Banking and Finance Laws

• Ministry of Finance, Practice of Independent Auditing Announcement No.10: Review of Financial Statements

  财政部独立审计实务公告第10号－会计报表审阅

  Professional due diligence for accountants in performing financial statements review.

  March 31, 2002

• Ministry of Finance, Specific Independent Audit Guidelines No. 26: Attendance at Physical Inventory Counting

  财政部独立审计具体准则第26号－存货监盘

  Detailed regulations for accountants completing the physical inventory counting of the audited unit.

  March 31, 2002

• Other Recent Legislation for this Month

  National LegislationConstitution and Legal SystemProfessional Ethics of Notaries Basic Rules中国公证员协会公证员职业道德基本准则L1400/02.03.03Supreme…

  March 31, 2002

• Ministry of Finance, Specific Independent Audit Guidelines No. 27: External Confirmation

  财政部独立审计具体准则第27号－函证

  Procedures and criteria for external confirmation.

  March 31, 2002

• People's Bank of China, Questions Relevant to the Market Entry of Foreign-funded Financial Institutions After the Promulgation of the «PRC, Administration of Foreign-funded Financial Institutions Regulations Implementing Rules» Circular

  中国人民银行关于《中华人民共和国外资金融机构管理条例实施细则》颁布后外资金融机构市场准入有关问题的通知

  Transitional measures after the "PRC Administration of Foreign-funded Financial Institutions Regulations" comes into place.

  March 31, 2002

• State Development Planning Commission, State Economic and Trade Commission and Ministry of Foreign Trade and Economic Cooperation, Foreign Investment Industrial Guidance Catalogue

  国家发展计划委员会、国家经济贸易委员会、对外贸易经济合作部外商投资产业指导目录

  The new catalogue has made radical changes to the different categories into which all foreign investment is classified.

  March 31, 2002

• State Council, Guiding the Direction of Foreign Investment Provisions

  国务院指导外商投资方向规定

  The regulations kick-start market liberalization in China and further legal changes governing a range of industries.

  March 31, 2002

• Ministry of Finance, Accounting Treatment of Such Business of Insurance Companies as Investment-linked Products Provisions

  财政部保险公司投资连结产品等业务会计处理规定

  Principles governing the separate account arrangement, valuation date and measurement of income revenue and expenses of investment-linked products.

  March 31, 2002

• Ministry of Finance, Practice of Independent Auditing Announcement No.9: Performance of Agreed-upon Procedures Regarding Financial Information

  财政部独立审计实务公告第9号－对财务信息执行商定程序

  Accountants acting on service engagement terms.

  March 31, 2002

• What Opportunities do Foreign Banks Have in China?

  A detailed explanation of the importance of the new rules governing financial services in China.

  March 31, 2002