Banking and Finance Laws

• Yuan Tai

  Shanghai-based PRC firm Yuan Tai has appointed Hubert Tse, formerly of Chen & Co., as managing director and head of the firm's international business group.…

  July 02, 2007

• Ministry of Finance and China Securities Regulatory Commission, Circular on Issues Relevant to the Engagement in Securities- and Futures-related Businesses by Accounting Firms

  财政部、中国证券监督管理委员会关于会计师事务所从事证券、期货相关业务

  Requirements on accounting firms engaging in securities- and futures-related businesses imposed.

  July 02, 2007

• Supreme People's Court, Several Provisions on the Trial of Cases Involving Civil Tort Compensation in Connection with Audit Activities by Accounting Firms

  最高人民法院关于审理涉及会计师事务所在审计业务活动中民事侵权赔偿案件的若干规定

  Accounting firms face stringent tort liability when conducting audits.

  July 02, 2007

• HONG KONG REIT LISTING FOR PRC-ASSET REAL ESTATE TRUST

  RREEF, the real estate and infrastructure investment arm of Deutsche Bank Group, successfully completed a US$320 million listing of a real estate investment…

  July 02, 2007

• China Banking Regulatory Commission, Measures for the Administration of Lease Financing Companies

  中国银行业监督管理委员会金融租赁公司管理办法

  New measures to open up the lease financing sector to foreign investment

  July 02, 2007

• Other Recent Legislation for this Month

  National LegislationBANKINGMeasures for the Administration of the Report of Transactions Suspicious of Terrorist Financing by Financial Institutions金融机构报告涉嫌恐怖融资的可疑交易管理办法L3610/07.06.11Measures…

  July 02, 2007

• People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission, Measures for the Administration of Customer Identification, and Preservation of Customer Identity Information and Transaction Records by Financial Institutions

  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金融机构客户身份识别和客户身份资料及交易记录保存管理办法

  Financial institutions required to check customer identity to prevent money laundering.

  July 02, 2007

• Tough on Accountants: The New PRC Accounting Regulations

  By Peter [email protected] the July/August 2006 edition of China Law & Practice, Alan Wang examined accountants' liability under the PRC…

  July 02, 2007

• Methods of Overall Listing and Related Legal Issues

  By Christophe Han and Patrick [email protected]; [email protected] with the reform of the shareholder structure of listed…

  July 02, 2007

• Measures for the Administration of Lease Financing Companies

  金融租赁公司管理办法

  The China Bank Regulatory Commission is reviewing applications by five commercial banks to establish finance leasing companies. How will this new business vehicle impact the Chinese finance leasing landscape?

  July 02, 2007