Corporate Governance

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

Repealing its 1999 predecessor, the new Procedures simplies application and approval procedures for setting up a Chinese representative office for foreign insurance firms.

Promulgated: December 4 2003Effective: January 10 2004Applicability: Landing of foreign satellite television within designated districts in China approved…

Stipulates the corporate requirements of establishing export procurement centres by foreign investors.

Prerequisites for Hong Kong and Macao service providers in setting up joint venture and whooly owned international freight forwarding agencies in the PRC.

Controls the shareholding of international freight forwarding agencies.

Procedures on the establishment of asset management business for securities companies.

Provides for foreign investment in cinemas.

The Procedures apply to law firms having already established representative offices in the Mainland. Association with Mainland law firms may not take the form of a partnership or a legal person, and shall retain independence of both parties in terms of legal status, names and finances. Fulfilling criteria listed therein, the Procedures provide application procedures for association submitted by the Hong Kong and Macao SAR law firms.