Banking and Finance Laws

• Administration of Representative Establishments in China of Foreign-funded Financial Institutions Measures

  外资金融机构驻华代表机构管理办法

  A set of procedures on the establishment of representative establishments in China of foreign-funded financial institutions.

  July 02, 2002

• Banking On Technology: What Are The Risks?

  Baker & McKenzieBanks and other financial institutions have been more concerned about computer network security issues than some industry sectors that…

  July 02, 2002

• Other Recent Legislation for this Month

  National LegislationConstitution and Legal SystemSupreme People's Court, Repeal of Relevant Judicial Interpretations Promulgated Before Late 2000 Catalogue…

  June 02, 2002

• State Administration for Industry and Commerce, Questions Relevant to Whether Commercial Bank Branches May Be a Chinese Shareholder of Sino- foreign Equity Joint Ventures Reply

  国家工商行政管理总局关于商业银行分行是否可作为中外合资企业中方股东的有关问题的答复

  Commercial banks are forbidden to be an enterprise shareholder.

  June 02, 2002

• People's Bank of China, Commercial Bank Information Disclosure Tentative Measures

  中国人民银行商业银行信息披露暂行办法

  Requires the disclosure of financial and accounting reports, risk management, corporate governance and largest shareholders, changes in registered capital, and M&A.

  June 02, 2002

• People's Bank of China, Provisions Relevant to the Implementation of the«Administration of Online Banking Services Tentative Procedures» Circular

  中国人民银行关于落实《网上银行业务管理暂行办法》有关规定的通知

  Clarifies the 2001 Tentative Procedures, particularly in its application, approval requirements, and the provision of additional online businesses.

  June 02, 2002

• People's Bank of China, Bank Loan Loss Provisioning Guidelines

  中国人民银行银行贷款损失准备计提指引

  Different rules on general provisions and class-specific provisions.

  June 02, 2002

• State Administration of Foreign Exchange, Adjustment to the Administrative Measures for Purchase of Foreign Exchange for Pre-payment of Loans Circular

  国家外汇管理局关于调整购汇提前还贷管理措施的通知

  Relaxes the prior restriction against purchasing foreign exchange to pre-pay FX loans.

  June 02, 2002

• New Rules on Intermediary Services Offered by Commercial Banks

  The People's Bank of China (PBOC) issued the Relevant Questions in Implementing the Circular (the Circular) on April 22 2002. This legislation expands on the 2001 Commercial Bank Intermediary Services Tentative Provisions (the 2001 Provisions).

  June 02, 2002

• Venture Capital Update: What Is Really Going On?

  Foreign-funded VC investments in China have failed to materialize and last autumn's national regulations are widely seen as inadequate. So what alternatives do investors have?

  June 02, 2002