Banking and Finance Laws

National LegislationACCOUNTINGChinese Institute of Certified Public Accountants, Circular on Duly Handling the Audit of Accounting Statements of Listed…

Mainland financial institutions allowed to issue renminbi-denominated bonds in Hong Kong.

Banking regulatory authorities given more power.

Chinese tax officials say that they will submit their unified draft tax legislation to parliament in March 2007. The revisions were reviewed by lawmakers…

Chinese tax officials say that they will submit their unified draft tax legislation to parliament in March 2007. The revisions were reviewed by lawmakers…

National LegislationBANKINGCircular on Regulating the Administration of Record Filing of Non-performing Claims Transferred Overseas by Domestic Financial…

More detailed rules on the operation of renminbi business by foreign-invested banks.

Commercial banks asked to pay attention to market risk management.

Access requirements to the National Interbank Bond Market for market makers lowered.