China is trying to make a new start in supervised derivatives trading since the freewheeling and risky practices that characterized the derivatives market in the 1990s.
China has revised two of the country's key commercial banking laws, and has issued a concrete formulation of the role and responsibilities of the China Banking Regulatory Commission and this has been welcomed by industry watchers.
Issued: October 20 2003Main contents: The Reply clarifies that the adjustment made by the Several Issues Concerning the Trial of Civil Dispute Cases Relating…
Promulgated: December 5 2003Effective: as of date of promulgationApplicability: The Procedures apply to the examination and verification of applications…
Issued: June 9 2003Main contents: The Opinion clarifies that "a non-treasury-bond type securities" shall mean the "shares, convertible bonds, corporate…
Issued: October 20 2003Effective: November 1 2003Main contents: Major revisions to the Rules include:1. stipulation on establishment of special members…