Driven by the desire to gain a better position before China fully opens its banking sector according to its WTO commitment, and encouraged by several precedents…
On December 26 2002 the China Securities Regulatory Commission (CSRC) promulgated the Issues Relevant to Standardization of the Transfer of Contributed…
False profit statements and other forms of misrepresentation have plagued China's securities markets for years. A new SPC regulation directs the government's efforts to clean up the markets.
Promulgated: January 9 2003Effective: February 1 2003Applicability: "Investors" is defined as a natural person, legal person or other organization that…
Issued: December 23 2002Main contents: Appended to the Circular is a list detailing the items in respect of which examination requirements are to be abolished…
Promulgated: January 8 2003Effective: March 1 2003Interpreting authority: State Development Planning Commission, Ministry of Finance and State Administration…
Issued: November 28 2002Effective: December 1 2002Interpreting authority: China Securities Regulatory CommissionApplicability: The Guidelines do not apply…
Issued: November 18 2002Main contents: The Circular stipulates that establishment of securities companies or fund management companies with foreign equity…