Issued: November 21 2005Effective: as of date of issueMain contents: Money market funds may invest in cash, notice deposits and deposits with a term of…
Issued: December 23 2005Effective: January 1 2006Applicability: The term "provision of security to outside parties" refers to provision of security by…
National LegislationBANKINGSupplementary Circular on Issues Relevant to Handling of the Renminbi Business by Mainland Banks and Hong Kong Banks 关于内地银行与香港银行办理人民币业务有关问题的补充通知L3600/05.12.04Electronic…
Issued: December 3 2005Main contents: Starting from December 5 2005, regions in which foreign-invested financial institutions may engage in renminbi business…
Issued: November 24 2005Effective: as of date of issueInterpreting authority: State Administration of Foreign Exchange (SAFE)Applicability: The term "market…
National LegislationADVERTISING AND MARKETINGDecision on Adjusting Corresponding Articles of Relevant Advertising Regulatory Rules in Accordance with the…
Issued: July 12 2005Effective: August 1 2005Main contents: Foreign-invested banks in China (including wholly-owned banks, equity joint venture banks and…
The Circular allows domestic residents to set up offshore financing platform by means of special purpose companies and to participate in various equity financing activities through reverse acquisition, equity transfer, convertible bonds in international financial market. The Circular also stipulates the relevant registration and administration procedures for special purpose companies and remittance of profits, dividends, liquidation proceeds, equity transfer proceeds, and capital reduction proceeds.