Corporate Governance

Clarifies the disclosure requirement for listed companies regarding non-recurring gain or loss.

Listed companies are required to diclose information on negotiable share holders, asset losses, history of funds appropriation, and external security provision.

The Opinions acknowledges the significance of vigorously development in the capital markets, outline reform ideologies, and provides directions for future liberalizations.

For the first time legislation has been issued that makes clear the requirements for foreign acquisition of PRC banking and finance companies.

The Ministry of Commerce recently issued new rules on foreign-invested holding companies. The business scope of holding companies has been widened, although some important areas of the new provisions need clarification.

Administration of the Assignment of Enterprise State-owned Assets and Equity Tentative Procedures mark another legal step in China's effort to reform the state sector of the economy.

The PRC Banking Regulation Law establishes a new banking supervision institution – the China Banking Regulatory Commission (CBRC) – to oversee the regulation for all banking institutions and activities in China.

Imposes restrictions on the listed companies in case of a change in leading shareholders.

Qualifications for Hong Kong and Macao service providers in setting up joint ventures or wholly-foreign-owned companies in the PRC.