Banking and Finance Laws

Promulgated: September 17 2006Effective: September 19 2006Main contents: The Measures comprise:Part One: General ProvisionsPart Two: Inquiry and PricingPart…

Issued: September 13 2006Effective: January 1 2007Main contents: Pursuant to Article 6 of the Scheme, a certified public accountant shall receive continuing…

Issued: August 30 2006Effective: as of date of issueMain contents: A fund management company that wishes to provide overseas securities investment services…

China Life Insurance (Group), one of China's biggest insurance groups, has announced plans to buy a 10% stake in Huishang Bank, the Asian Wall Street Journal…

Issued: September 21 2006Main contents: The Circular details the investment in the equity interests of commercial banks by insurance institutions regarding:(1)…

American private-equity firm Carlyle Group has increased its bid for part of Xugong Group Construction Machinery by 20%, reports the Financial Times. Carlyle…

Promulgated: November 11 2006Effective: December 11 2006Main contents: The Regulations comprise:Part One: General ProvisionsPart Two: Establishment and…

Promulgated: December 6 2006Effective: December 11 2006Interpreting authority: China Banking Regulatory Commission (CBRC)Applicability: These Guidelines…

Cinda Asset Management plans to securitize US$604 million of Bank of China's bad loans, reports the Financial Times. Cinda is a state-owned firm that specializes…