Banking and Finance Laws

• White & Case expands finance practice in Asia

  White & Case has made additions to its Asia Bank Finance and Restructuring practices with the arrival of partner John Hartley and his team of three from…

  May 08, 2008

• GEM TO PROVIDE NEW CHANNEL TO RAISE CAPITAL

  When the China Securities Regulatory Commission [CSRC] recently released the Draft Measures on Administration of Initial Public Offering and Listing on…

  May 08, 2008

• IFIL Group's US$90 million deal closed

  The IFIL Group has closed a US$90 million deal in Vision Investment Management in the form of a five-year mandatory convertible bond, which on conversion…

  May 08, 2008

• Beijing law firm expands its corporate practice

  Beijing-headquartered law firm Broad & Bright announced that John Chu and Lawrence Guo have joined the firm as partners. Together with Chu and Guo, the…

  May 08, 2008

• Minsheng and RBC formed US$28 million joint venture

  Shanghai-listed China Minsheng Banking has formed a funds management company joint venture with Canada's largest bank, the Royal Bank of Canada (RBC)…

  May 08, 2008

• People’s Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission, Several Opinions on Accelerating the Development of the Service Industry with Support from the Financial Sector

  中国人民银行、中国银行业监督管理委员会、中国证券监督管理委员会、中国保险监督管理委员会关于金融支持服务业加快发展的若干意见

  Enterprise groups in the service industry given priority to establish finance companies.

  May 08, 2008

• State Administration of Taxation, Supplementary Circular on Issues Relevant to the Administration of Tax Collection Concerning Outbound Payments of Trade in Services

  国家税务总局关于服务贸易对外支付税收征管有关问题的补充通知

  International maritime transport not included in trial advance tax filing.

  May 08, 2008

• State Administration of Taxation, Circular on Issues Relevant to the Administration of Tax Collection Concerning Outbound Payments of Trade in Services

  国家税务总局关于服务贸易对外支付税收征管有关问题的通知

  Procedures for advance tax filing for the service industry clarified.

  May 08, 2008

• State Administration of Foreign Exchange and State Administration of Taxation, Circular on Issues Relevant to the Trial Implementation of Tax Filing for Outbound Payments of Trade in Services

  国家外汇管理局、国家税务总局关于试行服务贸易对外支付税务备案有关问题的通知

  Advance tax filing for the service industry implemented in six places for trial.

  May 08, 2008

• General Office of the China Banking Regulatory Commission, Circular on Issues Relevant to Further Regulating the Personal Financial Management Business of Commercial Banks

  中国银行业监督管理委员会办公厅关于进一步规范商业银行个人理财业务有关问题的通知

  CBRC puts a halt to commercial banks' selling of products linked to overseas funds.

  May 08, 2008