Corporate Governance

• State Administration of Foreign Exchange, Verification of Short-term Foreign Debt Indicators of Foreign-invested Banks in China for the Year 2005 Circular

  国家外汇管理局关于2005年境内外资银行短期外债指标核定工作的通知

  Issued: January 26 2005Effective: April 1 2005Applicability: In the event of a conflict between this Circular and relevant provisions of the People's Bank…

  February 28, 2005

• Shanghai Stock Exchange, Shenzhen Stock Exchange and China Securities Depository and Clearing Corporation Limited, Handling of the Transfers of Non-tradable Shares of Listed Companies Rules

  上海证券交易所、深圳证券交易所、中国证券登记结算有限责任公司上市公司非流通股股份转让业务办理规则

  Issued: December 15 2004Effective: January 1 2005Interpreting authority: Shanghai Stock Exchange, Shenzhen Stock Exchange and China Securities Depository…

  February 28, 2005

• Other Recent Legislation for this Month

  National LegislationACCOUNTINGAdministration of the Practising Qualifications for Accounting Procedures会计从业资格管理办法L3110/05.01.22BANKINGAdministration…

  February 28, 2005

• People's Bank of China, Verification for Entry of Financial Institutions in the Banking Industry into the National Interbank Loans Market Rules

  中国人民银行银行业金融机构进入全国银行间同业拆借市场审核规则

  Promulgated: January 21 2005Effective: as of date of promulgationInterpreting authority: People's Bank of China (PBOC)Applicability: Financial institutions…

  February 28, 2005

• Revising the Foreign-invested Holding Company Regulations

  PRC holding company structures are evolving as China¡¦s economy becomes more sophisticated and as foreign companies reorient their China strategies. What changes have been introduced by recent regulations?

  February 28, 2005

• Handling of the Transfers of Non-tradable Shares of Listed Companies Rules1

  上市公司非流通股股份转让业务办理规则

  The Rules aim to maintain order in the securities markets. Transfer of non-tradable shares of listed companies must be handled by stock exchanges and in a centralized, uniform manner by Shanghai Stock Exchange, Shenzhen Stock Exchange, and the China Securities Depository and Clearing Corporation Ltd.

  February 28, 2005

• Franchising Procedures Clarify and Disappoint

  After many years of anticipation and false starts, the PRC51s first comprehensive franchising legislation, the Administration of Commercial Franchising Procedures, was finally issued by the Ministry of Commerce (MOFCOM) with effect from February 1 2005.1

  February 28, 2005

• Administration of Commercial Franchising Procedures

  商业特许经营管理办法

  The Procedures aim to create norms for commercial franchising activities. It covers issues such as franchise parties, franchise agreements, advertising, information disclosure, and foreign-invested entities.

  February 28, 2005

• Establishment of Companies with an Investment Nature by Foreign Investors Provisions (2nd Revision)

  关于外商投资举办投资性公司的规定 (第二次修正)

  The Provisions aim to encourage foreign investors to invest in China and import Foreign advanced technology and management expertise. They shall apply to investors from Taiwan, Hong Kong and Macao who invest in the establishment of companies with an investment nature in China.

  February 28, 2005

• Revising the Foreign-invested Holding Company Regulations

  PRC holding company structures are evolving as China¡¦s economy becomes more sophisticated and as foreign companies reorient their China strategies. What changes have been introduced by recent regulations?

  February 28, 2005