Corporate Governance

Compared with previous rules regarding debt provisioning, the Measures introduces greater flexibility in making the minimum 1% of year-end balance of risk assets a guideline rather than a mandatory requirement. It changes the nature of general provisions allocated from one of pre-tax deduction to a post-tax distribution of profit. The Measures allows financial institutions to set aside two types of loan loss provisions: specific provisions and special provisions. Further requirements for other categories of the asset impairment provisions, for instance bad debt provisions and provisions for impaired long-term investments, are also in place.

Penalities for registration amendment of foreign-invested companies in the PRC.

Issued: October 20 2005Main contents: Where an application by a foreign investor intending to make use of the profits from a foreign-invested enterprise…

Corporate governance in share-system commercial banks.

Promulgated: September 29 2005Effective: November 1 2005Interpreting authority: General Administration of Quality Supervision, Inspection and QuarantineApplicability:…

By Qin Yu and Li [email protected]; [email protected] the growth of China's economy in recent years, construction projects…

As the most important facilitator in the warming of China-Taiwan relations in the future, the continued evolution and understanding of laws dictating commercial activity are crucial to the stability of East Asia.

National LegislationCONSTITUTION AND LEGAL SYSTEMMeasures for the Administration of the Registration of Judicial Authentication Organizations 司法鉴定机构登记管理办法L1400/05.09.29(1)Measures…

After whetting investors' appetites in opening its media industry to foreigners in late 2004, is China now turning back on its earlier liberalization initiatives?