Promulgated: May 23 2005Effective: as of date of promulgationInterpreting authority: People's Bank of ChinaApplicability: These Procedures apply to short-term…
By Alex Zhang and Gilbert ZengWebsite: www.jonesday.comNearly three months following the promulgation of the Issues Relevant to Improving the Foreign…
Issued: June 8 2005Main contents: The Circular allows fund management companies to use their own funds to engage in fund investments and specifies the…
Issued: May 23 2005Effective: as of date of issueInterpreting authority: People's Bank of ChinaApplicability: The term "short-term financing bills" (Financing…
Promulgated: June 16 2005Effective: September 1 2005Main contents: According to the Provisions, enterprise names shall be composed of the administrative…
Issued: June 16 2005Main contents: The Circular specifies the circumstances under which the controlling shareholder of a listed company may be released…
Issued: June 16 2005Effective: as of date of issueMain contents: Fund offering applications submitted by compliant fund management companies with strong…
For the first time, the State Council has offered substantive legal parameters for the growth of China's burgeoning domestic private sector. The Opinion issued by the State Council brings the legal status of local private enterprises closer to that enjoyed by state and foreign-owned companies. Despite this, there is still more to be done to make China's private sector globally competitive.
This Circular allows fund management companies to use their own funds to engage in fund investments only if it has net assets of at least Rmb 50 million and that the amount of fund shares it holds do not account for more than 60% of its net assets.