

  July 02, 2002

• People's Bank of China, Administration of Trust and Investment Companies Measures

  中国人民银行信托投资公司管理办法

  Promulgated: June 5 2002Effective: as of date of issueMain contents: The Measures are a revision of the previous law promulgated in January 2001. The new…

  July 02, 2002

• People's Bank of China, Corporate Governance of Share System Commercial Banks Guidelines

  中国人民银行股份制商业银行公司治理指引

  Promulgated: June 4 2002Effective: as of date of promulgationInterpreting authority: People's Bank of ChinaApplicability: The Guidelines apply to share…

  July 02, 2002

• Establishment of Fund Management Companies with Foreign Equity Participation Rules

  外资参股基金管理公司设立规则

  A detailed set of rules which governs the establishment of fund management companies with foreign equity participation.

  July 02, 2002

• New Rules on JV Securities Companies: A Limited Opening of China's Securities Industry

  The China Securities Regulatory Commission (the CSRC, China's securities regulatory body), issued the Establishment of Securities Companies with Foreign Equity Participation Rules (the Securities JV Rules or the Rules) on June 1 2002. The Rules set out the conditions and procedures for the establishment of Chinese-foreign securities joint venture companies and they represent a limited opening up of China's securities industry to foreign investors.

  July 02, 2002

• Establishment of Securities Companies with Foreign Equity Participation Rules

  外资参股证券公司设立规则

  A set of rules which govern the establishment of securities companies with foreign equity participation.

  July 02, 2002