Banking and Finance Laws

China Merchants Bank's (CMB) initial public offering (IPO) was oversubscribed by 266 times when investors rushed to buy a share of the retail portion of…

National LegislationACCOUNTINGEnterprise Accounting Guidelines No.33 Consolidated Financial Statements企业会计准则第33号 - 合幷财务报表L3100/06.02.15(33)Enterprise…

Issued: June 15 2006Main contents: These Opinions seek to:- actively develop individual and group old-age pension insurance businesses;- encourage and…

From September 8 2006, share swaps will be allowed instead of cash payment when foreign companies merge with or acquire PRC companies, according to the…

Issued: May 28 2006Main contents: The Circular specifies the procedures for foreign-invested banks applying to engage in the provision of overseas financial…

Issued: August 14 2006Effective: as of date of issueMain contents: Fund management companies shall provide for risk reserves from their fund management…

Issued: May 23 2006 Effective: June 1 2006Main contents: The Circular allows insurance institutions to collect insurance premiums either in renminbi or…

Issued: July 6 2006Effective: as of date of issueMain contents: Money brokers shall, prior to entering the interbank market to engage in brokerage business,…

Promulgated: June 5 2006Effective: July 1 2006Interpreting authority: Shanghai Stock ExchangeApplicability: The term "internal controls" refers to the…