Promulgated: October 27 2005Effective: January 1 2006Main contents: The Law comprises:Part One: General ProvisionsPart Two: Establishment and Organizational…
November 30, 2005
Corporate Governance
Issued: October 19 2005Main contents: The Opinions put forward 26 points to improve the quality of listed companies. Article 6 suggests listed companies…
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November 30, 2005Promulgated: October 21 2005Effective: December 1 2005Main contents: The Circular deals with issues such as:1. delayed payments of at least 180 days and…
November 30, 2005Whilst China's new Company Law is not all it could have been, it goes a long way in introducing protection for minority shareholders, improving corporate governance and ensuring more realistic capitalization requirements for the establishment of companies.
November 30, 2005Reflecting China's growing unease with the free flow of information over the internet, the government has released new regulations further restricting the digital dissemination of unauthorized news.
November 30, 2005China's new Securities Law heralds better times ahead for fund raisers and investors alike. Still, a lot remains to be done to bring the regulatory function of the country's securities market in line with regional competitors.
November 30, 2005By Qin Yu and Li [email protected]; [email protected] the growth of China's economy in recent years, construction projects…
October 31, 2005Compared 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.
October 31, 2005Penalities for registration amendment of foreign-invested companies in the PRC.
October 31, 2005