Capital Markets

The Procedures regulate fund offerings, purchase and redemption of fund shares, fund investments, distribution of earnings, and fund shareholders' general meeting.

The framework for the second round of the Mainland-Hong Kong Closer Economic Partnership Arrangement was concluded in August. Now, the two sides have signed the "Legal Text", which has three annexes.

The Procedures deal with qualifications of fund distribution agents, fund publicity and promotional materials requirements, and the regulation of sales business and fund sales charges.

Cancelling verification and approval requirements by the State Council's securities regulatory authority.

National LegislationAsset ValuationAsset Valuation Guidelines - Basic Guidelines 资产评估准则-基本准则L3300/04.02.25(1)Asset Valuation Professional…

Regulate the offering, operation and related activities of money market funds.

Types of financial instruments allowable for money market funds investment, and the requirements on the money market fund porfolio.

Guideline for the issuance, investment ratio, investment term, risk control and compliance procedures in relation to insurance company's subordinated debt investment.

By Wantao [email protected] June 17 2004, the People's Bank of China and the China Banking Regulatory Commission (CBRC)…